In the matter of Mazu Alliance Limited [2018] NSWSC 1482

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Mazu Alliance Limited [2018] NSWSC 1482 Hearing dates: 29 March 2018 Decision date: 29 March 2018 Jurisdiction: Equity - Corporations List Before: Black J Decision: The Defendant be wound up in insolvency under the provisions of the Corporations Act 2001 (Cth). The Defendant pay the Plaintiffs' costs of and incidental to the winding up application on an indemnity basis Catchwords: CORPORATIONS – winding up – application based on failure to meet creditor's statutory demand – whether company should be wound up Legislation Cited: - Civil Procedure Act 2005 (NSW) s 98 - Corporations Act 2001 (Cth) - Uniform Civil Procedure Rules 2005 (NSW) rr 42.1, 42.2, 42.5 Cases Cited: - Australian Securities and Investments Commission v Lanepoint Enterprises Pty Ltd (recs and mgrs apptd) [2011] HCA 18; (2011) 244 CLR 1 - Cabport Pty Ltd v Marinchek (No 2) [2013] NSWCA 131 - Ingot Capital Investments Pty Ltd v Macquarie Equity Capital Markets Ltd (No 7) [2008] NSWSC 199; (2008) 65 ACSR 324 - Oshlack v Richmond River Council (1998) 193 CLR 72 - Re Australasian Barrister Chambers Pty Ltd (in liq) [2017] NSWSC 695 - Re Gladstone Mortgagee (No 1) Pty Ltd [2015] NSWSC 1551 - Standard Commodities Pty Limited v Société Socinter Department Centragel [2005] NSWSC 294; (2005) 54 ACSR 489Richmond River Council (1998) 193 CLR 72 Category: Principal judgment Parties: Ozem Kassem in his capacity as the liquidator of BMS Group Investments (NSW-VIC) Pty Ltd (in liquidation) (First Plaintiff) BMS Group Investments (NSW-VIC) Pty Ltd (in liquidation) (Second Plaintiff) Mazu Alliance Limited (Defendant) Representation: Counsel: A P Cheshire SC (Plaintiffs) M Castle (Defendant)