Ingot Capital Investments & 5 Ors v Macquarie Equity Capital Markets Ltd & 12 Ors [2003] NSWSC 307

Reported Decision : (2003) 45 ACSR 224 (2003) 21 ACLC 833

New South Wales Supreme Court

CITATION : Ingot Capital Investments & 5 Ors v Macquarie Equity Capital Markets Ltd & 12 Ors [2003] NSWSC 307 HEARING DATE(S) : 04/04/03 JUDGMENT DATE : 4 April 2003

JURISDICTION: Equity Division Commercial List JUDGMENT OF : Einstein J DECISION : Leave to cross claim granted.

CATCHWORDS : Corporations Law - Application for leave to cross claim against company in liquidation - Discretion to grant leave - Associated curial proceedings Australian Securities and Investments Commission Act 1989 (Cth) Corporations Act 2001 (Cth) LEGISLATION CITED : Fair Trading Act 1987 (NSW) Supreme Court Act 1970 (NSW) Trade Practices Act 1974 (Cth) BHG Nominees Pty Ltd v Ellis Young Investments [Federal Court, Weinberg J 14 August 1998) Capita Financial Group Ltd v Rothwells (1989) 15 ACLR 348 Century Mercantile Co v Auckland Provincial Fruitgrowers" Co-operative Society Ltd [1921] NZLR 272 Crema (Vic) Pty Ltd v Aslor Pty Ltd (in liq) Mandie J Supreme Court of Victoria, 6 August 1997, SCVic 2045/97 Kentwood Constructions Ltd [1960] 1 WLR 646 CASES CITED : Ogilvie-Grant v East, (Liquidator of Gordon Grant and Grant Pty Limited) (1983) 7 ACLR 669 Phoenix Oil & Transport Co Ltd (No 2) [1958] 1 Ch 565 Simto Pty Ltd v Court as Liquidator of Carob Industries Pty Ltd (in liq) (1987) 138 FLR 232 Stewart v Intercity Distributors Ltd [1960] NZLR 944 The Queensland Mercantile Agency Co Ltd (1888) 58 LT 878, 879 Vagrand Pty Ltd (in liq) v Fielding (1993) 10 ACSR 373 Ingot Capital Investments Pty Limited (1st Plaintiff) AOIT Limited Company No. 3241668 (2nd Plaintiff) ASC Pty Limited (3rd Plaintiff) Australian Opportunities Investment Trust PLC (4th Plaintiff)