In the matter of DSHE Holdings Limited (recs and mgrs apptd) (in liq) [2018] NSWSC 82

Supreme Court New South Wales

Medium Neutral Citation: In the matter of DSHE Holdings Limited (recs and mgrs apptd) (in liq) [2018] NSWSC 82 Hearing dates: 5 February 2018 Decision date: 09 February 2018 Jurisdiction: Equity - Corporations List Before: Black J Decision: Order that leave be granted to the First and Second Plaintiff to commence proceedings against company in liquidation. Catchwords: CORPORATIONS – Order sought for leave under s 500(2) of the Corporations Act 2001 (Cth) to proceed with a claim against company in voluntary liquidation – where leave is being sought to commence class action that overlaps with existing class action proceedings - whether leave should be granted to bring claim. Legislation Cited: - Corporations Act 2001 (Cth), ss 500, 674, 728, 1041E, 1041H - Civil Procedure Act 2005, pt 10 - Supreme Court (Corporations) Rules 1999 (NSW), r 2.13 Cases Cited: - Altinova Nominees Pty Ltd v Leveraged Capital Pty Ltd (recs and mgrs apptd) (in liq) (No 2) [2009] FCA 42 - Applied Leasing Centre Australia Pty Ltd v Shepard [2011] FCA 443 - Eopply New Energy Technology Co Ltd v EP Solar Pty Ltd [2013] FCA 356 - Foxcroft v The Ink Group Pty Ltd (1994) 15 ACSR 203 - Global Partners Fund Ltd v Babcock & Brown (in liq) [2010] NSWSC 270; (2010) 267 ALR 144 - Global Partners Fund Ltd v Babcock & Brown (in liq) [2010] NSWCA 196; (2010) 79 ACSR 383 - HFPS Pty Ltd (Trustee) v Tamaya Resources Ltd (in liq) (No 1) [2016] FCA 442 - Latimer v Cutwood Panels Pty Ltd (in liq) [2012] WASC 408 - McKay Super Solutions Pty Ltd (Trustee) v Bellamy's Australia Ltd [2017] FCA 947 - Re AJ Benjamin Ltd (in liq) [1969] 2 NSWR 374; (1969) 90 WN (Pt 1) (NSW) 107 - Re Gordon Grant & Grant Pty Ltd [1983] 2 Qd R 314; (1983) 7 ACLR 669; (1983) 1 ACLC 742 - Rushleigh Services Pty Ltd v Forge Group Ltd (in liq) (recs and mgrs apptd) [2016] FCA 1471 - Smith v Australian Executor Trustees Ltd [2016] NSWSC 17 - Swaby v Lift Capital Partners Pty Ltd (in liq) [2009] FCA 749; (2009) 72 ACSR 627 Category: Principal judgment Parties: Epaminondas Mastoris (First Plaintiff) Lena Mastoris (Second Plaintiff) DSHE Holdings Limited (recs and mgrs apptd) (in liq) Haliburton Charles David Findlay (Interested Party) Marian Jennifer Denny Findlay (Interested Party) Representation: Counsel: D L Williams SC/A H Edwards (Plaintiffs) V Whittaker (Defendant) C H Withers/E B S Ball (Interested Parties)