Strawbridge, in the matter of Virgin Australia Holdings Ltd (administrators appointed) (No 4) [2020] FCA 927

FEDERAL COURT OF AUSTRALIA

Strawbridge, in the matter of Virgin Australia Holdings Ltd (administrators appointed) (No 4) [2020] FCA 927 File number: NSD 464 of 2020

Judge: MIDDLETON J

Date of judgment: 2 July 2020

Date of publication of reasons: 3 July 2020 Catchwords: CORPORATIONS – application to modify administrators' personal liability – where administrators exposed to personal liability for proposed sale or recapitalisation transaction – whether to make orders modifying administrators' liability – application allowed CORPORATIONS – application to extend time for registration of security interests in respect of collateral on the Personal Property Securities Register – where administrators appointed – where security interest arises after appointment of administrators – whether to extend time for registration – whether extension of time will prejudice creditors – application allowed

Legislation: Corporations Act 2001 (Cth) Federal Court of Australia Act 1976 (Cth)

Cases cited: Dickerson, in the matter of McWilliam's Wines Group Ltd (Administrators Appointed) (No 2) [2020] FCA 417 Hill (Administrator) in the matter of Flow Systems Pty Ltd (Administrators Appointed) [2019] FCA 35 In the matter of RCR Tomlinson Ltd (administrators appointed) & Ors [2018] NSWSC 1859 Korda, in the mater of Ten Network Holdings Ltd (Administrators Appointed) (Receivers and Managers Appointed) [2017] FCA 1144 Park, in the matter of Surfstitch Group Ltd (Administrators Appointed) [2017] FCA 1244 Re Spyglass Management Group (admin apptd) (2004) 51 ACSR 432 Strawbridge, in the matter of Virgin Australia Holdings Ltd (administrators appointed) (No 2) [2020] FCA 717