Crosbie, in the matter of Media World Communications Ltd (Administrator Appointed) [2005] FCA 51

FEDERAL COURT OF AUSTRALIA

Crosbie, in the matter of Media World Communications Ltd (Administrator Appointed) [2005] FCA 51 CORPORATIONS – administration – subscribing shareholders – induced to subscribe by fraud – whether creditors Australian Securities and Investments Act 2001 (Cth) ss 12BAA, 12BAB, 12DA Companies Act 1985 (UK) s 111A Corporations Act 2001 (Cth) ss 437F, 447D(1), 553(1), 563A, 728(1) Fair Trading Act 1999 (Vic) ss 9, 158(2) Trade Practices Act 1974 (Cth) s 87 Addlestone Linoleum Company, In re (1887) 37 Ch D 191 discussed Brash Holdings Ltd. (Administrator appointed) v Katile Pty. Ltd. [1996] 1 VR 24 discussed Elder's Trustee and Executor Company Limited v Commonwealth Homes and Investment Co. Ltd. (1941) 65 CLR 603 cited Houldsworth v City of Glasgow Bank and Liquidators (1880) 5 App Cas 317 applied Hull and County Bank, In re (1880) 15 Ch D 507 cited Lorenz's Settlement, Re (1861) 3 Dr & Sm 401 [62 ER 433] cited Lucks Limited, In re [1928] VLR 466 referred to Murdoch v Crawford [1986] VR 97 cited Oakes v Turquand (1867) LR 2 HL 325 cited Peek v Gurney (1873) LR 6 HL 337 cited Soden v British & Commonwealth Holdings plc [1998] AC 298 approved Tenji v Henneberry & Associates Pty Ltd (2000) 98 FCR 324 cited Tennent v The City of Glasgow Bank and Liquidators (1879) 4 App Cas 615 applied Webb Distributors (Aust) Pty. Ltd. v State of Victoria (1993) 179 CLR 15 applied Wallace & Young, Australian Company Law and Practice (1965) IN THE MATTER OF Media World Communications Ltd (Administrator Appointed) and Media World Broadcasting Pty Ltd (Administrator Appointed) CRAIG DAVID CROSBIE (in his capacity as Administrator of Media World Communications Ltd (Administrator Appointed) and Media World Broadcasting Pty Ltd (Administrator Appointed) v MARK PATRICK NAIDOO and BLACKBURN'S OFFICE SUPPLIES PTY LTD VID 1510 of 2004 FINKELSTEIN J 31 JANUARY 2005 MELBOURNE