In the matter of Canberra Babington Pty Limited [2020] NSWSC 1289

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Canberra Babington Pty Limited [2020] NSWSC 1289 Hearing dates: 9 September 2020 Date of orders: 9 September 2020 Decision date: 09 September 2020 Jurisdiction: Equity - Corporations List Before: Rees J Decision: Dismiss application to amend pleadings. Catchwords: CORPORATIONS – rights issues from 1962 to 1997 – dilution of shareholding – general equitable jurisdiction invoked – unclear how relief sought arises from pleaded facts between these parties. Legislation Cited: Civil Procedure Act 2005 (NSW), s 56 Corporations Act 2001 (Cth), s 233 Limitation Act 1969 (NSW) Limitation Act, 1623 (21 Jac 1 c 16) Cases Cited: Banque Commerciale SA, (en liquidation) v Akhil Holdings Ltd [1990] HCA 11; (1990) 169 CLR 279 Belan v Casey (2003) 57 NSWLR 670; [2003] NSWSC 159 Brunninghausen v Glavanics [1999] NSWCA 199; (1999) 46 NSWLR 538; (1999) 32 ACSR 294 Charlton v Baber [2003] NSWSC 745; (2003) 47 ACSR 31; (2003) 21 ACLC 1671 Dare v Pulham [1982] HCA 70; (1982) 148 CLR 658 Foss v Harbottle (1843) 2 Hare 461; (1843) 67 ER 189 Gerace v Auzhair Supplies Pty Ltd (in liq) (2014) 87 NSWLR 435; [2014] NSWCA 181 Gunns Ltd v Marr [2005] VSC 251 Howard Smith Limited v Ampol Petroleum Limited (1974) 3 ALR 448; [1974] 1 NSWLR 68 Iacullo v Iacullo [2013] NSWSC 1517 In the matter of Motasea Pty Ltd (2014) 97 ACSR 589; [2014] NSWSC 69 Jones v Jones [2009] VSC 292 Lewis Securities Ltd (In Liq) v Carter [2018] NSWCA 118; (2018) 355 ALR 703 Manthey Redmond (Aust) Pty Ltd (In Liq) v Manthey (2017) 121 ACSR 389; [2017] QSC 145 McGuirk v University of NSW [2009] NSWSC 1424 Nanevski Developments Pty Ltd v Slaveski [2020] NSWSC 617 Orr v Ford [1989] HCA 4; (1989) 167 CLR 316 Re Mogul Stud Pty Ltd [2012] NSWSC 1639 Sharp v Blank [2015] EWHC 3220 (Ch) Southern Cross Mine Management Pty Ltd v Ensham Resources Pty Ltd [2003] QSC 402; [2004] 2 Qd R 207; (2004) 22 ACLC 724 Sze Tu v Lowe (2014) 89 NSWLR 317; [2014] NSWCA 462 Tanwar Enterprises Pty Ltd v Cauchi (2003) 217 CLR 315; [2003] HCA 57 Whitehouse v Carlton Hotel Pty Limited (1987) 162 CLR 285; [1987] HCA 11 Young v Homes [2013] NSWSC 580 Texts Cited: Law Reform Commission, First Report on the Limitation of Actions (No 3, 31 October 1967) Winston Churchill, 'The Russian Enigma', BBC Broadcast, 1 October 1939 Category: Principal judgment Parties: Paul Maurice Davis (First Plaintiff) John Adam Davis (Second Plaintiff) Jil Winifred Davis (Third Plaintiff) Kay Mary Davis (Fourth Plaintiff) Anne Oslington Collins (Fifth Plaintiff) Canberra Babington Pty Limited (First Defendant) Anthony Henry Babington Lees (Second Defendant) Venetia Babington Lees (Third Defendant) Jeffrey Noel Babington Lees (Fourth Defendant) Vesta Pty Ltd (Fifth Defendant) Perpetual Trustee Company Limited (Sixth Defendant) Representation: Counsel: Mr B Phillips (First to Fifth Plaintiffs) Mr C Harris SC (First Defendant) Mr M Bonnell, Solicitor (Second to Fifth Defendants) Mr A McInerney SC (Sixth Defendant)