In the matter of Ahmed & Associates (Aust) Pty Ltd [2021] NSWSC 499

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Ahmed & Associates (Aust) Pty Ltd [2021] NSWSC 499 Hearing dates: 27 and 28 April 2021 Decision date: 10 May 2021 Jurisdiction: Equity - Corporations List Before: Black J Decision: Proceedings dismissed. Parties to submit Short Minutes of Order, including as to costs. Catchwords: CORPORATIONS — Winding up — Voidable transactions – Whether factual basis for claims established. Legislation Cited: - Corporations Act 2001 (Cth), ss 131, 181, 182, 553C, 588FB, 588FC, 588FDA, 588FE, 588FF - Evidence Act 1995 (Cth), ss 136, 140 Cases Cited: - Aztech Science Pty Ltd v Atlanta Aerospace (Woy Woy) Pty Ltd (2006) 55 ACSR 1; [2005] NSWCA 319 - Briginshaw v Briginshaw (1938) 60 CLR 336; [1938] HCA 34 - Capital Finance Australia Ltd v Tolcher (2007) 164 FCR 83; (2007) 64 ACSR 705; [2007] FCAFC 185 - Chew v R (1991) 4 WAR 21; (1991) 5 ACSR 473 - Crowe-Maxwell v Frost (2016) 91 NSWLR 414; (2016) 111 ACSR 583; [2016] NSWCA 46 - Neat Holdings Pty Ltd v Karajan Holdings Pty Ltd (1992) 110 ALR 449; (1992) 67 ALJR 170; [1992] HCA 66 - Re Colorado Products Pty Ltd (in prov liq) (2014) 101 ACSR 233; [2014] NSWSC 789 - Re Emanuel (No 14) Pty Ltd (in liq); Macks v Blacklaw & Shadforth Pty Ltd (1997) 147 ALR 281; (1997) 24 ACSR 292 - Re Employ (No 96) Pty Ltd (in liq) (2013) 93 ACSR 48; [2013] NSWSC 61 - Re RMATA Cutelli Pty Ltd (In Liq) [2018] NSWSC 382 - Smith (in his capacity as liquidator of Action Paintball Games Pty Ltd) v Starke (No 2) (2015) 109 ACSR 145; [2015] FCA 1119 - Trawl Industries of Australia Pty Ltd (recs and mgrs apptd) and Others v Effem Foods Pty Ltd (1992) 108 ALR 335 - Vasudevan v Becon Constructions (Australia) Pty Ltd (2014) 97 ACSR 627; [2014] VSCA 14 Category: Principal judgment Parties: Riad Tayeh and Suelen McCallum in their capacity as joint and several liquidators of Ahmed & Associates (Aust.) Pty Ltd (in liq) (First Plaintiff) Ahmed & Associates (Aust.) Pty Ltd (in liq) (Second Plaintiff) Ingleburn Medicos Pty Ltd (First Defendant) Ifran Rasul Malik (Second Defendant) Mamoona Irfan (Third Defendant) Representation: Counsel: Mr D K Ratnam (Plaintiffs) Mr A Moutasallem (Defendants)