NSW Caselaw
Supreme Court New South Wales
Medium Neutral Citation: In the matter of Arrow Law Pty Ltd [2016] NSWSC 748 Hearing dates: 6 June 2016 Decision date: 06 June 2016 Jurisdiction: Equity - Corporations List Before: Stevenson J Decision: (1) Order that the defendant, Arrow Law Pty Ltd, be wound up in insolvency. (2) Order that Ozem Kassem and Robert Kite of Cor Cordis Chartered Accountants be appointed joint and several liquidators of Arrow Law Pty Ltd. (3) Order that the plaintiff's costs be costs in the winding up of the defendant, Arrow Law Pty Ltd. Catchwords: CORPORATIONS – winding up – contested application to wind up legal practice – where consent judgment entered against defendant after failure to pay amount specified in deed of settlement – persistent failure to pay judgment debt – where statutory demand issued – where application to set aside statutory demand dismissed by another court –where defendant presumed insolvent under Corporations Act 2001 (Cth) – whether defendant sustained onus of proving solvency Legislation Cited: Corporations Act 2001 (Cth) Category: Principal judgment Parties: RajLaw (NSW) Pty Ltd (Plaintiff) Arrow Law Pty Ltd (Defendant) Gaurav Anand (Interested Party) Representation: Counsel: D Krochmalik (Plaintiff) M Bennett (Defendant)
Solicitors: Madison Marcus (Plaintiff) Arrow Law Pty Ltd (Defendant) MSQ Legal Pty Ltd (Interested Party) File Number(s): SC 2016/123074
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