PRACTICE AND PROCEDURE – application for interlocutory injunction – applicant entered into agreements with first and fifth respondents for sale of business, issue of preference shares to fifth respondent, grant of security over assets of business, and company and personal guarantees – applicant defaulted on obligation to make payments to fifth respondent – applicant alleges respondents engaged in misleading and deceptive conduct and unconscionable conduct contrary to ss 18 and 21 of Australian Consumer Law – applicant alleges respondent misrepresented or concealed condition of business assets – applicant seeks to restrain first and fifth respondents from exercising contractual rights arising from applicant’s default pending determination of claims – interlocutory injunctions granted preventing first and fifth respondents from exercising certain rights
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Original article available at: https://www.judgments.fedcourt.gov.au/judgments/Judgments/fca/single/2025/2025fca0118
For more information, see the original judgement.
