In the matter of HCAFE Chatswood Pty Ltd [2017] NSWSC 1828

Supreme Court New South Wales

Medium Neutral Citation: In the matter of HCAFE Chatswood Pty Ltd [2017] NSWSC 1828 Hearing dates: 5 December 2017 Decision date: 05 December 2017 Jurisdiction: Equity - Corporations List Before: Black J Decision: The Court appoints a provisional liquidator to HCafe Chatswood Pty Ltd. Catchwords: CORPORATIONS — Winding up — Liquidators — Appointment of provisional liquidator – where substantial shareholders of closely held company excluded from management – where any assets of company require preservation. Legislation Cited: - Corporations Act 2001 (Cth), ss 232–233, 461, 472(2) Cases Cited: - Australian Securities and Investments Commission v ActiveSuper Pty Ltd (No 2) [2013] FCA 234 (2013) 93 ACSR 189 - Australian Securities Commission v Solomon (1996) 19 ACSR 73 - Earth Loop Pty Ltd v AIAN Investments Pty Ltd [2008] NSWSC 1042 - Lubavitch Mazal Pty Ltd v Yeshiva Properties No 1 Pty Ltd [2003] NSWSC 535; (2003) 47 ACSR 197 - Re New Cap Reinsurance Corporation Holdings Ltd [1999] NSWSC 536; (1999) 32 ACSR 234 - Re Therma Truck Pty Ltd [2016] NSWSC 266 - Riviana (Aust) Pty Ltd v Laospac Trading Pty Ltd (1986) 10 ACLR 865 Category: Procedural and other rulings Parties: Jianlin Weng (First Plaintiff) Youhua Li (Second Plaintiff) Fei Sun (First Defendant) Kee Mew Family Pty Ltd (Second Defendant) HCafe Chatswood Pty Ltd (Third Defendant) Representation: Counsel: B F Katekar/K Petch (Plaintiffs/Applicants) A Katsoulas (Defendants/Respondents)