The discretion under s 596B is wide and is not limited to examinations that benefit the corporation, its creditors or contributories. Examination orders may properly be made where they might expose misconduct of interest to regulators, provide information to advance external administration, or enable a trustee for debenture holders to formulate proposals for the protection of noteholders' interests. A trust deed cannot curtail the statutory examination powers, though its terms may be relevant to whether the applicant has a legitimate interest in the enquiry. An examination order is not improperly made merely because it confers a forensic advantage on a particular creditor or was sought at that creditor's instance, provided the examination is not solely for the benefit of an individual with a private claim.
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