Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
ION Limited, in the matter of ION Limited (Subject to Deed of Company Arrangement) [2010] FCA 1119 Citation: ION Limited, in the matter of ION Limited (Subject to Deed of Company Arrangement) [2010] FCA 1119
Parties: ION LIMITED (SUBJECT TO DEED OF COMPANY ARRANGEMENT) (ACN 009 106 272) & OTHERS (ACCORDING TO THE ATTACHED SCHEDULE) and COLIN MCINTOSH NICOL AND PETER MCKENZIE ANDERSON & OTHERS (AS DEED ADMINISTRATORS OF THE ENTITIES NAMED IN THE ATTACHED SCHEDULE)
File number: VID 634 of 2010
Judge: DODDS-STREETON J
Date of judgment: 15 October 2010
Catchwords: CORPORATIONS – ASX listed company and its subsidiaries subject to pooled deeds of company arrangement – following Sons of Gwalia v Margaretic (2007) 231 CLR 160, deed administrators sought directions in relation to, inter alia¸ notifying new shareholder claimants of their potential right to lodge proofs of debt, existing shareholder creditors and general creditors of opportunity to revise proofs of debt and certain shareholder claimants of their entitlement to elect to prove for 80% of the value of their claim without providing specific details of causation – proposed provision of revised report to creditors – directions appropriate and made in the form sought
Legislation: Corporations Act 2001 (Cth) s 447D Corporations Regulations 2001 (Cth) r 5.6.48 Federal Court (Corporations) Rules 2000 (Cth) r 2.13
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