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O'CALLAGHAN J: 1 This is an application by the plaintiff (Grogan) seeking orders that: (1) the Australian Securities and Investments Commission (ASIC) reinstate the registration of the company formerly known as SIRA Pty Ltd (SIRA) pursuant to s 601AH(2) of the Corporations Act 2001 (Cth) (Act); (2) on reinstatement, SIRA be wound up pursuant to s 461(1)(k) of the Act; and (3) John Lindholm and George Georges be appointed liquidators in the winding up of SIRA. 2 SIRA was incorporated to develop a technology to create healthier sugar from sugar cane. Mr Grogan, a shareholder of Grogan, was previously SIRA's Chief Executive Officer and one of its directors. Grogan was a 14.3% shareholder in SIRA. 3 At the hearing of the proceeding on 17 December 2020, Mr Mark Costello of counsel appeared on behalf of Grogan. Ms Catherine Gobbo of counsel appeared for Dr Kannar, who was also previously a director of SIRA. Ms Gobbo applied for an adjournment of the hearing, in order, among other things, to give Dr Kannar and possibly other ex-directors more time to consider their position, but I refused the application for reasons I gave at the hearing. 4 ASIC does not oppose the making of the orders. 5 Grogan relies on an affidavit of Mr Grogan sworn 9 December 2020, which deposes to SIRA's history and the circumstances by which it came to be deregistered. 6 Section 601AH(2) of the Act provides: (2) The Court may make an order that ASIC reinstate the registration of a company if: (a) an application for reinstatement is made to the Court by: (i) a person aggrieved by the deregistration; or (ii) a former liquidator of the company; and (b) the Court is satisfied that it is just that the company's registration be reinstated. 7 As to the meaning in this context of a "person aggrieved", in Brereton v Australian Securities and Investments Commission [2007] FCA 651 at [2] Finkelstein J explained: The expression 'person aggrieved', which is of wide import, has been interpreted to mean a person who has a genuine grievance because of prejudice suffered to his interest from the act complained of: Attorney-General of Gambia v N'Jie [1961] AC 617, 634. His interest must be a real and direct interest in the act or in the consequences of the act and he must be dissatisfied with it: Day v Hunter [1964] VR 845, 847, 849. The expression does not include a mere busy-body who is interfering in things that do not concern him: Deputy Commissioner of Taxation v Lanstel Pty Ltd (1996) 2 ACSR 314, 315-316. On the other hand, a person who is deprived of something or is adversely affected by the act is a 'person aggrieved': Re Formcrete Services Pty Ltd (1976) 2 ACLR 46, 48. 8 Further, in assessing whether a claimant is a person aggrieved "it is not necessary to embark upon a detailed and exhaustive analysis of the facts and the law underpinning the claim. The threshold is low. The assessment needs to be dealt with in a summary way. As long as the claim is not plainly hopeless and bound to fail, it should, subject to other relevant matters, proceed". See Re Brockweir Pty Ltd [2012] VSC 225 at [22] (Sifris J). See also generally Yeo v Australian Securities and Investments Commission, in the matter of Ji Woo International Education Centre Pty Ltd (deregistered) [2017] FCA 1480 at [11]ff (Gleeson J). 9 The requirement that reinstatement be just vests in the court a broad discretion. Relevant considerations include the circumstances in which the company was deregistered, the purpose in seeking its reinstatement, whether any person is likely to be prejudiced by reinstatement, and the public interest generally. See, by way of example only, Re ERB International Pty Ltd (deregistered) [2014] NSWSC 200 at [5] (Brereton J). 10 The gist of Grogan's concern set out in Mr Grogan's affidavit, and elaborated upon in Mr Costello's written and oral submissions, is that the other co-owners of SIRA, including Dr Kannar, may have diverted the benefit of the sugar technology from SIRA under cover of agreements ostensibly designed to facilitate further equity funding in SIRA by DELCOR Asset Management Pty Ltd (DELCOR). More specifically, that concern arises from: (i) the removal of Mr Grogan as CEO and a director of SIRA; (ii) an application for certain patents in the name of Mr Grogan's replacement as CEO, Dr Kannar; (iii) the transfer of those patents to a Singaporean entity controlled by Dr Kannar; and (iv) the compromise of debts owed by SIRA before its deregistration. 11 Grogan says that SIRA did not conduct a formal winding up process subject to the supervision of a liquidator. Rather, it says, Dr Kannar and DELCOR "informally" ceased SIRA's trading activities, and directly compromised with some creditors, returning only 3.95 cents in the dollar. 12 Grogan says that if the liquidators are appointed, they may enquire into the circumstances by which the intellectual property in the sugar technology was diverted and, if thought appropriate, bring relevant claims against SIRA's former directors. 13 I also note that Grogan provided an undertaking that it would provide $50,000 in funding to the liquidators to do so. 14 Applications of this type are concerned with the justice of reinstating the company, not the justice of any proceedings which it is proposed that the reinstated company might institute. Accordingly, courts do not resolve contested questions of fact relevant to any such possible proceedings. See, eg, Re ERB International Pty Ltd (deregistered) [2014] NSWSC 200 at [10] (Brereton J). 15 In this case, and especially given the particular nature of the concerns deposed to by Mr Grogan on behalf of Grogan, it would I think be undesirable to say more than I have already about the evidence. Compare Deputy Commissioner of Taxation v Australian Securities and Investments Commission [2010] FCA 1411; 81 ATR 456 at 464-465 [14] (Jagot J) (noting that it is "often not appropriate in an application for reinstatement to go into factual matters which may be the subject of dispute"). And as Gillard J said in Pilarinos v Australian Securities and Investments Commission [2006] VSC 301 at [22]: As a general proposition, it would be inappropriate for this Court, in an application [for reinstatement of a deregistered company], to go into any factual matters which may be the subject of dispute. If the company is reinstated and brings a proceeding … then the parties to that litigation will have available to them the full armoury of the law to enable them to ascertain all relevant facts, to test the other party's case and to make submissions on the law after having a full opportunity of presenting their cases. 16 It may be in this case that there are factual matters which will be disputed. It is sufficient, therefore, for present purposes to say that the evidence deposed to by Mr Grogan in his affidavit clearly establishes that Grogan has a real interest in a genuine grievance, viz that intellectual property that was the property of SIRA ended up in the hands of a Singaporean company controlled by Dr Kannar, which was to the detriment of Grogan. 17 In those circumstances, it is obviously just that a liquidator, who is independent of Dr Kannar, be appointed to investigate the matter. 18 And there is no conceivable relevant prejudice to SIRA, because Grogan will fund the liquidators. 19 A contributory has standing to apply for an order to wind up a company, and the court may make such an order if the court "is of opinion that it is just and equitable that the company be wound up" (s 461(1)(k) of the Act). 20 In my view, a winding up order on the just and equitable ground should be made in this case, because "the substratum of the company" has gone, and those formerly interested in the company obviously do not wish it to continue (because they facilitated its deregistration). See, by way of example only, CGU Workers Compensation (NSW) Ltd v Rockwall Interiors Pty Ltd (2006) 201 FLR 296 at 298 [22]-[23] (Barrett J). Further, as Grogan submitted, for an order for reinstatement to have any utility, it is necessary that there be someone appointed to control the company and investigate the circumstances of its informal winding up, and the obvious candidate is a liquidator. 21 Accordingly, I will make the orders that Grogan seeks. I certify that the preceding twenty-one (21) numbered paragraphs are a true copy of the Reasons for Judgment of the Honourable Justice O'Callaghan.