M&V International Pty Limited v Francis Hedley Horwood Junior; In the matter of M&V International Pty Limited [2015] NSWSC 2089

Supreme Court New South Wales

Medium Neutral Citation: M&V International Pty Limited v Francis Hedley Horwood Junior; In the matter of M&V International Pty Limited [2015] NSWSC 2089 Hearing dates: 6 August 2015 Date of orders: 06 August 2015 Decision date: 06 August 2015 Jurisdiction: Equity - Corporations List Before: Brereton J Decision: Notice of motion dismissed. Catchwords: CORPORATIONS – winding up – stay of winding up proceedings – where stay sought to enable recovery of property which would return company to solvency – more appropriate to appoint administrators and execute deed of company arrangement – stay sought essentially to permit company to continue trading in insolvency – held, stay denied. Legislation Cited: (CTH) Corporations Act 2001, s 459G, s 459H Category: Principal judgment Parties: In proceedings 2015/176504: M&V International Pty Ltd (ACN 140 717 246) (plaintiff) Francis Hedley Horwood (first defendant) Donna Vida Horwood (second defendant) Khidmatgar (No 3) Pty Ltd (ACN 001 766 178) t/a Agritech Australia (ABN 44 001 766 178) (third defendant)

In proceedings 2014/296043: Francis Hedley Horwood and Donna Vida Horwood (plaintiffs) M&V International Pty Ltd (ACN 140 717 246) (defendant) Representation: Counsel: D Dudderidge (solicitor) (M&V International)) T Lynch (Francis Hedley Horwood and Donna Vida Horwood) Ahmed (Deputy Commissioner of Taxation)

Solicitors: Wyndham Lawyers (Francis Hedley Horwood and Donna Vida Horwood) Bolton & Swan Lawyers (M&V International) File Number(s): 2015/176504; 2014/296043