Application of Pegasus Gold Australia [1999] NSWSC 954

New South Wales Supreme Court CITATION : Application of Pegasus Gold Australia [1999] NSWSC 954 CURRENT JURISDICTION : Equity FILE NUMBER(S) : 3136 of 1999 HEARING DATE(S) : 26 August 1999, 6 September 1999 JUDGMENT DATE : 20 September 1999

Bateman Project Engineering Pty. Limited (Applicant) Kilborn Engineering Pacific Pty. Ltd (Applicant) Kinhill Pacific Pty Ltd (Applicant) PARTIES : James Artis-Smith (Applicant) Malcolm Alexander Kinnaird (Applicant) Rick Pickle (Applicant) John Reginal Cavell Harris (Applicant) Peter Ivan Felix Geroff and Gregory Michale Moloney as Deed Administrators of Pegasus Gold Australia Pty. Limited (Respondents) JUDGMENT OF : Windeyer J at 1

Mr R.W. White, SC, with him Mr. J. Lockhart (Applicants except Harris) COUNSEL : Mr. R.J. Weber (Applicant Harris) Mr. M. Dempsey (Respondents) Tress Cocks and Maddox (Applicants except Harris) SOLICITORS : Mallesons Stephen Jaques (Applicant Harris) Allen Allen & Hemsley (Respondents) CATCHWORDS : CORPORATIONS - management and administration - access to affidavit pursuant to s596C of Corporations Law - discretion of the court to grant leave - applicants failed to make out an arguable case as to improper purposes of administrators ACTS CITED : Corporations Law ss 9, 53(a), 596B, 596C, 596, 596C(2) Supreme Court Rules Pt36 r12 Hong Kong Bank v Murphy (1992) 28 NSWLR 12 Re British and Commonwealth Holdings Plc (Nos 1 and 2) [1992] Ch 342 Re Hugh J Roberts Pty Ltd (in liq) and Companies Act [1970] 2 NSWLR 582 CASES CITED : Re Moage Ltd (in liq) (1997) 25 ACSR 53 Re Southern Equities Corporation (in liq); Caboche v England (1997) 24 ACSR 582 Re Southern Equities Corporation Ltd (in liq); Bond and Another v England (1997) 25 ACSR 394 Simionato v Macks (1996) 19 ACSR 34 Worthley v England (1994) 52 FCR 69 DECISION : Application dismissed with costs