In the matter of InvoCare Limited [2023] NSWSC 1180

Supreme Court New South Wales

Medium Neutral Citation: In the matter of InvoCare Limited [2023] NSWSC 1180 Hearing dates: 22 September 2023 Date of orders: 22 September 2023 Decision date: 29 September 2023 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 260A, 411, 608, 609, 1319 - Supreme Court (Corporations) Rules 1999 (NSW), r 3.4 Cases Cited: - F T Eastment & Sons Pty Ltd v Metal Roof Decking Supplies Pty Ltd (1977) 3 ACLR 69 - Re Asaleo Care Ltd [2021] FCA 406 - Re Australian Leisure and Entertainment Property Management Ltd [2021] NSWSC 1421 - Re Aventus Holdings Ltd and Aventus Capital Ltd as responsible entity of Aventus Retail Property Fund [2021] NSWSC 1711 - Re Centro Retail Ltd and Centro MCS Manager Ltd in its capacity as Responsible Entity of Centro Retail Trust [2011] NSWSC 1321 - Re Citadel Group Ltd [2020] FCA 1580 - Re DDH1 Ltd [2023] FCA 982 - Re DuluxGroup Ltd (2019) 136 ACSR 546; [2019] FCA 961 - Re Essential Metals Ltd [2023] FCA 240 - Re Huon Aquaculture Group Ltd [2021] FCA 1170 - Re Over Wire Holdings Ltd [2022] FCA 26 - Re ResApp Health Ltd [2022] NSWSC 1014 - Re ResApp Health Ltd [2022] NSWSC 1353 - Re RXP Services Ltd [2021] FCA 38 - Re Templeton Global Growth Fund Ltd [2021] NSWSC 1169 - Re Tesserent Ltd [2023] FCA 969 - Re Uniti Group Ltd (2022) 160 ACSR 602; [2022] FCA 671 - Re Vita Group Ltd (2023) 165 ACSR 576; [2023] FCA 400 - Re Walsh & Company Investments Ltd [2020] NSWSC 1746 - Re Westfield Holdings Ltd (2004) 49 ACSR 734; [2004] NSWSC 458 - Sovereign Life Assurance Co v Dodd [1892] 2 QB 573 Category: Principal judgment Parties: InvoCare Ltd (Plaintiff) Eternal Aus BidCo Pty Ltd (Bidder) Representation: Counsel: D Thomas SC (Plaintiff) J Sheahan KC/R Jameson (Bidder)