Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Weston, in the matter of 7 Steel Distribution Pty Limited (ACN 131 352 364)(Administrators Appointed)(Receivers and Managers Appointed) [2010] FCA 344 Citation: Weston, in the matter of 7 Steel Distribution Pty Limited (ACN 131 352 264)(Administrators Appointed)(Receivers and Managers Appointed) [2010] FCA 344
Parties: PAUL GERARD WESTON AND DAVID GREGORY YOUNG IN THEIR CAPACITY AS JOINT AND SEVERAL ADMINISTRATORS OF 7 STEEL DISTRIBUTION PTY LIMITED (ACN 131 352 264) (ADMINISTRATORS APPOINTED)(RECEIVERS AND MANAGERS APPOINTED) and 7 STEEL DISTRIBUTION PTY LIMITED (ACN 131 352 264) (ADMINISTRATORS APPOINTED)(RECEIVERS AND MANAGERS APPOINTED)
File number(s): NSD 338 of 2010
Judge: JACOBSON J
Date of judgment: 1 April 2010
Catchwords: CORPORATIONS – Application to extend convening period for meeting of creditors – Retention of title claims to be resolved and negotiations for the sale of the business to continue – Orders sought will maximise the chances of a better return to the company's creditors
Legislation: Corporations Act 2001 (Cth) s 439A, Part 5.3A
Cases cited: Mentha, in the matter of Hans Continental Smallgoods Pty Ltd (Administrators Appointed) [2008] FCA 1933 cited Re Diamond Press Australia Pty Ltd [2001] NSWSC 313 followed Re ABC Learning Centres (admins apptd)(recs and mgrs apptd); Application by Walker and Another (No 8) (2009) 73 ACSR 478 followed
Date of hearing: 1 April 2010
Date of last submissions: 1 April 2010
Place: Sydney
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