Lawrence, in the matter of Reveal Group Pty Ltd (In Liquidation) [2024] FCA 523

Lawrence, in the matter of Reveal Group Pty Ltd (In Liquidation) [2024] FCA 523

Given the retirement of the first plaintiff as partner at Hall Chadwick and the agreement of replacement liquidators to creditor approved rates, it is in the best interests of creditors to appoint the proposed replacement liquidators.

Parties
First Plaintiff: Richard John Lawrence; Second Plaintiff: Richard Albarran; Third Plaintiff: Roberto Crispino; Fourth Plaintiff: Kathleen Vouris
Jurisdiction
Australia
Judgment Date
16 May 2024
Procedural Posture
Application / Judgment
Outcome
Application granted
Legal Topics
Replacement of Liquidator, Liquidation, External Administration
Corporations Corporate Insolvency Replacement of Liquidator Liquidation External Administration

Case Brief

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Parties

Richard John Lawrence

First Plaintiff

Richard Albarran

Second Plaintiff

Roberto Crispino

Third Plaintiff

Kathleen Vouris

Fourth Plaintiff

Procedural Posture

Application / Judgment

Legal Issues

  1. 1 Whether to replace the liquidator pursuant to s 499(3) of the Corporations Act 2001 (Cth) and s 90-15 of the Insolvency Practice Schedule

Ratio Decidendi

Given the retirement of the first plaintiff as partner at Hall Chadwick and the agreement of replacement liquidators to creditor approved rates, it is in the best interests of creditors to appoint the proposed replacement liquidators.

Court Disposition

Application granted

Orders

  • The First Plaintiff cease to be liquidator of the companies in Appendix A.
  • The Fourth Plaintiff be appointed liquidator of the company in Appendix B.