Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Hayes, in the matter of Parcelpoint Pty Ltd (Administrator Appointed) [2022] FCA 1136 File number(s): NSD 795 of 2022
Judgment of: HALLEY J
Date of judgment: 20 September 2022
Date of publication of reasons: 23 September 2022
Catchwords: CORPORATIONS – application by administrator pursuant to ss 439A and 447A of the Corporations Act 2001 (Cth) to extend the period in which a second meeting of creditors must be convened – where two offers to purchase assets of the company – where possible Deed of Company Arrangement – where extension of time will grant administrator time to make an informed recommendation to creditors – application granted
Legislation: Corporations Act 2001 (Cth) ss 439A, 447A, 439A Federal Court of Australia Act 1976 (Cth) ss 37AF Insolvency Practice Rules (Corporations) 2016 (Cth) s 75-225
Cases cited: Algeri, in the matter of WBHO Australia Pty Ltd (admins appointed) (No 2) [2022] FCA 234 Caddy, in the matter of Khaled El-Sheikh Pty Ltd (Administrators Appointed) [2022] FCA 703 In the matter of Gunns Plantations Limited (Administrators Appointed) (Receivers and Managers Appointed) (ACN 091 232 209) [2012] VSC 513 Kaso, in the matter of Speedpanel Australia Ltd (Administrators Appointed) (No 2) [2017] FCA 862 In the matter of Riviera Group Pty Ltd (admins apptd)(recrs & mgrs apptd) (2009) 72 ACSR 35; [2009] NSWSC 585 Strawbridge, in the matter of Virgin Australia Holdings Ltd (Administrators appointed) (No 2) (2020) 144 ACSR 347; [2020] FCA 717
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