Nine Entertainment Group Limited, in the matter of Nine Entertainment Group Limited (No 1) [2012] FCA 1464

FEDERAL COURT OF AUSTRALIA

Nine Entertainment Group Limited, in the matter of Nine Entertainment Group Limited (No 1) [2012] FCA 1464 Citation: Nine Entertainment Group Limited, in the matter of Nine Entertainment Group Limited (No 1) [2012] FCA 1464

Parties: NINE ENTERTAINMENT GROUP LIMITED ACN 122 201 905 and PAR LENDERS AND HEDGE COUNTERPARTIES IDENTIFIED IN THE INTERLOCUTORY APPLICATION FILED ON 17 DECEMBER 2012 and GOLDMAN SACHS and SUPPORTING SENIOR LENDERS IDENTIFIED IN NOTICE OF APPEANCE FILED 1 DECEMBER 2012 and UBS AG

File number: NSD 2079 of 2012

Judge: JACOBSON J

Date of judgment: 20 December 2012

Catchwords: CORPORATIONS – creditors' scheme – first court hearing – opposition to convening meeting – creditors required to accept shares in company in substitution for debt – composition of classes of creditors

Legislation: Corporations Act 2001 (Cth), ss 231, 260A, 411

Cases cited: Anzon Australia Limited, in the matter of Anzon Australia Limited [2007] FCA 2079 Australian Securities Commission v Marlborough Gold Mines Limited (1993) 177 CLR 485 Isles v Daily Mail Newspaper Ltd (1912) 14 CLR 193 Re Alabama, New Orleans, Texas and Pacific Junction Railway Company (1890) 1 Ch 213 Re Bulong Nickel Pty Ltd [2002] 42 ACSR 52 Re City of Melbourne Bank (in liq) (1897) 19 ALT 80 Re Crusader Limited [1995] 1 Qd R 117 Re Empire Mining Company (1890) 44 Ch D 402 Re Hills Motorway Ltd (2002) 43 ACSR 101 Re Hunter Resources Limited (1992) 34 FCR 418 Re Jax Marine Pty Limited [1967] 1 NSWR 145 Re NRMA Limited (No 1) (2000) 156 FLR 349 Re Opes Prime Stockbroking Ltd (No 2) (2009) 73 ACSR 385 Re Seven Network Limited (No 3) (2010) 267 ALR 583 Sovereign Life Assurance Co v Dodd [1892] 2 QB 573