In the matter of Healthia Limited (No 2) [2023] NSWSC 1519

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Healthia Limited (No 2) [2023] NSWSC 1519 Hearing dates: 29 November 2023 Date of orders: 29 November 2023 Decision date: 07 December 2023 Jurisdiction: Equity - Corporations List Before: Black J Decision: Orders made approving a scheme of arrangement. 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), ss 250N, 250P, 411, 412, 1319 Cases Cited: - Re Billabong International (No 2) [2018] FCA 496 - Re Boart Longyear Ltd (No 2) (2017) 122 ACSR 437; [2017] NSWSC 1105 - Re ELMO Software Ltd (No 2) [2023] NSWSC 81 - Re Healthia Limited [2023] NSWSC 1296 - Re InvoCare Ltd (No 2) [2023] NSWSC 1350 - Re Pendal Group Ltd (No 3) [2023] NSWSC 14 - Re Permanent Trustee Co Ltd (2002) 43 ACSR 601 - Re Seven Network Ltd (No 3) (2010) 267 ALR 583 - Re Staging Connections Group Ltd (No 2) [2015] FCA 1102 - Sierra Mining Ltd, in the matter of Sierra Mining Ltd [2014] FCA 694 - Snowside Pty Ltd as trustee for the Snowside Trust v Boart Longyear Ltd (2017) 122 ACSR 291; [2017] NSWCA 215 Category: Principal judgment Parties: Healthia Limited (Plaintiff) Harold BidCo Pty Ltd (Bidder) Representation: Counsel: I M Izzo SC/E Bathurst (Plaintiff) J Williams SC (Bidder)