ASIC v Sydney Investment House Equities Pty Ltd & Ors [2006] NSWSC 1263

New South Wales Supreme Court

CITATION : ASIC v Sydney Investment House Equities Pty Ltd & Ors [2006] NSWSC 1263

HEARING DATE(S) : 21/11/06 JUDGMENT OF : Gzell J

EX TEMPORE JUDGMENT DATE : 11/21/2006

DECISION : Adjournment refused.

CATCHWORDS : PROCEDURE - Miscellanous procedural matters - Adjournments - Application for appointment of provisional liquidator of a company and receiver and manager of the assets of a number of trusts - Short service of interlocutory process and supporting affidavit - Defendants sought adjournment on basis of inadequate time to prepare - Facts within the knowledge of an individual defendant who controlled all the corporate defendants - Evidence that moneys raised from investors had found their way into the trusts - Evidence that the individual defendant has caused some corporate defendants to breach asset protection orders - Whether the adjournment should be granted

Australian Securities and Investments Commission - Plaintiff/Applicant Sydney Investment House Equities Pty Ltd - 1st Defendant/Respondent Sydney Investment House Capital Ltd - 2nd Defendant/Respondent Edwin James Goulding - 3rd Defendant/Respondent Stephen Geagea - 4th Defendant/Respondent PARTIES : Sydney Investment House Pty Ltd - 5th Defendant/Respondent Sydney Investment House (Newcastle) Pty Ltd- 6th Defendant/Respondent Sydney Investment House (Beaconsfield) Pty Ltd - 7th Defendant/Respondent Melbourne Investment House Pty Ltd - 8th Defendant/Respondent Melbourne Investment House (Hawthorn) Pty Ltd - 9th Defendant/Respondent Melbourne Investment House (Collingwood) Pty Ltd - 10th Defendant/Respondent AJEG Holding Pty Ltd -11th Respondent