National Acceptance Corporation Pty Ltd v Benson and Ors

(1988) 12 NSWLR 213

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(Decision by: Clarke JA)

Between: National Acceptance Corporation Pty Ltd
And: Benson and Ors

Court:

Judges: Kirby P
Priestley JA

Clarke JA

Subject References:
COMPANIES
WINDING UP
Effect of order
Disposition of property after commencement of winding up by the court
Avoidance of disposition
'Void'

Legislative References:
Companies (New South Wales) Code - s 368

Case References:
Brady v Stapleton - (1952) 88 CLR 322
Chapman v Shepherd - (1867) LR 2 CP 228
Commercial Bank of Australia v Carruthers - (1964) 6 FLR 247; 82 WN (Pt 1) (NSW) 76; [1964-5] NSWR 1197
Craddock v Hopfner - (1986) 10 ACLR 714; 4 ACLC 421
Gray's Inn Construction Co Ltd, Re - [1980] 1 WLR 711; [1980] 1 All ER 814
Green v Rozen - [1955] 1 WLR 741; [1955] 2 All ER 797
London, Hamburg and Continental Exchange Bank; Emmerson's Case, Re - (1866) LR 2 Eq 231; on appeal (1866) LR 1 Ch App 433
Mal Bower's Macquarie Electrical Centre Pty Ltd (In Liq) and the Companies Act, Re - [1974] 1 NSWLR 254
Mercredits Finance Ltd v Ramsey - [1979] 1 NSWLR 354
Omnico Ltd, Re - (1976) 1 ACLR 381
Onward Building Society, Re - [1891] 2 QB 463
Proctor v Jetway Aviation Pty Ltd - [1984] 1 NSWLR 166
Rudge v Bowman - (1868) LR 3 QB 689
Rudi's Enterprises Pty Ltd v Jay - (Court of Appeal, 3 June 1987, unreported)
Sullivan v Henderson - [1973] 1 WLR 333; [1973] 1 All ER 48
Suttor v Gundowda Pty Ltd - (1950) 81 CLR 418
Tellsa Furniture Pty Ltd (In liquidation) v Glendave Nominees Pty Ltd - (1987) 5 ACLC 662
Wiltshire Iron Co, Re; Ex parte Pearson - (1868) LR 3 Ch App 443

Hearing date: 10 February 1988
Judgment date: 25 March 1988

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Decision by:
Clarke JA

I agree with Priestley JA.

Appeal allowed.

Solicitors for the appellant: N E Penman & Co (Gosford), by their city agents, Raves Marsh Morck & Hill.

Solicitors for the respondent: Solomon, Salmon & Co (Enfield), by their city agents, Taylor & Scott.

P H GREENWOOD, Barrister.