In the matter of Cirrus Networks Holdings Ltd [2023] NSWSC 1298

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Cirrus Networks Holdings Ltd [2023] NSWSC 1298 Hearing dates: 17 October 2023 Date of orders: 17 October 2023 Decision date: 31 October 2023 Jurisdiction: Equity - Corporations List Before: Black J Decision: Order convening scheme meeting and associated orders made. 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 411, 1319 - Supreme Court (Corporations) Rules 1999 (NSW), r 3.4 Cases Cited: - First Pacific Advisers LLC v Boart Longyear Ltd (2017) 121 ACSR 136 - FT Eastment & Sons Pty Ltd v Metal Roof Decking Supplies Pty Ltd (1977) 3 ACLR 69 - Re Absolute Equity Performance Fund Ltd [2022] FCA 933 - Re Australian Leisure and Entertainment Property Management Ltd [2021] NSWSC 1421 - Re Beyond International Ltd [2022] NSWSC 1649 - Re Cashcard Australia Ltd (2004) 48 ACSR 738 - Re Edge Minerals Ltd [2022] WASC 395 - Re Ellerston Global Investments Ltd [2020] NSWSC 879 - Re ELMO Software Pty Ltd [2023] NSWSC 12 - Re Foster's Group Ltd (No 2) [2011] VSC 547 - Re Intecq Ltd [2016] NSWSC 1429 - Re Intega Group Ltd [2021] NSWSC 1434 - Re InvoCare Ltd [2023] NSWSC 1180 - Re Hills Motorway Ltd (2002) 43 ACSR 101 - Re Kidman Resources Ltd (2019) 375 ALR 760 - Re Kyckr Ltd [2022] NSWSC 1316 - Re Murchison Metals Ltd [2014] NSWSC 951 - Re Over the Wire Holdings Ltd [2022] FCA 26 - Re Pendal Group Ltd (No 2) [2022] NSWSC 1648 - Re Telstra Corporation Ltd [2022] NSWSC 1180 - Re Vault Intelligence [2020] FCA 1342 - Re Viralytics Ltd [2018] FCA 637 Category: Principal judgment Parties: Cirrus Networks Holdings Limited (Plaintiff) Atturra Holdings Pty Ltd (Bidder) and Atturra Ltd Representation: Counsel: J Williams SC/J Taylor (Plaintiff) J Giles SC (Bidder and Atturra Ltd)