Araujo v Ready Fence (NSW) Pty Ltd [2012] NSWSC 420

Supreme Court New South Wales

Medium Neutral Citation: Araujo v Ready Fence (NSW) Pty Ltd [2012] NSWSC 420 Hearing dates: 16-19 April 2012 Decision date: 04 May 2012 Jurisdiction: Equity Division Before: Associate Justice Macready Decision: (1) I determine that the value of 47.2% of the shares in the first defendant is $598,277. I will hear the parties on costs. (2) Exhibits can be returned on the usual undertaking by the solicitors to retain them for the appeal period. Catchwords: CORPORATIONS - consent Short Minutes of Order made 14 March 2011 - order for acquisition of shares - valuation of shares required - valuation evidence Legislation Cited: Corporations Act 2001 (Cth) Cases Cited: Australian Maintenance & Cleaning Pty Limited v AMC Commercial Cleaning (NSW) Pty Limited [2011] NSWCA 103 Blatch v Archer (1774) 1 Cowp. Hampton Court Limited v Crooks [1957] HCA 28; (1957) 97 CLR 367 Morgan v Babbercock & Willcocks Limited [1929] HCA 25; (1929) 43 CLR 163 Category: Principal judgment Parties: Frances Araujo (First Plaintiff) John Hicks (Second Plaintiff) Ready Fence (NSW) Pty Limited (First Defendant) John Callaghan (Second Defendant) David Grant (Third Defendant) Representation: Counsel: CM Harris SC (First Plaintiff and Second Plaintiff) AA Henskens SC (First Defendant, Second Defendant and Third Defendant) Solicitors: Grech Partners (First Plaintiff and Second Plaintiff) Rob Baker & Associates (First Defendant, Second Defendant and Third Defendant) File Number(s): 2010/00144505