found an article about a liquidator,and ASIC pumped him------------------------ -----------------
AUSTRALIAN SECURITIES & INVESTMENTS COMMISSION v ROBERT JOHN EDGE - BC200703944
Supreme Court of Victoria — Commercial and Equity Division
Dodds-Streeton J
5120 of 2006
19, 20, 25, 26 September 2006, 2, 26 October 2006, 25 May 2007
ASIC v Edge [2007] VSC 170
CORPORATIONS — Corporations Act 2001 (Cth), ss 180, 438A, 439A, 444B, 446A(1)(b), 447E, 477(2)(k), 449E, 450A, 450B, 450C, 475, 476, 499(3), 504, 508, 509, 531, 533, 536, 537, 539, 542(2), 598, 1279, 1290, 1324 — Winding up — Duties of liquidator — Court inquiry into defendant’s conduct as liquidator — Improper delegation of duties — Failure to maintain proper books, including books of account — Failure to prepare and lodge prescribed documents, including six monthly and final accounts, minutes of meeting and s 533(1)(c) reports — Failure to advertise, convene and hold meetings, including final meetings — Unauthorised destruction of companies’ books and records — Undue prolongation of liquidations — Drawing remuneration without approval or adequate supporting documentation — Exaggerated claims of work done — Failure to open separate bank accounts — Intermingling of funds — Writing of cash cheques and cheques direct to liquidator’s business or creditors — Failure faithfully to perform duties as liquidator — Removal — Funds drawn without approval disgorged — Unfitness to remain liquidator — Voluntary Administration — Delegation of sending notices to director — Failure to prepare adequate s 439A reports — Failure to execute deeds of company arrangement — Failure to disclose prior association with director — Whether administrator’s management, acts or omissions prejudicial to interests of creditors or members.
Ah Toy v Registrar of Companies for the Northern Territory ; Burns Philp Investment Pty Ltd v Dickens (No 2) ; Commissioner for Corporate Affairs v Harvey ; GIS Electrical Pty Ltd v Melsom ; Hagenvale Pty Ltd v Depela Pty Ltd ; Malhotra v Tiwari ; National Australia Bank Ltd v Market Holdings Pty Ltd (in Liq) ; Northbourne Developments Pty Ltd v Reiby Chambers Pty Ltd ; O'Toole v Mitcham ; Pace v Antlers Pty Ltd (in liq) ; Re Day v Dent Constructions Pty Ltd (in liq)
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