In the matter of Cardinal Project Services Pty Ltd [2017] NSWSC 920

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Cardinal Project Services Pty Ltd [2017] NSWSC 920 Hearing dates: Tuesday, 27 June 2017 Date of orders: 12 July 2017 Decision date: 12 July 2017 Jurisdiction: Equity - Corporations List Before: Brereton J Decision: Application for review of liquidators' remuneration dismissed Catchwords: CORPORATIONS – external administration – liquidation – liquidator's remuneration – voluntary winding up – where approval for further remuneration set aside but liquidators have approved remuneration for entire liquidation – where liquidators have undertaken substantial work in excess of approval if costed according to time spent – where court satisfied that liquidators would be entitled to not less than remuneration so far approved – no warrant for review

CIVIL PROCEDURE – stay of proceedings – inherent power – abuse of process – collateral abuse of process Legislation Cited: (CTH) Corporations Act 2001, s 473(10), s 504 (CTH) Corporations Regulations 2001, reg 5.6.26(3) (NSW) Evidence Act 1995, s 11(2), s 131(2)(k) Cases Cited: Ashby v Slipper (2014) 219 FCR 322 Australian Competition and Consumer Commission v Metcash Trading Ltd (2011) 198 FCR 297 Bradshaw v McEwans Pty Ltd (1951) 217 ALR 1 Communications, Electrical, Electronic, Energy, Information, Postal, Plumbing and Allied Services Union of Australia v Australian Competition and Consumer Commission (2007) 162 FCR 466 Goldsmith v Sperrings Ltd [1977] 1 WLR 478 Holloway v McFeeters (1956) 94 CLR 470 Jones v Dunkel (1959) 101 CLR 298 Kennards Hire Pty Ltd v RMGA Pty Ltd [2010] NSWSC 1387 Paul's Retail Pty Ltd v Morgan [2009] NSWSC 1222; (2009) 76 ACSR 26 Paul's Retail Pty Ltd v Morgan [2010] NSWCA 217; (2010) 79 ACSR 580 Petrolink Pty Ltd, In the matter of; Smith v Boné [2014] FCA 1024 Robinson v Balmain New Ferry Co Ltd [1910] AC 295 Sanderson v Sakr [2017] NSWCA 38 Van Der Lee v New South Wales [2002] NSWCA 286 Varawa v Howard Smith Co Ltd (1911) 13 CLR 35 Williams v Spautz (1992) 174 CLR 509 Category: Principal judgment Parties: Melrose Cranes & Rigging Pty Limited (plaintiff) Richard Stone (first defendant) Peter William Marsden (second defendant) Representation: Counsel: A Spencer (plaintiff) F Assaf (defendants)