In the matter of AJ Roberts Removals & Storage Pty Limited [2017] NSWSC 1054

Supreme Court New South Wales

Medium Neutral Citation: In the matter of AJ Roberts Removals & Storage Pty Limited [2017] NSWSC 1054 Hearing dates: 11 and 12 July 2017 Decision date: 11 August 2017 Jurisdiction: Equity - Corporations List Before: Black J Decision: The Court would order that the company be wound up and a liquidator be appointed, subject to proof of a liquidator's consent, and subject to any stay to allow the parties to achieve a negotiated resolution. Catchwords: CORPORATIONS — Members' rights and remedies — Oppression – whether Second Defendant's involvement in business contrary to agreement between shareholders – whether First Plaintiff improperly excluded from business and information – whether Defendants' conduct oppressive

CORPORATIONS — Members' rights and remedies — Oppression – Power of court to order remedy – where conduct has come to an end – where shares of no value – whether Defendants should indemnify Plaintiffs' guarantee of company's loan

CORPORATIONS — Winding up — Grounds for winding up – whether relationship between shareholders broken down – whether just and equitable that company be wound up Legislation Cited: - Corporations Act 2001 (Cth), ss 198F, 232–233, 290, 461, 467(4) Cases Cited: - Australian Institute of Fitness Pty Ltd v Australian Institute of Fitness (Vic/Tas) Pty Ltd (No 3) [2015] NSWSC 1639; (2015) 109 ACSR 369 - Australian Securities and Investments Commission v Vines [2005] NSWSC 738; (2005) 55 ACSR 617 - Belgiorno-Zegna v Exben Pty Ltd [2000] NSWSC 884; (2000) 35 ACSR 305 - Campbell v Backoffice Investments Pty Ltd [2008] NSWCA 95; (2008) 66 ACSR 359 - Campbell v Backoffice Investments Pty Ltd [2009] HCA 25; (2009) 238 CLR 304 - Cullen v CAC (NSW) (1988) 14 ACLR 789; 7 ACLC 121 - Ebrahimi v Westbourne Galleries Ltd [1973] AC 360 - Fexuto Pty Ltd v Bosnjak Holdings Pty Ltd [2001] NSWCA 97; (2001) 37 ACSR 672 - Hillam v Ample Source International Ltd (No 2) [2012] FCAFC 73; (2012) 202 FCR 336 - Holpitt Pty Ltd v Swaab (1992) 33 FCR 474; 105 ALR 421; 6 ACSR 488 - Hoy Mobile Pty Ltd v Allphones Retail Pty Ltd (No 2) [2008] FCA 810 - Joint v Stephens [2008] VSCA 210 - Morgan v 45 Flers Avenue Pty Ltd (1986) 10 ACLR 692 - Munstermann v Rayward [2017] NSWSC 133 - Nassar v Innovative Precasters Group Pty Ltd [2009] NSWSC 342; (2009) 71 ACSR 343 - O'Neill v Phillips [1999] 2 All ER 961; 1 WLR 1092 - Re Amazon Pest Control Pty Ltd [2012] NSWSC 1568 - Re Catombal Investments Pty Ltd [2012] NSWSC 775 - Re Ledir Enterprises Pty Ltd [2013] NSWSC 1332; (2013) 96 ACSR 1 - Thomas v HW Thomas Ltd [1984] 1 NZLR 686; (1984) 2 ACLC 610 - Tomanovic v Argyle HQ Pty Ltd [2010] NSWSC 152 - Tomanovic v Global Mortgage Equity Corporation Pty Ltd [2011] NSWCA 104; (2011) 84 ACSR 121 - Varma v Varma [2010] NSWSC 786; (2010) 6 ASTLR 152 - Victory Projects Pty Ltd v AAA Self Storage Pty Ltd [2016] NSWSC 1758 - Vines v Australian Securities and Investments Commission [2007] NSWCA 75; (2007) 73 NSWLR 451; 62 ACSR 1; 25 ACLC 448 - Watson v Foxman (1995) 49 NSWLR 315 - Wayde v New South Wales Rugby League Ltd [1985] HCA 68; (1985) 180 CLR 459 - Wilmar Sugar Australia Ltd v Mackay Sugar Ltd [2017] FCAFC 40 Category: Principal judgment Parties: Bradley Trent (First Plaintiff) Eraina Trent (Second Plaintiff) Kenneth James Bolton (First Defendant) Pauline Shumack (Second Defendant) AJ Roberts Removals & Storage Pty Limited (Third Defendant) Representation: Counsel: D C Price (Plaintiffs) A G Martin (Defendants)