In the matter of Say Enterprises Pty Ltd [2018] NSWSC 396

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Say Enterprises Pty Ltd [2018] NSWSC 396 Hearing dates: 30 October 2017 Date of orders: 29 March 2018 Decision date: 29 March 2018 Jurisdiction: Equity - Corporations List Before: Brereton J Decision: Remuneration reduced to $60,500, final accounts dispensed with and release granted. Catchwords: CORPORATIONS – receivers – remuneration – accounts - release Legislation Cited: (CTH) Corporations Act 2001, ss 420, 425 (NSW) Uniform Civil Procedure Rules 2005, r 26.4, 26.5 Cases Cited: Anderson Group Pty Ltd; Mann v Anderson (2002) 20 ACLC 1607; [2002] NSWSC 764 Banksia Securities Limited, Re [2017] NSWSC 540 Brenner v Rose [1973] 1 WLR 443 Corporate Affairs Commission v Smithson [1984] 1 NSWLR 547 Custom Card (NSW) Pty Limited, Re [1979] 1 NSWLR 241 Davy v Gronow (1845) 14 LJ Ch 134 Deputy Commissioner of Taxation v Starpicket Pty Limited (No 2) [2013] FCA 699 Duffy v Super Centre Development Corporation Ltd [1967] 1 NSWR 382 GDK Financial Solutions Pty Ltd, Re (2006) 236 ALR 699 Hoskins v Campbell [1869] WN 59. Ide v Ide (2004) 184 FLR 44; [2004] NSWSC 751 Idylic Solutions Pty Limited, Re (2016) 115 ACSR 581; [2016] NSWSC 1292 Interior Marble Pty Ltd v Mondo Stone Pty Ltd [2004] NSWSC 981 IRC v Hoogstraten [1985] QB 1077; [1984] 3 All ER 25; [1984] 3 WLR 933 Ireland v Eade (1844) 7 Beav 55 Kerr, in the matter of Angel's Castle Pre-School Pty Limited (in liq) (No 2) [2012] FCA 57 Kraft v Kupferwasser (1991) 23 NSWLR 236 Manchester and Milford Railway Co, Re; Ex parte Cambrian Railway Co (18 Re 80) 14 Ch D 645 Martyniuk v King [2002] VSC 388; (2002) 43 ACSR 41 Mohamed v Hurstville Tower Medical Clinic Pty Ltd (in liquidation) [2006] NSWSC 4 Nangel v Lord Fingal (1824) 1 Hog 142 Nieman v Nieman (1889) 43 Ch D 198. Parker v Dunn (1845) 8 Beav 497 Refund Property Fees Pty Ltd v Prime Project Development (Cairns) Pty Ltd [2015] FCA 613 Richardson v Ward (1822) 6 Madd 266; 56 ER 1092 Rondahl, Re; Henderson v Executor Trustee Australia Limited (2005) 226 ALR 475; [2005] SASC 477 Sakr Nominees Pty Ltd, Re [2016] NSWSC 709 Sanderson, as liquidator of Sakr Nominees Pty Ltd (in liq) v Sakr (2017) 93 NSWLR 459; (2017) 343 ALR 524; (2017) 118 ACSR 333; [2017] NSWCA 38; [2017] NSWCA 38 Templeton v Australian Securities and Investments Commission (2015) 108 ACSR 545; [2015] FCAFC 137 Tewart v Lawson (1874) LR 18 Eq 490 Timeshare Resort Club Ltd (in liq), Re (2010) 187 FCR 13; [2010] FCA 673 Tonks, in the matter of PWG Holdings Pty Ltd (in liq) (No 2) [2017] FCA 893 Venetian Nominees Pty Ltd v Conlan (1998) 20 WAR 96 Wenkart v Pantzer [2005] FCA 1572 Windschuegel v Irish Polishes Ltd [1914] 1 Ir R 33 Wine National Pty Limited, Re [2016] NSWSC 4 Yunghanns v Candoora No 19 Pty Ltd [2000] VSC 387 Texts Cited: Walton R, Kerr on the Law and Practice as to Receivers and Administrators (17th ed, 1989) Daniell's Chancery Practice (7th ed, 1901) Category: Principal judgment Parties: Yosi Tangi (P) Say Enterprises Pty Ltd (D1) Stav Marie Berrebi (D2) Alon Simon (D3) NSI Retail Pty Ltd (D4) Antony Resnick and David Solomons (As) Representation: Counsel: D. Krochmalik (As) R. Notley (Ds)