In the matter of Sirrah Pty Ltd [2018] NSWSC 1802

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Sirrah Pty Ltd [2018] NSWSC 1802 Hearing dates: 13 November 2018 Decision date: 13 November 2018 Jurisdiction: Equity - Corporations List Before: Black J Decision: The Plaintiffs are granted leave under s 237 of the Corporations Act 2001 (Cth) to bring the derivative action on behalf of the First Defendant. Catchwords: CORPORATIONS – membership, rights and remedies – derivative action – application for grant of leave by shareholders to bring derivative proceedings on behalf of the company under Corporations Act 2001 (Cth) s 237 – whether plaintiffs acting in good faith in bringing proceedings – whether in the best interests of company that plaintiffs be granted leave – whether proposed proceedings involve a serious question to be tried. Legislation Cited: - Corporations Act 2001 (Cth) ss 79, 180, 181, 182, 237, 247A, 1317H, 1317K Cases Cited: - Cassegrain v Gerard Cassegrain and Co Pty Ltd [2008] NSWSC 976; (2008) 68 ACSR 132 - Huang v Wang [2016] NSWCA 164 - Lewis Securities Ltd (in liq) v Carter [2018] NSWCA 118; (2018) 355 ALR 703 - Re Gladstone Pacific Nickel Ltd [2011] NSWSC 1235; (2011) 86 ACSR 432 - Re JGS Investment Holdings Pty Ltd [2014] NSWSC 1532 - Re Legal Practice Management Group Pty Ltd [2018] NSWSC 527 - Swansson v RA Pratt Properties Pty Ltd [2002] NSWSC 583; (2002) 42 ACSR 313 - Taxa Australia Pty Ltd v Wang [2016] NSWSC 1913 Category: Principal judgment Parties: Gregory Thomas Harris as Executor of the Estate of the Late Aileen Joyce Harris (First Plaintiff) Monica Mary Brown as Executor of the Estate of the Late Aileen Joyce Harris (Second Plaintiff) Sirrah Pty Limited (First Defendant) William Francis Harris (Second Defendant) Michelle Joy Harris (Third Defendant) Harris Healthcare Pty Limited (Fourth Defendant) Representation: Counsel: S A Wells/J R Anderson (Plaintiffs) A Smorchevsky (Second – Fourth Defendants)