In the matter of Thorn Group Limited (No 2) [2023] NSWSC 1523

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Thorn Group Limited (No 2) [2023] NSWSC 1523 Hearing dates: 30 November 2023 Date of orders: 30 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 411, 1319 Cases Cited: - Re Cirrus Networks Holdings Ltd (No 2) [2023] NSWSC 1436 - Re ELMO Software Ltd (No 2) [2023] NSWSC 81 - Re InvoCare Ltd (No 2) [2023] NSWSC 1350 - Re iSelect Ltd (No 2) (2022) 166 ACSR 41; [2022] FCA 1528 - 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 - Re Telstra Corporation Ltd (No 2) (2022) 163 ACSR 543; [2022] NSWSC 1460 - Re Thorn Group Ltd [2023] NSWSC 1299 - Sierra Mining Ltd, in the matter of Sierra Mining Ltd [2014] FCA 694 Category: Principal judgment Parties: Thorn Group Limited (Plaintiff) Representation: Counsel: J C Giles SC (Plaintiff)