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Hislop v Paltar Petroleum Ltd (No 3) [2017] FCA 1253

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CORPORATIONS - application for leave under s 237 of the Corporations Act 2001 (Cth) to bring proceedings on behalf of and in the name of a company - allegations of equitable fraud, breaches of fiduciary duty, misleading and deceptive conduct and unconscionable conduct against directors and another - whether proposed proceedings in the best interests of the company - whether serious question to be tried - whether application brought in good faith - whether appropriate to grant leave in the absence of 14 days' notice - leave granted

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