In the matter of Love D&V XOXO Pty Ltd (Receiver and Manager Appointed)

[2025] NSWSC 230

Supreme Court of NSW

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For Australian Law.

1. Corporations
2. › Receivers and managers
3. › Powers
4. › Court-appointed receiver sought advice and directions regarding various proposed adjustments to director loan accounts
5. › where the parties affected by those directions were represented at the hearing
6. › directions given
1. Limitation of Actions
2. › Debt
3. › Acknowledgement
4. › loan repayable on demand
5. › debt acknowledged in financial statements of company
6. › whether acknowledgement was “made to” the creditor within the meaning of s 54 of the Limitation Act 1969 (NSW)
1. Contracts
2. › Debt
3. › loan agreement
4. › where amount of advance was paid by one director into company bank account and then paid from that account to another director
5. › whether the money was borrowed from the director who made the payment or from the company
6. › whether repayments had been agreed to be made and had been made by means of various adjustments to director loan accounts.
1. Costs
2. › where application for winding up resolved by consent orders for appointment of receiver
3. › whether costs should be awarded against plaintiff
4. › whether costs previously awarded against plaintiff should be payable forthwith

Citation[2025] NSWSC 230

CourtNSWSC

JurisdictionNew South Wales

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