In the matter of Sirius Corporation Limited (administrators appointed) and others [2013] NSWSC 2003

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Sirius Corporation Limited (administrators appointed) and others [2013] NSWSC 2003 Hearing dates: 18 September 2013 Decision date: 18 September 2013 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Judgment delivered that orders will be made extending convening period for a second meeting of creditors. Plaintiff to provide short minutes of order consistent with the judgment. Catchwords: CORPORATIONS - management and administration - meetings - creditors' meeting - application for orders to extend the convening period for a second meeting of creditors - whether the proposed extension of time would cause prejudice to creditors. Legislation Cited: Corporations Act 2001 (Cth) ss 439A, 439A(4), 439A(6), 447A, Pt 5.3A Cases Cited: - Mann v Abruzzi Sports Club Ltd (1994) 12 ACSR 611 - Owen Re RiverCity Motorway Pty Ltd (admins apptd) (recs and mgrs apptd) v Madden [2011] FCA 295 - Owen Re RiverCity Motorway Pty Ltd (admins apptd) (recs and mgrs apptd) v Madden (No 4) [2012] FCA 1491; (2012) ACSR 255 - Re Diamond Press Australia Pty Ltd [2001] NSWSC 313 - Re Riviera Group Pty Ltd (admins apptd) (recs and mgrs apptd) [2009] NSWSC 585; (2009) 72 ACSR 352 - Sylvia Re Austcorp Group Ltd (admin apptd) [2009] FCA 636 Category: Interlocutory applications Parties: Quentin James Olde and Nathan Vance Laundrey in their capacity as joint and several administrators of Sirius Corporation Limited (administrators appointed) and others (Plaintiffs) Representation: Counsel: V. Bedrossian (Plaintiffs) Solicitors: Norton Rose Fulbright (Plaintiffs) File Number(s): 2013/281966