Re Evans & Tate Ltd; Ex parte Jones

Case [2007] WASC 235


JURISDICTION     :   SUPREME COURT OF WESTERN AUSTRALIA

IN CHAMBERS

CITATION:   RE EVANS & TATE LTD (ADMINISTRATORS APPOINTED) (RECEIVERS AND MANAGERS APPOINTED); EX PARTE JONES [2007] WASC 235

CORAM:   EM HEENAN J

HEARD:   7 SEPTEMBER 2007

DELIVERED          :   7 SEPTEMBER 2007

PUBLISHED           :  10 OCTOBER 2007

FILE NO/S:   COR 127 of 2007

MATTER                :Section 439A(6) and s 447A(1) of the Corporations Act 2001 (Cth) and EVANS & TATE LTD (ADMINISTRATORS APPOINTED) (RECEIVERS AND MANAGERS APPOINTED) ACN 064 820 408 and others

EX PARTE

MARTIN BRUCE JONES
BRUCE JAMES CARTER
Plaintiffs

AND

EVANS & TATE LTD (ADMINISTRATORS APPOINTED) (RECEIVERS AND MANAGERS APPOINTED) (ACN 064 820 408)
AUSTRALIAN PREMIUM WINES PTY LTD (ADMINISTRATORS APPOINTED) (RECEIVERS AND MANAGERS APPOINTED) (ACN 001 189 859)
AUSTRALIAN WINERIES PTY LTD (ADMINISTRATORS APPOINTED) (RECEIVERS AND MANAGERS) (ACN 058 399 134)
AWT PTY LTD (ADMINISTRATORS APPOINTED) (RECEIVERS AND MANAGERS APPOINTED) (ACN 054 567 690)
CRANSWICK PURCHASING PTY LTD (ADMINISTRATORS APPOINTED) (RECEIVERS AND MANAGERS APPOINTED) (ACN 082 976 921)
EVANS & TATE (USA) PTY LTD (ADMINISTRATORS APPOINTED) (RECEIVERS AND MANAGERS APPOINTED) (ACN 084 350 425)
EVANS & TATE VINEYARDS PTY LTD (ADMINISTRATORS APPOINTED) (RECEIVERS AND MANAGERS APPOINTED) (ACN 008 713 764)
IRONBARK WINES PTY LTD (ADMINISTRATORS APPOINTED) (RECEIVERS AND MANAGERS APPOINTED) (ACN 090 894 974)
IRYBEL PTY LTD (ADMINISTRATORS APPOINTED) (RECEIVERS AND MANAGERS APPOINTED) (ACN 005 405 194)
OAKRIDGE VINEYARDS PTY LTD (ADMINISTRATORS APPOINTED) (RECEIVERS AND MANAGERS APPOINTED) (ACN 076 706 440)
REDELLO WINES PTY LTD (ADMINISTRATORS APPOINTED) (RECEIVERS AND MANAGERS APPOINTED) (ACN 003 753 491)
SELWYN VITICULTURAL SERVICES PTY LTD (ADMINISTRATORS APPOINTED) (RECEIVERS AND MANAGERS APPOINTED) (ACN 093 317 198)
SELWYN WINES PTY LTD (ADMINISTRATORS APPOINTED) (RECEIVERS AND MANAGERS APPOINTED) (ACN 055 105 201)
SOVINT PTY LTD (ADMINISTRATORS APPOINTED) (RECEIVERS AND MANAGERS APPOINTED) (ACN 005 514 367)

WINE SOURCES (NSW) PTY LTD (ADMINISTRATORS APPOINTED) (RECEIVERS AND MANAGERS APPOINTED) (ACN 062 372 605)
WINE SOURCES (QLD) PTY LTD (ADMINISTRATOR APPOINTED) (RECEIVERS AND MANAGERS APPOINTED) (ACN 108 365 742)
WINE SOURCES (VIC) PTY LTD (ADMINISTRATOR APPOINTED) (RECEIVERS AND MANAGERS APPOINTED) (ACN 065 453 803)
WINE SOURCES (WA) PTY LTD (ADMINISTRATORS APPOINTED) (RECEIVERS AND MANAGERS APPOINTED) (ACN 111 551 547)
WINE SOURCES HOLDINGS PTY LTD (ADMINISTRATOR APPOINTED) (RECEIVERS AND MANAGERS APPOINTED) (ACN 082 150 801)
EVANS & TATE PREMIUM WINES PTY LTD (ADMINISTRATORS APPOINTED) (ACN 000 024 304)
Defendants

Catchwords:

Corporations - Corporation in administration - Ex parte application - Application for three months extension of period to convene second meeting of creditors - Receivers and managers in control of company assets - Possibility of extension of time for convening second meeting of creditors raised at first meeting - Factors for consideration - Flexibility of powers - Notice to creditors and other interested parties - Application to fix administrators' remuneration - Application to secure administrators' fees and expenses by lien over company property - Adjourned until after notice given to creditors, members and other interested parties

Legislation:

Corporations Act 2001(Cth)

Result:

Time for convening second meeting of creditors extended by 30 days with leave granted to apply on notice for…

Continue reading Re Evans & Tate Ltd; Ex parte Jones

Sign in free to access the full text

Details
AGLC
Re Evans & Tate Ltd; Ex parte Jones [2007] WASC 235
Case
[2007] WASC 235
Decision Date

CaseChat Overview and Summary

In the matter of Re Evans & Tate Ltd, an ex parte application was made by Jones in the Supreme Court of Queensland. The company, Evans & Tate Ltd, was under administration, and the application sought an extension of time to convene the second meeting of creditors. Additionally, the application sought to fix and secure the administrators' fees and expenses by a lien over the company's property. The court was required to consider the factors pertinent to granting an extension of time for the second meeting of creditors and the appropriate procedure for addressing the remuneration and securing of the administrators' fees.

The primary legal issue was whether the court should grant an extension of time for convening the second meeting of creditors and whether it was appropriate to fix and secure the administrators' fees and expenses. The court considered the necessity for flexibility in the administration process, the requirement to provide notice to creditors and other interested parties, and the balance between expeditious administration and due process. The court also needed to determine the correct procedural steps for fixing and securing the administrators' remuneration.

The court found that the application for an extension of time was justified under the circumstances, considering the need for further time to ensure proper notice and participation from creditors. The court granted a 30-day extension with leave to apply for a further extension on notice. However, the court determined that the applications to fix and secure the administrators' fees should be adjourned until after proper notice had been given to creditors, members, and other interested parties. This approach aimed to ensure that all parties had an opportunity to be heard and that the process remained fair and transparent.

The court made an order extending the time for convening the second meeting of creditors by 30 days, with leave to apply for a further extension. The applications to fix and secure the administrators' fees were adjourned until after notice had been given to creditors, members, and other interested parties. This decision balanced the need for efficient administration with the rights of stakeholders to be adequately informed and involved in the process.

Orders

Orders of the court

1. Time for convening second meeting of creditors extended by 30 days with leave granted to apply on notice for further extension

2. Applications to fix and secure administrators' fees adjourned until after notice given to creditors, members and others

Background

Background to the litigation

Full text does not contain this section.

Evidence

Evidence Before The Court

Full text does not contain this section.

Decision

Reasons for decision

Full text does not contain this section.

Ratio Decidendi

Legal Principle Established

Full text does not contain this section.