In the matter of iCar Asia Limited (No 2) [2022] NSWSC 75

Supreme Court New South Wales

Medium Neutral Citation: In the matter of iCar Asia Limited (No 2) [2022] NSWSC 75 Hearing dates: 2 February 2022 Date of orders: 2 February 2022 Decision date: 09 February 2022 Jurisdiction: Equity - Corporations List Before: Black J Decision: Orders made approving a 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 Anaconda Nickel Holdings Pty Ltd (2003) 44 ACSR 229 - Re Atlas Iron Ltd (No 2) [2016] FCA 481 - Re Aveo Group Ltd [2019] NSWSC 1679 - Re Central Pacific Minerals NL [2002] FCA 239 - Re David Jones Limited (No 3) [2014] FCA 753 - Re Equinox Resources Ltd (2004) 49 ACSR 692 - Re GBST Holdings Ltd [2019] NSWSC 1280 - Re iCar Asia Ltd [2021] NSWSC 1713 - Re NRMA Ltd (No 2) (2000) 156 FLR 412; (2000) 34 ACSR 261; [2000] NSWSC 408 - Re Prime Infrastructure Holdings Ltd [2010] NSWSC 1337 - 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 Ltd (No 3) (2010) 77 ACSR 701; [2010] FCA 400 - Re Windlab Ltd [2020] NSWSC 936 Category: Principal judgment Parties: iCar Asia Limited (Plaintiff) Representation: Counsel: IM Jackman SC (Plaintiff) D Thomas SC (Acquirer)