Federal Court of Australia
Federal Court of Australia
Environmental Clean Technologies Limited, in the matter of Environmental Clean Technologies Limited [2021] FCA 440 File number(s): VID 205 of 2021
Judgment of: BEACH J
Date of judgment: 28 April 2021
Date of publication of reasons: 29 April 2021
Catchwords: CORPORATIONS – share issue in ASX listed company – failure to give notice under s 708A(5)(e) of the Corporations Act 2001 (Cth) – requirement to make disclosure concerning share issues under s 706 in absence of cleansing notice – effect on on-sales – extension of period under s 708A(6)(a) – application for relief by way of extensions and declarations under ss 1322(4)(a) and (d) – on-sellers' failure to comply with ss 707(3) or 727(1) – relief from civil liability – other orders sought under s 1322(4)(c) – orders made
Legislation: Corporations Act 2001 (Cth) ss 706, 707(1) and (3), 708, 708A(1), (5) and (6), 727(1), 1322(4)(a), (c) and (d) and 1322(6)
Cases cited: In the matter of 333D Limited [2021] FCA 349
Division: General Division
Registry: Victoria
National Practice Area: Commercial and Corporations
Sub-area: Corporations and Corporate Insolvency
Number of paragraphs: 24
Date of hearing: 28 April 2021
Counsel for the Applicant: Mr A Meagher
Solicitor for the Applicant: Cornwalls
ORDERS VID 205 of 2021 IN THE MATTER OF ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED (ACN 009 120 405) ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED (ACN 009 120 405) Applicant
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