Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Vickers, in the matter of J M Kelly Builders Pty Ltd (in liquidation) [2019] FCA 918 File number: QUD 257 of 2019
Judge: REEVES J
Date of judgment: 24 May 2019
Catchwords: CORPORATIONS – application under s 477(2B) of the Corporations Act 2001 (Cth) for approval to enter into a funding agreement – where the liquidators consider it is in the interests of the unsecured creditors to undertake a public examination of the affairs of the companies – where the liquidators lack sufficient funds to undertake said public examination – where the liquidators consider the terms of the proposed funding agreement are appropriate – approval granted
Legislation: Corporations Act 2001 (Cth) Federal Court of Australia Act 1976 (Cth)
Cases cited: Hughes, in the matter of Sales Express Pty Ltd (in Liq) [2016] FCA 423
Date of hearing: 24 May 2019
Registry: Queensland
Division: General Division
National Practice Area: Commercial and Corporations
Sub-area: Corporations and Corporate Insolvency
Category: Catchwords
Number of paragraphs: 9
Counsel for the Applicants: Mr DM Turner
Solicitor for the Applicants: Clayton Utz
ORDERS QUD 257 of 2019 IN THE MATTER OF J M KELLY BUILDERS PTY LTD (IN LIQUIDATION) ACN 009 801 665 AND THE PARTIES LISTED IN THE SCHEDULE TO THE ORIGINATING PROCESS DERRICK CRAIG VICKERS AND MICHAEL OWEN IN THEIR CAPACITY AS JOINT AND SEVERAL LIQUIDATORS OF J M KELLY BUILDERS PTY LTD (IN LIQUIDATION) ACN 009 801 665 First Applicants
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