In the matter of TASK Group Holdings Limited (No 3) [2024] NSWSC 854

Supreme Court New South Wales

Medium Neutral Citation: In the matter of TASK Group Holdings Limited (No 3) [2024] NSWSC 854 Hearing dates: 9 July 2024 Date of orders: 9 July 2024 Decision date: 12 July 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), s 411 - Securities Act 1933 (US), s 3(a)(10) Cases Cited: - Re Central Pacific Minerals NL [2002] FCA 239 - Re Ellerston Global Investments Ltd [2020] NSWSC 1108 - Re Equinox Resources Ltd (2004) 49 ACSR 692; [2004] WASC 143 - Re InvoCare Ltd (No 2) [2023] NSWSC 1350 - Re Murchison Metals Ltd [2014] NSWSC 951 - Re Newcrest Mining Ltd (No 2) [2023] FCA 1251 - Re Permanent Trustee Co Ltd (2002) 43 ACSR 601; [2002] NSWSC 1177 - Re Seven Network (No 3) (2010) 267 ALR 583; [2010] FCA 400 - Re Signature Capital Investments Ltd (No 2) [2016] FCA 385 - Re Solution 6 Holdings Ltd (2004) 50 ACSR 113; [2004] FCA 1049 - Re TASK Group Holdings Ltd [2024] NSWSC 646 - Re TASK Group Holdings Ltd [2024] NSWSC 821 - Re Telstra Corporation Ltd (2022) 163 ACSR 543; [2022] NSWSC 1460 - Re The Trust Company Ltd [2013] NSWSC 1947 - Re TriAusMin Ltd (No 2) [2014] FCA 833 Category: Principal judgment Parties: TASK Group Holdings Limited (Plaintiff) Representation: Counsel: I Ahmed SC (Plaintiff) M A Izzo SC (Bidder)