White (Administrator), in the matter of Calidus Resources Limited (Receivers and Managers Appointed) (Administrators Appointed) [2024] FCA 827

Federal Court of Australia

White (Administrator), in the matter of Calidus Resources Limited (Receivers and Managers Appointed) (Administrators Appointed) [2024] FCA 827 File number: WAD 200 of 2024

Judgment of: BANKS-SMITH J

Date of judgment: 26 July 2024

Date of publication of reasons: 29 July 2024

Catchwords: CORPORATIONS - administration - group of companies - gold exploration and development - application under s 439A of the Corporations Act 2001 (Cth) for extension of time for convening second meetings of creditors - joint investigation and sale process to be undertaken with receivers and managers - assets and finances of respective companies interrelated - applicable principles - extension granted

Legislation: Corporations Act 2001 (Cth) ss 439A, 447A

Cases cited: Clubb (administrator), in the matter of Town Tavern Blacktown Pty Limited (administrators appointed) (receivers and managers appointed) [2024] FCA 405 In the matter of Daisytek Australia Pty Limited [2003] FCA 575 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 Re Chemeq Ltd (Administrators Appointed) (Receivers and Managers Appointed); Ex parte McMaster [2007] WASC 154 Strawbridge, in the matter of Virgin Australia Holdings Ltd (Administrators Appointed) (No 2) [2020] FCA 717 Tucker, in the matter of Aurora Metals Limited [2023] FCA 869 Woodhouse (Administrator), in the matter of Panoramic Resources Limited [2024] FCA 22