In the matter of iCar Asia Limited [2021] NSWSC 1713

Supreme Court New South Wales

Medium Neutral Citation: In the matter of iCar Asia Limited [2021] NSWSC 1713 Hearing dates: 8 December 2021 Date of orders: 8 December 2021 Decision date: 29 December 2021 Jurisdiction: Equity - Corporations List Before: Black J Decision: Order made convening scheme meeting and approving the scheme booklet for distribution to shareholders. Catchwords: CORPORATIONS – Arrangements and reconstructions – Schemes of arrangement or compromise – Application under s 411 of the Corporations Act 2001 (Cth) for orders convening meeting of members to consider and, if thought fit, to agree to proposed scheme of arrangement – Whether requirements to order scheme meeting are satisfied. Legislation Cited: - Corporations Act 2001 (Cth), s 411, s 1319 Cases Cited: - Australian Securities Commission v Marlborough Gold Mines Ltd (1993) 177 CLR 485 at 504; (1993) 112 ALR 627; (1993) 10 ACSR 230; [1993] HCA 15 - F T Eastment & Sons Pty Ltd v Metal Roof Decking Supplies Pty Ltd (1977) 3 ACLR 69 - Re Abacus Funds Management Ltd (2006) 24 ACLC 211; [2005] NSWSC 1309 - Re Adelaide Bank Ltd [2007] FCA 1582 - Re Afterpay Ltd [2021] NSWSC 1435 - Re Anatolia Energy Ltd [2015] FCA 1134 - Re Anzon Australia Ltd [2008] FCA 309 - Re Ardent Leisure Ltd [2018] NSWSC 1665 - Re Atlas Iron Ltd (2016) 112 ACSR 554; [2016] FCA 366 - Re Australian Leisure and Entertainment Property Management Ltd [2021] NSWSC 1421 - Re Beadell Resources Ltd (No 2) [2019] WASC 53 - Re BINGO Industries Ltd [2021] NSWSC 798 - Re BIS Finance Pty Ltd [2017] NSWSC 1713 - Re Black Range Minerals Ltd [2015] FCA 1162 - Re Centrebet International Ltd [2011] FCA 870 - Re Coca-Cola Amatil Ltd [2021] NSWSC 270 - Re Cortona Resources Ltd [2012] FCA 1295 - Re Creso Pharma Ltd [2019] WASC 472 - Re CSR Ltd (2010) 183 FCR 358; (2010) 265 ALR 703; (2010) 77 ACSR 592; [2010] FCAFC 34 - Re Cytopia Ltd [2009] VSC 560 - Re David Jones Ltd (No 3) [2014] FCA 753 - Re Decimal Software Ltd [2018] FCA 1647 - Re DUET Finance Ltd [2017] NSWSC 415 - Re DWS Ltd [2020] FCA 1590 - Re Ellerston Global Investments Ltd [2020] NSWSC 879 - Re Foundation Healthcare Ltd (2002) 42 ACSR 252; [2002] FCA 742 - Re GBST Holdings Ltd [2019] NSWSC 1280 - Re Intega Limited [2021] NSWSC 1434 - Re Macquarie Private Capital A Ltd [2008] NSWSC 323 - Re Mainstream Group Holdings Ltd [2021] FCA 948 - Re Mirvac Funds Management Ltd [2014] NSWSC 1569 - Re NetComm Wireless Ltd (No 2) [2019] FCA 1109 - Re Nzuri Copper Ltd [2019] WASC 189 - Re Permanent Trustee Co Ltd (2002) 43 ACSR 601; [2002] NSWSC 1177 - Re Ranger Minerals Ltd (2002) 42 ACSR 582 at 592; [2002] WASC 207 - Re RXP Services Ltd [2021] FCA 38 - Re SFE Corporation Ltd [2006] FCA 670 - Re Spark Infrastructure RE Ltd [2021] NSWSC 1385 - Re Staging Connections Group Ltd [2015] FCA 1012 - Re TPG Telecom Ltd [2020] NSWSC 772 - Re Villa World Ltd [2019] NSWSC 1207 - Re Vocus Group Ltd [2021] NSWSC 630 - Re Wameja Ltd [2021] FCA 878 - Re Webcentral Group Ltd [2020] NSWSC 1279 - Re Windlab Ltd [2020] NSWSC 571 Category: Principal judgment Parties: iCar Asia Limited (Plaintiff) Representation: Counsel: IM Jackman SC (Plaintiff) D Thomas SC (Acquirer)