Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
McKinnon, in the matter of Specialised Concrete Pumping Victoria Pty Ltd (Administrators Appointed) [2016] FCA 325 File number: VID 160 of 2016
Judge: MIDDLETON J
Date of judgment: 23 March 2016
Catchwords: CORPORATIONS — application for extension of time to convene second meeting of creditors — administration with view to executing a deed of company arrangement — powers of Court — Corporations Act 2001 (Cth) ss 439A(6), 447A. CORPORATIONS – application for directions under Corporations Act 2001 (Cth) s 447D – whether administrators acting reasonably. CORPORATIONS — management and administration — orders sought for modification of operation of Corporations Act 2001 (Cth) s 443A for limitation of administrators' personal liability for intercompany loan accounts – whether interests of companies creditors best served by administrators' actions — whether creditors of company are prejudiced or disadvantaged by orders sought.
Legislation: Corporations Act 2001 (Cth) ss 435A, 439A, 443A, 443C, 447A, 447D
Cases cited: Algeri; Re Colorado Group Ltd [2011] VSC 260 Re Ansett Australia (No 1) (2002) 115 FCR 376 Re Carter; SFM Australasia Pty Ltd (Administrators Appointed) [2009] FCA 360 Re Daisytek Australia Pty Ltd (admin apptd) (2003) 45 ACSR 446 Re Idoport Pty Ltd (in liq) [2015] NSWSC 1412 Re Mentha (2010) 82 ACSR 142 Re Nexus Energy Ltd [2014] NSWSC 1041
Date of hearing: 23 March 2016
Registry: Victoria
We try to embed the page this law was scraped from. If the site blocks framing, you still get the link and a local excerpt.
Last checked with source on —
Checking whether the official page can be embedded…
Plain-English simplify of this law: a short summary, key points, and both sides of the argument. Generated on first view via Replicate, then cached. Vote on what helps your study.
No study brief is cached for this law yet. Sign up to generate a plain-English brief.
Sign up to generate