Yeo v Australian Securities and Investments Commission, in the matter of Ji Woo International Education Centre Pty Ltd (deregistered) [2017] FCA 1480

FEDERAL COURT OF AUSTRALIA

Yeo v Australian Securities and Investments Commission, in the matter of Ji Woo International Education Centre Pty Ltd (deregistered) [2017] FCA 1480 File number: NSD 318 of 2017

Judge: GLEESON J

Date of judgment: 8 December 2017

Catchwords: CORPORATIONS – application for reinstatement of registration of company pursuant to s 601AH of the Corporations Act 2001 (Cth) – whether applicant is an aggrieved person within the meaning of s 601AH – whether plaintiff's claim is not plainly hopeless – whether just that the company's registration be reinstated – purpose of proposed reinstatement to seek immediate winding up of company and appointment of liquidator to explore and pursue claims against former directors – whether winding up would be just and equitable within the meaning of s 461(1)(k) of the Corporations Act 2001 (Cth) – application granted

Legislation: Corporations Act 2001 (Cth) ss 461(1)(k), 601AH

Cases cited: Arnold World Trading Pty Ltd v ACN 133 427 335 Pty Ltd [2010] NSWSC 1369; (2010) 80 ACSR 670 Bing! Software Pty Ltd v Bing Technologies Pty Ltd (No 2) [2008] FCA 1761 Brereton v Australian Securities and Investment Commission [2007] FCA 651 Callegher v Australian Securities and Investments Commission [2007] FCA 482; (2007) 218 FCR 1 Casali v Crisp [2001] NSWSC 860; (2001) 165 FLR 79 CGU Workers Compensation (NSW) Ltd v Rockwall Interiors Pty Ltd [2006] NSWSC 690; (2006) 201 FLR 296 Deputy Commissioner of Taxation v Australian Securities and Investments Commission; re Civic Finance Pty Limited (Deregistered) [2010] FCA 1411; (2010) 81 ATR 456 Deputy Commissioner of Taxation; re James Hardie Australia Finance Pty Ltd (Deregistered) [2008] FCA 1181; (2008) 170 FCR 545 GIS Electrical Pty Ltd v Melsom [2002] WASCA 302; (2002) 43 ACSR 481 Holli Managed Investments Pty Ltd v Australian Securities Commission [1998] FCA 1675; (1998) 90 FCR 341 Inspector General in Bankruptcy v Bradshaw [2006] FCA 22 Melluish v Underwood Development Pty Ltd [2004] NSWSC 429 Newfront Pty Ltd (Deregistered) [2008] SASC 127 Pacanowski, DH v Australian Securities Commission [1995] FCA 336; (1995) 57 FCR 173 Partners v Sampson [2002] NSWSC 383 Pilarinos v Australian Securities & Investments Commission [2006] VSC 301; (2006) 24 ACLC 775 Re Brockweir Pty Ltd [2012] VSC 225 Re ERB International Pty Ltd (deregistered) [2014] NSWSC 200 Re Proserpine Pty Ltd [1980] 1 NSWLR 745 Vukasin v ASIC [2007] NSWSC 1341 WorkCover Authority (NSW) v Picton Truck & Trailer Repairs Pty Ltd [2004] NSWCA 371; (2004) 51 ACSR 102