The Panel has declined to make a declaration of unacceptable circumstances in response to an application dated 10 June 2011 from Mariner Corporation Limited. (see TP11/50).
The review Panel has accepted undertakings from the Chairman of Bentley Capital Limited, Mr Farooq Khan, and Database Systems Limited (DBS) and Mrs Ambreen Chaudhri (see annexures A and B) and has declined to make a declaration of unacceptable circumstances in response to an application dated 24 May 2011 by Bellwether Investments Pty Ltd and Mr Jim Craig in relation to the affairs of Bentley.
The Panel, Diana Chang, Byron Koster and Peter Scott (sitting President), made a declaration of unacceptable circumstances in relation to the affairs of Premium Income Fund.
The Panel today published the reasons for its decision on an application dated 11 May 2011 from Wellington Capital Limited as responsible entity for the Premium Income Fund (PIF) in relation to the affairs of PIF.
The Panel has received an application from Mariner Corporation Limited in relation to the affairs of Viento Group Limited. On 29 April 2011, Mariner acquired Viento shares vested in ASIC by the Panel in Viento Group Limited [2011] ATP 1 (see TP11/09). On 4 May 2011, Mariner requisitioned a meeting of Viento shareholders to replace directors.
The Panel, Stephen Creese, James Dickson and Jennifer Seabrook (sitting President), declined to conduct proceedings on an application by Mr Seager Rex Harbour in relation to the affairs of Mintails, after accepting an undertaking from Mintails.
The Panel today published the reasons for its decision on an application dated 17 May 2011 from Mr Seager Rex Harbour in relation to the affairs of Mintails Limited.
The Panel has accepted an undertaking from Mintails Limited (see TP11/46) and declined to conduct proceedings in response to an application dated 17 May 2011 from Mr Seager Rex Harbour in relation to the affairs of Mintails Limited (see TP11/35).
The Panel, Paula Dwyer (sitting President), David Friedlander and Mike Roche, accepted undertakings intended to remedy, as best they can, the unacceptable circumstances alleged in the application.