Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Woodings, in the matter of the Bell Group Limited (No 2) [2016] FCA 1126 File number(s): WAD 572 of 2015
Judge(s): MCKERRACHER J
Date of judgment: 14 September 2016
Catchwords: CORPORATIONS – approval of further funding and indemnity agreement – where approval required because obligations under the proposed further funding and indemnity agreement will continue for more than three months – where group of companies – whether the liquidator may properly and justifiably cause each of the companies to enter into and perform the proposed funding and indemnity agreement – power to grant the directions and authorisation sought under s 477(1)(c) – power to authorise each of the companies to enter into and perform the proposed funding and indemnity agreement under s 477(2)(m)
Legislation: Corporations Act 2001 (Cth) ss 472(5), 477(1)(c), 477(2)(m), 477(2B)
Cases cited: Bell Group NV (in liq) v Western Australia [2016] HCA 21 Commissioner of Taxation v 4 Doonan Street Collinsville Pty Ltd (In Liq) [2016] NSWCA 69 Federal Commissioner of Taxation v Australian Building Systems Pty Ltd (in liq) [2015] HCA 48 Re HIH Insurance Ltd [2010] NSWSC 404 Woodings, in the matter of the Bell Group Limited [2016] FCA 369
Date of hearing: Determined on the papers
Date of last submissions: 27 July 2016
Registry: Western Australia
Division: General Division
National Practice Area: Commercial and Corporations
Sub-area: Corporations and Corporate Insolvency
Category: Catchwords
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