Grain Technology Australia Ltd v Rosewood Research Pty Ltd (No 2)

[2019] NSWSC 1744

Supreme Court of NSW

Built by Barristers,
For Australian Law.

1. Equity
2. › Receivers and managers appointed by court over certain property
3. › Application for approval of Deed of Settlement and Release providing certain aspects condition upon “approval from the Court”
4. › where Receiver did not seek judicial advice or approval of Court in terms
5. › principles governing directions to receivers, judicial advice and administration proceedings
6. › proceedings resolved by agreement for direction that further deed be entered excluding requirement for approval by the Court.
1. Costs
2. › payment of plaintiff’s costs sought out of companies’ assets
3. › where cross-claim would not otherwise have been brought by company against directors
4. › where claim largely stood on work underpinning primary claim in proceedings
5. › costs accepted as appropriate by parties.