NSW Caselaw
New South Wales Supreme Court
CITATION : Sub Rosa Holdings Pty Ltd v Salsa Sudada Production Pty Ltd [2006] NSWSC 916
HEARING DATE(S) : 03/08/06
JUDGMENT DATE : 8 September 2006
JURISDICTION : Equity Division Corporations List
JUDGMENT OF : Barrett J
DECISION : Grant of leave under s.237. Interlocutory process otherwise dismissed.
CATCHWORDS : CORPORATIONS - statutory derivative action - claim by one shareholder and two officers to bring claim on company's behalf not opposed by other shareholders and officers - whether s.237 criteria satisfied - INJUNCTIONS - interlocutory injunctions - where chargor seeks to restrain chargee from appointing receiver - chargor maintains no moneys secured - whether serious question to be tried - no action by chargor to pay into court moneys said by chargee to be secured - balance of convenience favours chargee
LEGISLATION CITED : Corporations Act 2001 (Cth), ss.236(1)(a), 237, 240, 459C, 459P, 472(6)
Ehsman v Nutectime International Pty Ltd [2006] NSWSC 887 CASES CITED : Inglis v Commonwealth Trading Bank of Australia (1972) 126 CLR 161 Roach v Winnote Pty Ltd (2006) 57 ACSR 138
Sub Rosa Holdings Pty Ltd - First Plaintiff Mohammed Reza Ashrafinia - Second Plaintiff Lachlan Ross Delaney - Third Plaintiff PARTIES : Salsa Sudada Production Pty Ltd - First Defendant Mafi Holdings Pty Ltd - Second Defendant Abraham Mafi - Third Defendant Stewart Bailey - Fourth Defendant
FILE NUMBER(S) : SC 2914/06
Mr G.P. George - Plaintiffs COUNSEL : Mr M.A. Ashhurst - Defendants Mr M. Rosenblatt, Solicitor - Provisional Liquidator
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