In the recent decision of Banerjee (Liquidator), in the matter of Eastside Formwork Pty Ltd (in liq) v Stojic[2022] FCA 1315, a liquidator succeeded in obtaining orders for a warrant to search for and seize books and records which had been concealed from the liquidator. The warrant was directed at the person deemed the guiding mind and will of the company in liquidation, who had repeatedly fobbed off requests for the production of all records of the company.
Key takeaways
- Courts will look to whether there has been a persistent pattern of non-cooperation and evasion when issuing a warrant for search and seizure.
- Liquidators should consider taking steps to compel production where blatantly incomplete records indicate the existence of fur…
Read the full article at: https://www.corrs.com.au/insights/shadow-director-faces-search-warrant-after-fobbing-off-liquidator-requests