The majority shareholder of a company challenged a resolution by its directors under s 436A of the Corporations Act 2001 (Cth) to place the company into administration on the grounds of insolvency on the basis that the directors did not have a genuine belief as to insolvency or were alternatively acting pursuant to an extraneous, improper purpose.
Matthew Jones appeared for the applicant, instructed by Hopgood Ganim.
The judgment is published here.
