In the matter of PTB Group Limited [2022] NSWSC 1494

Supreme Court New South Wales

Medium Neutral Citation: In the matter of PTB Group Limited [2022] NSWSC 1494 Hearing dates: 10 October 2022 Date of orders: 10 October 2022 Decision date: 02 November 2022 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), ss 249R, 411 Cases Cited: - F T Eastment & Sons Pty Ltd v Metal Roof Decking Supplies Pty Ltd (1977) 3 ACLR 69 - Re BINGO Industries Ltd [2021] NSWSC 798 - Re Dulux Group Ltd [2019] FCA 961 - Re DWS Ltd [2020] FCA 1590 - Re Foundation Healthcare Ltd (2002) 42 ACSR 252 - Re GBST Holdings Ltd [2019] NSWSC 1280 - Re Mainstream Group Holdings Ltd [2021] FCA 948 - Re MyDeal.com.au Ltd [2022] NSWSC 1094 - Re Permanent Trustee Co Ltd (2002) 43 ACSR 601 - Re RXP Services Ltd [2021] FCA 38 - Re Tassal Group Ltd [2022] NSWSC 1414 - Re Villa World Ltd [2019] NSWSC 1207 - Re Windlab Ltd [2020] NSWSC 571 Category: Principal judgment Parties: PTB Group Limited (Plaintiff) Representation: Counsel: M Oakes SC (Plaintiff) B Ng (Acquirers)