In the matter of Thorn Group Limited [2023] NSWSC 1299

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Thorn Group Limited [2023] NSWSC 1299 Hearing dates: 20 October 2023 Date of orders: 20 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 208, 250B, 260B, 411, 1319 - Supreme Court (Corporations) Rules 1999 (NSW), rr 2.4, 3.2, 3.3, 3.4 Cases Cited: - Australian Securities Commission v Marlborough Gold Mines Ltd (1993) 177 CLR 485 - F T Eastment & Sons Pty Ltd v Metal Roof Decking Supplies Pty Ltd (1977) 3 ACLR 69 - Re Blackmores Ltd [2023] FCA 624 - Re Clough Ltd [2013] FCA 1149 - Re CSG Ltd [2019] NSWSC 1905 - Re CSR Ltd (2010) 183 FCR 358; [2010] FCAFC 34 - Re DWS Ltd [2020] FCA 1590 - Re ELMO Software Pty Ltd [2023] NSWSC 12 - Re Foundation Healthcare Ltd (2002) 42 ACSR 252; [2002] FCA 742 - Re Intega Group Ltd [2021] NSWSC 1434 - Re InvoCare Ltd [2023] NSWSC 1180 - Re Kidman Resources Ltd (2019) 375 ALR 760; [2019] FCA 1226 - Re Kyckr Ltd [2022] NSWSC 1316 - Re Newcrest Mining Ltd [2023] FCA 1080 - Re Nitro Software Ltd [2023] NSWSC 13 - Re Pendal Group Ltd (No 2) [2022] NSWSC 1648 - Re Permanent Trustee Co Ltd (2002) 43 ACSR 601 - Re PropTech Group Ltd [2022] FCA 1606 - Re ThinkSmart Ltd [2022] FCA 1314 - Re Villa World Ltd (2019) 139 ACSR 550; [2019] NSWSC 1207 Category: Principal judgment Parties: Thorn Group Limited (Plaintiff) Representation: Counsel: J C Giles SC (Plaintiff)