Application pursuant to rule 23.01 of the Supreme Court (General Civil Procedure) Rules 2015 (Vic) to permanently stay proceeding – Court’s inherent jurisdiction – Alternative application pursuant to r.62.04 of the Supreme Court (General Civil Procedure) Rules 2015 (Vic) or in exercise of the Court’s inherent jurisdiction to dismiss proceeding for failure to give security or for want of prosecution – Alternative application pursuant to s 1335 of the Corporations Act 2001 and r.62.02(l) of the Rules, or ss.45-l(l) or ss.90-15 of Schedule 2 that plaintiffs’ claims be stayed until plaintiffs provide security for defendants’ costs in an amount and on terms approved by the Court – Proceeding permanently stayed on the ground that it is an abuse of process.
