The test for 'genuine dispute' under s 459H(1)(a) of the Corporations Law requires the court to undertake an investigation raising the same considerations as the 'serious question to be tried' criterion in interlocutory injunction applications. The applicant must show the dispute is bona fide and truly exists in fact, and that the grounds are real and not spurious, hypothetical, illusory or misconceived. The court is not required to undertake an extended inquiry or weigh the merits of the dispute; the applicant need only show evidence establishing a genuine dispute, not satisfy the court as to the merits of its claim.
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