In the matter of Centura Global Holdings Pty Ltd [2016] NSWSC 62

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Centura Global Holdings Pty Ltd [2016] NSWSC 62 Hearing dates: 22, 23 December 2015, 25 January 2016 Decision date: 12 February 2016 Jurisdiction: Equity - Corporations List Before: Black J Decision: Orders for rectification of records maintained by ASIC – Orders that the Defendants' Cross-Claim be dismissed. The Defendants (as defined in paragraph 1) to pay the costs of and incidental to the proceedings, as agreed or as assessed. The parties to bring in short minutes of order within 14 days. Catchwords: CORPORATIONS – Application for rectification of records maintained by ASIC – where change to shareholding and directors recorded in ASIC's register of companies was invalid – whether the court has power to order rectification of registers maintained by ASIC – application of s 1322(4) of the Corporations Act 2001 (Cth).

EQUITY – equitable remedies – specific performance – application for order for specific performance requiring the Plaintiff to transfer shares in a company to the Defendants. Legislation Cited: - Corporations Act 2001 (Cth), ss 175, 1274, 1274A, 1322 - Corporations Regulations 2001 (Cth), regs 9.1.01, 9.1.02 Cases Cited: - County Securities Pty Ltd v Challenger Group Holdings Pty Ltd [2008] NSWCA 193 - Demetriou v Gusdote Pty Ltd [2010] FCA 581; (2010) 78 ACSR 566 - Fazio v Fazio [2012] WASCA 72 - Grant v John Grant & Sons Pty Ltd [1950] HCA 54; (1950) 82 CLR 1 - Hightime Investments Pty Ltd v Adamus Resources Ltd [2012] WASC 295 - In the application of Roderick McKay Sutherland and Suel Arnautovic [2014] NSWSC 821 - Lym International Pty Ltd v Marcolongo [2011] NSWCA 303 - Mears v Safecar Security Ltd [1983] QB 54 - Miltonbrook Pty Ltd v Westbury Holdings Kiama Pty Ltd [2008] NSWCA 38; (2008) 71 NSWLR 262 - Peninsula Gold Pty Ltd v Sunbeam Victa Holdings Ltd (1996) 20 ACSR 553 - Re Botanical Water Holdings Pty Ltd; Agao Nominees Pty Ltd v AJ Phoenix Pty Ltd [2013] VSC 96 - Re DJG Equities Pty Ltd [2014] NSWSC 194 - Re Kit Digital Australia Pty Ltd (in liq) [2014] NSWSC 1547 - Re MIG Property Services Pty Ltd (No 2) [2012] VSC 606; (2012) 92 ACSR 234 - The Bell Group Ltd (in liq) v Westpac Banking Corporation (No 9) [2008] WASC 239 - Watson v Foxman (1995) 49 NSWLR 315 Category: Principal judgment Parties: Valentino Kovacic (Plaintiff) Centura Global Holdings Pty Ltd (First Defendant) Nicholas Kalantzis (Second Defendant) Constantine Kalantzis (Third Defendant) Andrea Kalantzis (Fourth Defendant) Buildcon Constructions Pty Limited (Fifth Defendant) Brokers Property Holdings Pty Limited (Sixth Defendant) Representation: Counsel: A Fernon (Plaintiff) D Allen (Second to Sixth Defendants)