Federal Court of Australia
Federal Court of Australia
Sev.en Gamma a.s v IG Power (Callide) Pty Ltd (Administrators Appointed) (No 2) [2024] FCA 184 File number(s): QUD 541 of 2023
Judgment of: COLLIER J
Date of judgment: 5 March 2024
Catchwords: CORPORATIONS – application for orders justifying special purpose administrators' entrance into Deed of Funding and Indemnity - s 447A Corporations Act 2001 (Cth) – whether special purpose administrators required to consult general purpose administrators before disclosing confidential information - whether creditors may apply to Court for re-determination of remuneration – para 60-5 to 60-12 of Insolvency Practice Schedule – orders allowed in part
Legislation: Corporations Act 2001 (Cth) s 447A, Sch 2 Federal Court of Australia Act 1976 (Cth) s 37AF Federal Court (Corporations) Rules 2000 (Cth) r 9.2 Insolvency Practice Rules (Corporations) 2016 (Cth) s 70-45
Cases cited: Sev.en Gamma a.s. v IG Power (Callide) Pty Ltd (Administrators Appointed) [2024] FCA 30
Division: General Division
Registry: Queensland
National Practice Area: Commercial and Corporations
Sub-area: Corporations and Corporate Insolvency
Number of paragraphs: 30
Date of hearing: 26 February 2024
Counsel for the Applicant: Mr C Johnstone
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