In the matter of Ansarada Group Limited [2024] NSWSC 411

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Ansarada Group Limited [2024] NSWSC 411 Hearing dates: 12 April 2024 Date of orders: 12 April 2024 Decision date: 18 April 2024 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 Cases Cited: - Re Absolute Equity Performance Fund Ltd [2022] FCA 933 - Re Asaleo Care Ltd [2021] FCA 406 - Re Blackgold International Holdings Ltd [2017] FCA 601 - Re Ellerston Global Investments Ltd [2020] NSWSC 879 - Re ELMO Software Ltd [2023] NSWSC 12 - Re Essential Metals Ltd [2023] FCA 1101 - Re Investa Listed Funds Management Ltd as responsible entity for the Armstrong Jones Office Fund and the Prime Credit Property Trust [2018] NSWSC 1766 - Re Kidman Resources Ltd [2019] FCA 1226; - Re Sirtex Medical Ltd (2019) 375 ALR 760; [2018] FCA 1315 - Re Spark Infrastructure RE Ltd (2021) 156 ACSR 257; [2021] NSWSC 1385 - Re Trust Co (Re Services) Ltd as responsible entity of VitalHarvest Freehold Trust [2021] NSWSC 108 - Re Villa World Ltd (2019) 139 ACSR 550; [2019] NSWSC 1207 - Re Vocus Group Ltd [2021] NSWSC 630 - Re WOTSO Ltd; Re Blackwall Fund Services Ltd as responsible entity of Blackwall Property Trust [2021] NSWSC 21 Category: Principal judgment Parties: Ansarada Group Limited (Plaintiff) Representation: Counsel: M Izzo SC/J E Taylor (Plaintiff) N Bender SC (Bidder)