NSW Caselaw
New South Wales Supreme Court
CITATION : J Aron Corporation v Newmont Yandal [2005] NSWSC 238
HEARING DATE(S) : 14-16 March 2005
JUDGMENT DATE : 24 March 2005
JURISDICTION : Equity
JUDGMENT OF : Austin J
DECISION : Question 1 for separate determination answered "yes"; questions 2-8 answered "does not arise"
CATCHWORDS : CORPORATIONS - voluntary administration - creditors' meeting to resolve that the company execute a deed of company arrangement - 14 companies in corporate group - concurrent meetings - whether creditors entitled to vote with respect to each company by virtue of deed of cross-guarantee - single resolution passed - whether effective in respect of each of the 14 group companies - effect of chairman's abstention from voting of proxies
Corporations Act 2001 (Cth) s 439A LEGISLATION CITED : Corporations Regulations, regs 5.6.20, 5.6.21, 5.6.23
Barclays Bank Ltd v TOSG Trust Fund Ltd [1984] 1 AC 626 Bovis Lend Lease Pty Ltd v Wily (2003) 45 ACSR 612 Codelfa Construction Pty Ltd v State Rail Authority (1982) 149 CLR 337 Expile Pty Ltd v Jabb's Excavations Pty Ltd [2004] NSWSC 284 J Aron Corporation v Newmont Yandal [2004] NSWSC 1145 Jarbin Pty Ltd v Clutha Ltd (in liq) (2004) 208 ALR 242 CASES CITED : Mentha v GE Capital Ltd (1997) 27 ACSR 696 Myer Queenstown Garden Plaza Pty Ltd v City of Port Adelaide (1975) 11 SASR 504 Re Buckleys Earthmoving Pty Ltd (in liq) (1995) 15 ACSR 732 Re JN Taylor Holdings Ltd (in liq) (1991) 6 ACSR 187 Selim v McGrath (2003) 47 ACSR 537 Vincent, White & Associates Pty Ltd v Vouris (1998) 28 ACSR 93 Westpac Banking Corporation v Gollin & Co Ltd [1988] VR 397
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