NSW Caselaw
New South Wales Supreme Court
CITATION : In the matter of Lift Capital Partners Pty Ltd (admins apptd) [2008] NSWSC 446
HEARING DATE(S) : 6 May 2008
JUDGMENT DATE : 6 May 2008
JURISDICTION : Equity
JUDGMENT OF : Austin J
DECISION : Orders made extending convening period to 9 July 2008 and permitting administrators to hold meeting of creditors at any time within the extended convening period and the 5 business days thereafter
CATCHWORDS : CORPORATIONS - voluntary administration - extension of convening period under s 439A(6) - where time is needed to clarify complex facts and creditors' rights, so that creditors can be given useful information and expressions of opinion in the administrators' report and at the meeting - whether order should be made under s 447A(1) to permit administrators to hold creditors' meeting within the extended convening period and the 5 business days thereafter
LEGISLATION CITED : Corporations Act 2001 (Cth), ss 439A, 447A
Beconwood Securities Pty Ltd v ANZ Banking Group Ltd [2008] FCA 594 Mann v Abruzzi Sports Club Limited (1994) 12 ACLC 137 CASES CITED : Re Daisytek Australia Pty Ltd (2003) 45 ACSR 446 Re Pan Pharmaceuticals Ltd (admins apptd) (2003) 46 ACSR 77 Re TPE Kintech Pty Ltd (admin apptd); ex parte Carter (as admin) (2004) 49 ACSR 106 Re Tracker Software (Aust) Pty Ltd (admin apptd) (1997) 24 ACSR 92
PARTIES : Lift Capital Partners Pty Ltd (admins apptd) (ACN 111 015 500) (First Plaintiff) Lift Capital Nominees No 1 Pty Ltd (admins apptd) (ACN 112 913 532) (Second Plaintiff)
FILE NUMBER(S) : SC 2661/08
COUNSEL : J C Sheahan SC with M J Darke (First & Second Plaintiff)
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