Bentley Capital Limited 01R - Second Application for Judicial Review [10/08/2011] The Takeovers Panel

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TP11/57
Wednesday, 10 August 2011

Bentley Capital Limited 01R - Second Application for Judicial Review

The Takeovers Panel has today been served with a second Federal Court application, also dated 2 August 2011, for judicial review of its decision to accept undertakings in Bentley Capital Limited 01R.

The second application for judicial review is by Mr Azhar Chaudhri and is made under section 5 of the Administrative Decisions (Judicial Review) Act 1977 (Cth) and section 39B(1A) of the Judiciary Act 1903 (Cth). The application seeks review of the decision by the review Panel to accept the undertakings offered by Mrs Ambreen Chaudhri, Data Base Systems Limited and Mr Farooq Khan.

Mr Chaudhri was not a party to the review Panel proceedings. Mr Chaudhri is the husband of Mrs Chaudhri, who has also sought judicial review of the review Panel's decision to accept undertakings (see TP11/56).

Bellwether Investments Pty Ltd and Mr Jim Craig, who brought the Panel applications, ASIC, Mr Khan, Mrs Chaudhri and Data Base are also named as respondents in the second application.

Allan Bulman
Director, Takeovers Panel
Level 10, 63 Exhibition Street
Melbourne VIC 3000
Ph: +61 3 9655 3597
allan.bulman@takeovers.gov.au