CORPORATIONS – application pursuant to s 1323(1) of the Corporations Act 2001 (Cth) for the appointment of a receiver to the property of the defendant, alternatively for freezing orders – where the grounds relied upon to establish that such an order is necessary or desirable have existed for a considerable time without an application having been brought – where an impending sale of real property is for the purpose of paying secured creditors – necessity or desirability of orders sought to protect the plaintiffs’ interests not established – application dismissed
Original article available at: https://www.judgments.fedcourt.gov.au/judgments/Judgments/fca/single/2024/2024fca1232
For more information, see the original judgement.