Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Securities and Exchange Board of India v MiiResorts Group 1 Pty Ltd [2020] FCA 824 File number: QUD 147 of 2017
Judge: LEE J
Date of judgment: 3 June 2020
Catchwords: PRACTICE AND PROCEDURE – scheme for the distribution of funds held on trust to investors affected by the operation of a "Ponzi" scheme – transfer of funds to India to be administered by a committee constituted by the Securities and Exchange Board of India (SEBI) – undertaking given by Counsel and secured by a conditional bond COSTS – power to award costs to an intervener
Legislation: Federal Court of Australia Act 1976 (Cth) ss 5, 23 Federal Court Rules 2011 rr 1.32, 9.12
Cases cited: Kadam v MiiResorts Group 1 Pty Ltd (No 5) [2018] FCA 1086; (2018) 129 ACSR 74
Date of hearing: 3 June 2020
Registry: New South Wales
Division: General Division
National Practice Area: Commercial and Corporations
Sub-area: Corporations and Corporate Insolvency
Category: Catchwords
Number of paragraphs: 7
Counsel for the Applicant: Mr M R Hodge QC with Ms J O'Connor
Solicitor for the Applicant: DLA Piper
Counsel for the Intervener: Mr N F Coburn
Solicitor for the Intervener: Bounty Law
ORDERS QUD 147 of 2017
BETWEEN: SECURITIES AND EXCHANGE BOARD OF INDIA Applicant
AND: MIIRESORTS GROUP 1 PTY LTD ACN 140 177 395 First Respondent
PEARLS INFRUSTRUCTURE PROJECTS LIMITED (INDIA) Second Respondent
SUNANDA BALKRISHNA KADAM Intervener
JUDGE: LEE J DATE OF ORDER: 3 JUne 2020
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