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Li v Ye [2024] NSWSC 1176 — Members’ Rights And Remedies & Winding Up — Barrister AI

Li v Ye

[2024] NSWSC 1176

Supreme Court of NSW

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Interrogate

Catchwords

1. Corporations
2. › members’ rights and remedies
3. › oppression
4. › power of court to order remedy
5. › where group of companies engaged in the timber industry
6. › where irretrievable break down in the relationship between various shareholders and directors of those companies
7. › where competing allegations of oppression
8. › plaintiffs’ allegations for the most part not made out
9. › defendant undoubtedly locked out of management of companies since November 2023
1. Corporations
2. › winding up
3. › where the group of companies is in a parlous financial state
4. › where the principal trading company in the group is likely, or is actually, insolvent
5. › where remedy sought by the plaintiffs would enable the group to trade and incur debts where there are reasonable grounds to suspect insolvency
6. › where appropriate course to wind up the companies

Case Details

Citation[2024] NSWSC 1176

CourtNSWSC

JurisdictionNew South Wales

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The full text is available to signed-in members, including the 4 later cases that cite this judgment.

Cited by4

2026In the matter of Shield Resources Pty Ltd (In Liquidation) and Shield Holdings South Australia Pty Ltd (In Liquidation)NSWSC 488
2025Li v YeNSWCA 227
2024WAM Active Limited v Keybridge Capital Limited (No 2)NSWSC 1496
2024Li v Ye (No 2)NSWSC 1421

Relies on49

2024In the matter of Pacific Plumbing Group Pty Ltd (in liq)NSWSC 34
2023Zhong v Shield Resources Pty LtdNSWSC 1611
2023Tzavaras v Tzavaras & Sons Pty LtdNSWCA 168
2021In the Matter of Custom Bus Australia Pty Limited (in liquidation)NSWSC 1036
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