Woodhouse (Administrator), in the matter of Panoramic Resources Limited [2024] FCA 22

Federal Court of Australia

Woodhouse (Administrator), in the matter of Panoramic Resources Limited [2024] FCA 22 File number: WAD 9 of 2024

Judgment of: BANKS-SMITH J

Date of judgment: 19 January 2024

Catchwords: CORPORATIONS - administration - Savannah Nickel Project - group of companies - application under s 439A of the Corporations Act 2001 (Cth) for extension of time for convening second meetings of creditors - complex administration with active sale process underway - applicable principles - extension granted

Legislation: Corporations Act 2001 (Cth) ss 435A, 437D, 439A, 440B, 447A, Part 5.3A Insolvency Practice Rules (Corporations) 2016 (Cth) r 75-225

Cases cited: Algeri (Administrator), in the matter of Murray & Roberts Pty Ltd (Administrators Appointed) (No 2) [2022] FCA 1563 Algeri, in the matter of WBHO Australia Pty Ltd (Administrators Appointed) (No 2) [2022] FCA 234 Diamond Press Australia Limited [2001] NSWSC 313 In the matter of Harrisons Pharmacy Pty Limited (Administrators Appointed) (Receivers and Managers Appointed) [2013] FCA 458 In the matter of Renex Holdings (Dandenong) 1 Pty Ltd (administrators appointed) [2015] NSWSC 2002 In the matter of Riviera Group Pty Ltd (admins apptd) (recs and mgrs apptd) [2009] NSWSC 585 Mighty River International Limited v Hughes [2018] HCA 38; (2018) 265 CLR 480 Nipps (Administrator) v Remagen Lend ADA Pty Ltd, in the matter of Adaman Resources Pty Ltd (Administrators Appointed) (No 2) [2021] FCA 577 Shaw and Albarran (Joint and Several Administrators of Home Art Building Group Pty Ltd (Administrators Appointed)) v Home Art Building Group Pty Ltd (Administrators Appointed) [2016] WASC 274 Strawbridge, in the matter of Virgin Australia Holdings Ltd (administrators appointed) (No 2) [2020] FCA 717