In the matter of A.C.N. 607 358 887 (formerly known as Carzapp Pty Ltd) [2019] NSWSC 1561

Supreme Court New South Wales

Medium Neutral Citation: In the matter of A.C.N. 607 358 887 (formerly known as Carzapp Pty Ltd) [2019] NSWSC 1561 Hearing dates: 16, 17, 18, 19, 20 July 2018; 1, 2, 3 August 2018; 2 October 2018; 18 October 2018 (written submission) Decision date: 08 November 2019 Jurisdiction: Equity Before: Kunc J Decision: Oppression not established; administrators validly appointed; companies to be wound up with administrators to become liquidators Catchwords: CORPORATIONS — Members' rights and remedies — Oppression — Where conduct is oppressive to, unfairly prejudicial to, or unfairly discriminatory against minority — No issue of principle

CORPORATIONS — Voluntary administration — General matters — Whether administrators validly appointed Legislation Cited: Civil Procedure Act 2005 (NSW) Corporations Act 2001 (Cth) Trustee Act 1925 (NSW) Cases Cited: Beconwood Securities Pty Ltd v Australian and New Zealand Banking Group [2008] FCA 594; (2008) 246 ALR 361 Campbell v Backoffice Investments Pty Ltd [2008] NSWCA 95; (2008) 66 ACSR 359 Commonwealth v Irving & NPC Manufacturing Pty Ltd (1996) 65 FCR 291 Downey v Crawford [2004] FCA 1264; (2004) 51 ACSR 182 Fexuto Pty Ltd v Bosnjak Holdings Pty Ltd [2001] NSWCA 97; (2001) 37 ACSR 672 Herrman v Simon (1990) 4 ACSR 81 Hunter v Organic & Natural Enterprise Group Pty Ltd [2012] QSC 383; (2012) 92 ACSR 183 Lewski v Australian Securities and Investments Commission [2016] FCAFC 96; (2016) 337 ALR 1 Lindholm, Re; Opes Prime Stockbroking Ltd (admin apptd) (recs and mgrs apptd) [2008] FCA 1425; (2008) 171 FCR 473 Macquarie International Health Clinic Pty Ltd v Sydney Local Health District; Sydney Local Health District v Macquarie Health Corporation Ltd [2013] NSWSC 764 Morgan v 45 Flers Avenue Pty Ltd (1986) 10 ACLR 692 Rapsey (in Their Capacity as Former Administrators of Lime Gourmet Pizza Bar (Charlestown) Pty Ltd (Formerly Under Admin) ) v Lime Gourmet Pizza Bar (Charlestown) Pty Ltd [2015] NSWSC 244 Re Compaction Systems Pty Ltd & the Companies Act [1976] 2 NSWLR 477; (1976) 2 ACLR 135 Re Condor Blanco Mines Limited [2016] NSWSC 1196 Re Express Engineering Works Ltd [1920] 1 Ch 466 Sutherland v Take Seven Group Pty Ltd [1998] NSWSC 538 Territory Realty Pty Ltd v Garraway [2009] FCA 292 Wayde v New South Wales Rugby League Ltd [1985] HCA 68; (1985) 180 CLR 459 Category: Principal judgment Parties: Twinkledom Pty Ltd ACN 606 702 416 (First Plaintiff) Busy Traveller Pty Ltd ACN 097 668 221(Second Plaintiff)