In the matter of Global Food Equipment Pty Ltd (under administration); Carter v Global Food Equipment Pty Ltd [2007] NSWSC 901

Reported Decision : (2007) 25 ACLC 1,173

New South Wales Supreme Court

CITATION : In the matter of Global Food Equipment Pty Ltd (under administration); Carter v Global Food Equipment Pty Ltd [2007] NSWSC 901

HEARING DATE(S) : 29 June 2007

JUDGMENT DATE : 29 June 2007

JURISDICTION : Equity Division Corporations List

JUDGMENT OF : White J

EX TEMPORE JUDGMENT DATE : 29 June 2007

DECISION : 1. Make orders in accordance with paras 1, 2 and 3 of the originating process; 2. Grant liberty to apply to any person who can demonstrate sufficient interest to vary these orders on reasonable notice to the plaintiffs; 3. These orders may be entered forthwith; 4. Exhibit PC1 may be returned.

CATCHWORDS : CORPORATIONS - Voluntary administration - Creditor's meeting - Time to convene and extensions of time - Discussion of applicable principles - Policy behind Part 5.3A of the Corporations Act 2001 (Cth) - Extension granted. - (Cth) Corporations Act 2001, ss 435A, 437A, 439A and 447A

LEGISLATION CITED : Corporations Act 2001 (Cth)

Re Pan Pharmaceuticals [2003] FCA 598 Re New Horizons Pty Limited [2004] NSWSC 253 Re Diamond Press Australia Pty Ltd [2001] NSWSC 313 CASES CITED : Re WC Penfold; Ex parte Lombe [2004] NSWSC 248 Re Daisytek Australia Pty Ltd (2003) 45 ACSR 446 Re Henry Walker Eltin Group Ltd [2005] FCA 316 Re Pan Australia Shipping Pty Ltd [2006] FCA 1464 Re Fincorp Group Holdings Pty Limited [2007] NSWSC 363

In the matter of Global Food Equipment Pty Ltd (under administration); PARTIES : Phillip Patrick Carter v Global Food Equipment Pty Ltd