Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
ION Limited, in the matter of ION Limited (Subject to Deed of Company Arrangement) [2011] FCA 1513 Citation: ION Limited, in the matter of ION Limited (Subject to Deed of Company Arrangement) [2011] FCA 1513
Parties: ION LIMITED (SUBJECT TO DEED OF COMPANY ARRANGEMENT) (ACN 009 106 272) AND OTHERS NAMED IN SCHEDULE 1 and KEITH ALEXANDER CRAWFORD, PETER MCKENZIE ANDERSON AND OTHERS (AS DEED ADMINISTRATORS OF ENTITIES NAMED IN SCHEDULE 1)
File number: VID 1391 of 2011
Judge: DODDS-STREETON J
Date of judgment: 20 December 2011
Catchwords: CORPORATIONS – Deeds of company arrangement –Application by deed administrators for directions and orders justifying declaration of further distributions under deeds of company arrangement, without provisioning for successful appeals against rejection of proofs by shareholders whose time to appeal had expired – Deeds of company arrangement empowered deed administrators to make proposed distributions – No applicable statutory restriction – Appropriate to make directions in terms sought
Legislation: Corporations Act 2001 (Cth) ss 444A, 447D, 554A, 1321 Corporations Regulations 2001 (Cth) regs 5.3A.06, 5.6.43A, 5.6.54, Schedule 8A Federal Court (Corporations) Rules 2000 r 14.1
Date of hearing: 20 December 2011
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