In the matter of BINGO Industries Limited [2021] NSWSC 911

Supreme Court New South Wales

Medium Neutral Citation: In the matter of BINGO Industries Limited [2021] NSWSC 911 Hearing dates: 15 July 2021 Date of orders: 15 July 2021 Decision date: 27 July 2021 Jurisdiction: Equity - Corporations List Before: Black J Decision: Orders made approving the scheme of arrangement. Catchwords: CORPORATIONS – Arrangements and reconstructions – Schemes of arrangement or compromise – Application under s 411 of the Corporations Act 2001 (Cth) for orders approving scheme of arrangement – Where formal requirements satisfied – Whether scheme of arrangement should be approved. Legislation Cited: Corporations Act 2001 (Cth), s 411 Cases Cited: - Re Alabama, New Orleans, Texas and Pacific Junction Railway Co [1891] 1 Ch 213 - Re Atlas Iron Ltd (No 2) [2016] FCA 48 - Re Aveo Group Ltd [2019] NSWSC 1679 - Re BINGO Industries Limited [2021] NSWSC 798 - Re Central Pacific Minerals NL [2002] FCA 239 - Re NRMA Ltd (No 2) (2000) 156 FLR 412; [2000] NSWSC 408 - Re Permanent Trustee Co Ltd (2002) 43 ACSR 601; [2002] NSWSC 1177 - Re Redcape Property Fund Ltd and Trust Company (RE Services) Ltd (as the responsible entity for the Redcape Property Trust) [2012] NSWSC 486 - Re Seven Network (No 3) (2010) 77 ACSR 701; [2010] FCA 400 - Re Solution 6 Holdings Ltd (2004) 50 ACSR 113; [2004] FCA 1049 - Re TriAusMin Ltd (No 2) [2014] FCA 833 - Re Toll Holdings Ltd (No 2) [2015] VSC 236 Category: Principal judgment Parties: BINGO Industries Limited (Plaintiff) Representation: Counsel: I M Jackman SC (Plaintiff) J R Williams SC (Acquirer)