Judgment
In the matter of HQP Corporation Ltd and in the matter of Direct Lending Income Feeder Fund Ltd - Judgment
[2025] CICA (Civ) 19
· Civ App 0016/2023; Civ App 0014/2024 · 2025-11-07
Whether misrepresentation claims by shareholders are barred from proof in liquidation (Houldsworth rule); Whether such claims, if provable, rank pari passu with or subordinate to other creditors; Whether contractual waterfalls in Articles of Association affect priority of misrepresentation claims.
Full metadata
| Neutral Citation | [2025] CICA (Civ) 19 |
|---|---|
| Cause Number | Civ App 0016/2023; Civ App 0014/2024 |
| Court | CICA (Civ) |
| Judge | Beatson JA, Field JA, Martin JA |
| Parties | In the matter of HQP Corporation Ltd and in the matter of Direct Lending Income Feeder Fund Ltd - Judgment |
| Judgment Date | 2025-11-07 |
| Subject | Whether misrepresentation claims by shareholders are barred from proof in liquidation (Houldsworth rule); Whether such claims, if provable, rank pari passu with or subordinate to other creditors; Whether contractual waterfalls in Articles of Association affect priority of misrepresentation claims. |
| Filename (current) | cica_016_of_hqp_and_cica_014_of_direct_lending_-_judgment.pdf |
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