Federal Court of Australia
Federal Court of Australia
Sijabat v Osman, in the matter of Aden Services Pty Ltd (in liq) [2022] FCA 1103 File number(s): WAD 191 of 2022
Judgment of: HALLEY J
Date of judgment: 14 September 2022
Date of publication of reasons: 15 September 2022
Catchwords: CORPORATIONS – ex parte application pursuant to s 1323 of the Corporations Act 2001 (Cth) – asset preservation orders – where irregularities in financial records of company – where unexplained, disguised substantial payments made to defendants – risk of dissipation of assets – application granted
Legislation: Corporations Act 2001 (Cth) s 1323
Cases cited: Australian Securities Commission v AS Nominees Limited (1995) 62 FCR 504 Australian Securities and Investments Commission v Banovec (No 2) [2007] 25 ACLC 1205; 2007 NSWSC 961 Australian Securities and Investments Commission v Burnard [2007] 64 ACSR 360; [2007] NSWSC 1217 Australian Securities and Investments Commission v Krecichwost [2007] 213 FLR 314; [2007] NSWSC 948 Purina, In the matter of Aircraft Support Industries Engineering Pty Ltd (in liquidation) [2019] FCA 898 Re Richstar Enterprises Pty Ltd; Australian Securities and Investments Commission v Carey (No 3) (2006) 232 ALR 577; [2006] FCA 433
Division: General Division
Registry: New South Wales
National Practice Area: Commercial and Corporations
Sub-area: Corporations and Corporate Insolvency
Number of paragraphs: 36
Date of hearing: 14 September 2022
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