Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Australian Securities and Investments Commission v Citrofresh International Ltd (No 2) [2010] FCA 27 Citation: Australian Securities and Investments Commission v Citrofresh International Ltd (No 2) [2010] FCA 27
Parties: AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION v CITROFRESH INTERNATIONAL LTD (ACN 064 551 426) and RAVI AMRIT NARAIN
File number: VID 950 of 2006
Judge: GOLDBERG J
Date of judgment: 2 February 2010
Corrigendum: 3 February 2010
Catchwords: CORPORATIONS – offences – misleading and deceptive conduct – financial products or services – representation of existing fact– representation of future matter – causing company to contravene Act - Director's duties – failure to exercise reasonable care and diligence – relevant principles
Legislation: Corporations Act 2001 (Cth): s 180, 206C(1), 1041H(1), 1317E, 1317G
Cases cited: Australian Securities and Investments Commission v Citrofresh International Ltd (2007) 164 FCR 333, cited Australian Securities and Investments Commission v Macdonald (No 11) (2009) 256 ALR 199, followed Australian Securities and Investments Commission v Maxwell (2006) 59 ACSR 373, followed Australian Securities and Investments Commission v Narain (2008) 169 FCR 211, followed Australian Securities and Investments Commission v Sydney Investment House Equities Pty Ltd (2008) 69 ACSR 1, cited Australian Securities and Investment Commission v Warrenmang Limited [2007] FCA 973, followed
Date of hearing: 12 December 2008
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