In the matter of Crestone Holdings Limited [2022] NSWSC 578

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Crestone Holdings Limited [2022] NSWSC 578 Hearing dates: 27 April 2022 Date of orders: 27 April 2022 Decision date: 12 May 2022 Jurisdiction: Equity - Corporations List Before: Black J Decision: Scheme of arrangement approved. 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 Atlas Iron Ltd (No 2) [2016] FCA 481 - Re Aventus Holdings Limited and Aventus Capital Limited as responsible entity of the Aventus Retail Property Fund [2022] NSWSC 266 - Re Aveo Group Ltd [2019] NSWSC 1679 - Re Central Pacific Minerals NL [2002] FCA 239 - Re Equinox Resources Ltd (2004) 49 ACSR 692; [2004] WASC 143 - Re NRMA Ltd (No 2) (2000) 156 FLR 412; [2000] NSWSC 408 - 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 (2010) 267 ALR 583; 77 ACSR 701; [2010] FCA 400 - Re Toll Holdings Ltd (No 2) [2015] VSC 236 Category: Principal judgment Parties: Crestone Holdings Limited (Plaintiff) Representation: Counsel: D F C Thomas SC (Plaintiff) P M Wood (Bidder) Solicitors: Allens (Plaintiff) Corrs Chambers Westgarth (Bidder) File Number(s): 2022/7377