Airtrain Holdings Limited, in the matter of Airtrain Holdings Limited (No 2) [2013] FCA 377

FEDERAL COURT OF AUSTRALIA

Airtrain Holdings Limited, in the matter of Airtrain Holdings Limited (No 2) [2013] FCA 377 Citation: Airtrain Holdings Limited, in the matter of Airtrain Holdings Limited (No 2) [2013] FCA 377

Parties: AIRTRAIN HOLDINGS LIMITED ACN 113 062 463

File number: QUD 35 of 2013

Judge: REEVES J

Date of judgment: 18 March 2013

Catchwords: CORPORATIONS – scheme of arrangement – approval of the scheme under s 411(4) of the Corporations Act 2001 (Cth) – whether s 411(4)(a) has been satisfied – whether the Court's approval should be given under s 411(4)(b) – whether the company should be relieved under s 411(12) of its obligations under s 411(11) – whether s 411(17) has been satisfied

Legislation: Corporations Act 2001 (Cth)

Cases cited: Airtrain Holdings Limited, in the matter of Airtrain Holdings Limited [2013] FCA 209 Centro Properties Ltd and Another v PricewaterhouseCoopers (2011) 86 ACSR 584; [2011] NSWSC 1465 In re Alabama, New Orleans, Texas and Pacific Junction Railway Company [1891] 1 Ch 213 In the matter of Stork ICM Australia Pty Ltd; Stork ICM Australia Pty Ltd v Stork Food Systems Australasia Pty Ltd [2006] FCA 1849 Re CSR Ltd (2010) 183 FCR 358; [2010] FCAFC 34 Re Equinox Resources Ltd (ACN 060 581 777) (2004) 49 ACSR 692; [2004] WASC 143 Re NRMA Ltd No 5131 of 1999 (2000) 33 ACSR 595; [2000] NSWSC 82 Re Permanent Trustee Co Ltd (2002) 43 ACSR 601; [2002] NSWSC 1177 Re Seven Network Ltd (ACN 052 816 789) (No 3) (2010) 267 ALR 583; [2010] FCA 400 Texon Petroleum Limited, in the matter of Texon Petroleum Limited (No 2) [2013] FCA 147