In the matter of Ovato Print Pty Ltd [2020] NSWSC 1882

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Ovato Print Pty Ltd [2020] NSWSC 1882 Hearing dates: 18, 21 December 2020 Date of orders: 21 December 2020 Decision date: 21 December 2020 Jurisdiction: Equity - Corporations List Before: Black J Decision: Orders approving creditors' scheme and member's schemes and ancillary orders. Catchwords: CORPORATIONS – Arrangements and reconstructions – Schemes of arrangement or compromise – Applications under s 411 of the Corporations Act 2001 (Cth) for orders approving proposed schemes of arrangement Single member schemes to obtain ancillary relief under s 413 of the Corporations Act – Where certain creditors wrote letters of objection but did not appear Legislation Cited: - Corporations Act 2001 (Cth), ss 411, 412, 413 - Fair Entitlements Guarantee Act 2012 (Cth) Supreme Court (Corporations) Rules 1999 (NSW) Cases Cited: - Barrick (Australia Pacific Exploration) Pty Ltd v Barrick (PD) Australia Pty Ltd [2017] FCA 998 - Re Application of AGL Sydney Ltd (1994) 13 ACSR 597 - Re Atlas Iron Ltd (No 2) [2016] FCA 481 - Re BIS Finance Pty Ltd [2018] NSWSC 3 - Re Boart Longyear Ltd (No 2) (2017) 323 FLR 241; (2017) 122 ACSR 437; [2017] NSWSC 1105 - Re Buildmat (Australia) Ltd (1983) 1 NSWLR 291 - Re Capilano Honey Ltd (No 2) (2018) 132 ACSR 332; [2018] FCA 1925 - Re Centro Properties Ltd (in its capacity as responsible entity of Centro Property Trust) (2011) 86 ACSR 584; [2011] NSWSC 1465 - Re David Jones Ltd (No 3) (2014) 32 ACLC 14-037; [2014] FCA 753 - Re Investorinfo Ltd [2005] FCA 1848 - Re NRMA Ltd (2000) 156 FLR 349; (2000) 33 ACSR 595; [2000] NSWSC 82 - Re Opes Prime Stockbroking Ltd (2009) 179 FCR 20; (2009) 73 ACSR 385; [2009] FCA 813 - Re RBS Group (Australia) Pty Ltd (Unreported, 2 February 2012) - Re Seven Network Ltd (No 3) (2010) 267 ALR 583; [2010] FCA 400 - Re Universal Liquors Pty Ltd (1990) 5 ACSR 104 - Royal Victorian Institute for the Blind Ltd v RBS.RVIB.VAF Ltd (2004) 206 ALR 581; 22 ACLC 897; [2004] FCA 735 - Stork ICM Australia Pty Ltd v Stork Food Systems Australia Pty Ltd (2007) 25 ACLC 208 - Xceed Resources Ltd [2014] FCA 170 Texts Cited: T Damian & A Rich, Schemes, Takeovers and Himalayan Peaks, 3rd ed. Category: Principal judgment Parties: Ovato Print Pty Ltd (First Plaintiff) Ovato Limited (Second Plaintiff) Hannanprint NSW Pty Limited (Third Plaintiff) Hannanprint Victoria Pty Limited (Fourth Plaintiff) Inprint Pty Limited (Fifth Plaintiff) Ovato Print Cairns Pty Ltd (First Defendant) Ovato Packaging Pty Ltd (Second Defendant) Ovato Creative Services Geebung Pty Ltd (Third Defendant) The Independent Print Media Group Pty Limited (Fourth Defendant) and 67 other Defendants Representation: Counsel: Mr I Jackman SC/Ms S Scott (Plaintiffs)