Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Australian Securities & Investments Commission In the Matter of Richstar Enterprises Pty Ltd ACN 099 071 968 v Carey (No 15) [2007] FCA 544
CORPORATIONS – receiver orders – asset preservation orders – Corporations Act 2001 (Cth) s 1323 – application for variation of orders as release of funds to meet legal costs of one company subject to receiver orders defending proceedings brought by related companies controlled by the same director – alleged breach of loan agreement – proposed third party notice against receivers for refusing to approve loan payment – application refused – application for release of funds from one company to create pool available for legal expenses of companies' controller and other purposes – application refused AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION v NORMAN PHILLIP CAREY, GRAEME JOHN RUNDLE, CEDRIC RICHARD PALMER BECK, JOHN NORMAN DIXON, RICHSTAR ENTERPRISES PTY LTD ACN 099 071 968, WESTPOINT REALTY PTY LTD ACN 050 218 954, BOWESCO PTY LTD ACN 008 915 357, REDCHIME PTY LTD ACN 117 947 805, KEYPOINT DEVELOPMENTS PTY LTD ACN 115 507 232, SILKCHIME PTY LTD ACN 066 849 429, ROLD CORPORATION ACN 009 358 276 AND HEALTHCARE PROPERTIES PTY LTD ACN 075 401 955 WAD83 OF 2006
FRENCH J
17 APRIL 2007
PERTH IN THE FEDERAL COURT OF AUSTRALIA
WESTERN AUSTRALIA DISTRICT REGISTRY WAD83 OF 2006
In the matter of Richstar Enterprises Pty Ltd (ACN 099 071 968) Westpoint Realty Pty Ltd (ACN 050 218 954) Bowesco Pty Ltd (ACN 008 915 357) Redchime Pty Ltd (ACN 117 947 805) Keypoint Developments Pty Ltd (ACN 115 507 232) BETWEEN: AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION
Plaintiff
AND: NORMAN PHILLIP CAREY
First Defendant
GRAEME JOHN RUNDLE
Second Defendant
CEDRIC RICHARD PALMER BECK
Third Defendant
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