In the matter of ACN 153 866 114 Pty Ltd (administrators appointed) [2015] NSWSC 2039

Supreme Court New South Wales

Medium Neutral Citation: In the matter of ACN 153 866 114 Pty Ltd (administrators appointed) [2015] NSWSC 2039 Hearing dates: 23 December 2015 Decision date: 23 December 2015 Jurisdiction: Equity - Corporations List Before: Black J Decision: Extension of convening period for second meeting of creditors ordered. Catchwords: CORPORATIONS — Administration — Creditor's meeting — Where administrators sought extension of convening period for second meeting of creditors — Whether the Court should grant application to extend time for a second meeting of creditors under s 439A(6) of the Corporations Act 2001 (Cth) – whether extension is in best interests of company's creditors Legislation Cited: - Corporations Act 2001 (Cth), ss 439A(6), 447A, Pt 5.3A - Personal Property Securities Act 2009 (Cth) Cases Cited: - Mann v Abruzzi Sports Club Ltd (1994) 12 ACSR 611 - Owen (in their capacity as joint and several administrators of Rivercity Motorway Pty Ltd (admins apptd) (recs and mgrs apptd)) v Madden (No 4) [2012] FCA 1491; (2012) 92 ASCR 255 - Re BCD Resources NL (recs and mgrs apptd) (admins apptd) [2015] NSWSC 777 - Re Diamond Press Australia Pty Ltd [2001] NSWSC 313 - Re Riviera Group Pty Ltd (admins apptd) (recrs & mgrs apptd) [2009] NSWSC 585; (2009) 72 ACSR 352 Category: Principal judgment Parties: Darren John Vardy and Jason Lloyd Porter as voluntary administrators of ACN 153 866 114 Pty Ltd (administrators appointed) (Plaintiffs) Representation: Counsel: N Mirzai (Plaintiffs)