In the matter of 1derful Pty Limited (No 2) [2024] NSWSC 1670

Supreme Court New South Wales

Medium Neutral Citation: In the matter of 1derful Pty Limited (No 2) [2024] NSWSC 1670 Hearing dates: Last submissions 20 December 2024 Date of orders: 23 December 2024 Decision date: 23 December 2024 Jurisdiction: Equity - Corporations List Before: Black J Decision: Orders made to give effect to primary judgment. Catchwords: ORDERS – Whether declarations should be made – Date from which removal of receiver should take effect – Compensatory damages – Availability of and quantum of exemplary damages – Costs. Legislation Cited: - Australian Consumer Law, ss 21, 243 - Australian Securities & Investments Commission Act 2001 (Cth), ss 12CB, 12GD, 12GF, 12GM - Civil Procedure Act 2005 (NSW), ss 98, 100 - Corporations Act 2001 (Cth), ss 420A, 553C - Uniform Civil Procedure Rules 2005 (NSW), rr 42.1, 42.2, 42.5 Cases Cited: - Attorney-General (NSW) (Ex rel Corporate Affairs Commission) v Australian Softwood Forests Pty Ltd [1979] 2 NSWLR 73 - Brown v Stables Perisher Management Pty Ltd (No 2) [2022] NSWSC 902 - Cabport Pty Ltd v Marinchek (No 2) [2013] NSWCA 131 - Commonwealth v Gretton [2008] NSWCA 117 - Directed Electronics OE Pty Ltd v OE Solutions Pty Ltd (No 8) [2022] FCA 1404 - Directed Electronics OE Pty Ltd v OE Solutions Pty Ltd (No 10) [2023] FCA 1656 - E & J Gallo Winery v Lion Nathan Australia Pty Ltd (No 2) [2009] FCAFC 47 - Galati v Deans [2021] NSWSC 1094 - Gray v Motor Accident Commission (1998) 196 CLR 1 - Haiye Developments Pty Ltd v The Commercial Business Centre Pty Ltd [2022] NSWSC 937 - Hamod v State of New South Wales (2002) 188 ALR 659; [2002] FCAFC 97 - Harris v Digital Pulse Pty Ltd (2003) 56 NSWLR 298; [2003] NSWCA 10 - Ingot Capital Investments Pty Ltd v Macquarie Equity Capital Markets Ltd (No 7) (2008) 65 ACSR 324; [2008] NSWSC 199 - JR Consulting & Drafting Pty Ltd v Cummings [2014] NSWSC 1700 - Leichhardt Municipal Council v Green [2004] NSWCA 341 - Lukaszewicz v Polish Club Ltd [2019] NSWSC 595 - Neeta (Epping) Pty Ltd v Phillips (1974) 131 CLR 286; [1974] HCA 18 - Oshlack v Richmond River Council (1998) 193 CLR 72; [1998] HCA 11 - Re DCA Enterprises Pty Ltd [2023] NSWSC 11 - Re 1derful Pty Ltd [2024] NSWSC 1414 - State of NSW v Ibbett (2006) 229 CLR 638; [2006] HCA 57 - Uren v John Fairfax & Sons Pty Ltd (1966) 117 CLR 118 Texts Cited: - PW Young, C Croft and ML Smith, On Equity (Lawbook Co, 2009) Category: Consequential orders Parties: Luke Bunbury (First Plaintiff) St. Jean CF Pty Ltd (Second Plaintiff) 1derful Pty Ltd (recs apptd) (Third Plaintiff) The 1derful Group Pty Ltd (recs apptd) (Fourth Plaintiff) Fletch Capital Pty Ltd (First Defendant) Craig Seymour (Second Defendant) Michael Birch (Third Defendant) Mitchell Warren Ball (Fourth Defendant) Representation: Counsel: B DeBuse (Plaintiffs) E A Walker/A H Schatz (First and Second Defendants) A P Cheshire SC (Third Defendant)