In the matter of Coalpac Pty Ltd (administrators appointed); Lithgow Coal Company Pty Ltd (administrators appointed); Portland Road Pastoral Co Pty Ltd (administrators appointed); CET Resources Pty Ltd (administrators appointed) [2013] NSWSC 2017

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Coalpac Pty Ltd (administrators appointed); Lithgow Coal Company Pty Ltd (administrators appointed); Portland Road Pastoral Co Pty Ltd (administrators appointed); CET Resources Pty Ltd (administrators appointed) [2013] NSWSC 2017 Hearing dates: 13 November 2013 Decision date: 13 November 2013 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Extension of convening period for second meeting of creditors granted. Catchwords: CORPORATIONS - management and administration - meetings - application for extension of convening period for second meeting of creditors - whether extension in best interest of companies' creditors - whether prejudice to any party. Legislation Cited: Corporations Act 2001 (Cth) ss 439A(6), 440B(2), 443B(3), 447A Cases Cited: - Algeri; Re Colorado Group Ltd (admins apptd) (recs & mgrs apptd) [2011] VSC 260 - Darin Re Palamedia Ltd [2010] NSWSC 451 - Mann v Abruzzi Sports Club Ltd (1994) 12 ACSR 611 - Owen, Re RiverCity Motorway Pty Ltd (admins apptd) (recs & mgrs apptd) v Madden (No. 4) [2012] FCA 1491; (2012) 92 ACSR 255 - Re Diamond Press Australia Pty Ltd [2001] NSWSC 313 - Re Kavia Holdings Pty Ltd (admins apptd) (recs & mgrs apptd) [2013] NSWSC 737 - Re Pan Pharmaceuticals Ltd [2003] FCA 598; (2003) 46 ACSR 77 - Re Riviera Group Pty Ltd (admins apptd) (recs & mgrs apptd) [2009] NSWSC 585; (2009) 72 ACSR 352 - Silvia, in the matter of Austcorp Group Ltd (admins apptd) [2009] FCA 636 Category: Interlocutory applications Parties: Shaun Robert Fraser and Matthew Wayne Caddy in their capacity as joint and several voluntary administrators of Coalpac Pty Ltd (administrators appointed); Lithgow Coal Company Pty Ltd (administrators appointed); Portland Road Pastoral Co Pty Ltd (administrators appointed); CET Resources Pty Ltd (administrators appointed) (Plaintiffs) Representation: Counsel: N M Bender (Plaintiffs) Solicitors: Allens (Plaintiffs) File Number(s): 2013/342611