In the matter of Cenntro Electric Group Ltd [2024] NSWSC 180

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Cenntro Electric Group Ltd [2024] NSWSC 180 Hearing dates: 14, 16 February 2024 Date of orders: 14, 16 February 2024 Decision date: 29 February 2024 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, 1322 Cases Cited: - Re Atlantic Gold NL (No 2) [2014] FCA 869 - Re Cenntro Electric Group Ltd [2023] NSWSC 1644 - Re Cirrus Networks Holdings Ltd (No 2) [2023] NSWSC 1436 - Re CSG Ltd [2019] NSWSC 1905 - Re Estia Health Ltd [2023] NSWSC 1256 - Re InvoCare Ltd (No 2) [2023] NSWSC 1350 - Re Spark Infrastructure Holdings No 1 Ltd & Ors (2010) 79 NSWLR 756; [2010] NSWSC 1497 - Re Surf Lakes Holdings Ltd (No 2) [2023] FCA 1601 - Re Tronox Ltd (No 2) [2019] FCA 681 - Re Vimy Resources Ltd [No 2] [2022] WASC 257 - Re WPP AUNZ Ltd [2021] NSWSC 520 Texts Cited: - T Damian and A Rich, Schemes, Takeovers and Himalayan Peaks (4th ed), The University of Sydney, Ross Parsons Centre of Commercial, Corporate and Taxation Law, 2021 Category: Principal judgment Parties: Cenntro Electric Group Limited (Plaintiff) Representation: Counsel: M Izzo SC (Plaintiff)