In the matter of Napoleon Perdis Cosmetics Pty Ltd (admins apptd) and Napoleon Perdis Cosmetics Australia Pty Ltd (admins apptd) [2019] NSWSC 348

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Napoleon Perdis Cosmetics Pty Ltd (admins apptd) and Napoleon Perdis Cosmetics Australia Pty Ltd (admins apptd) [2019] NSWSC 348 Hearing dates: 20 February 2019 Decision date: 20 February 2019 Jurisdiction: Equity - Corporations List Before: Black J Decision: The date for convening the second meeting of creditors of the Plaintiffs is extended to 28 May 2019. Catchwords: CORPORATIONS – external administration – application under s 439A(6) of the Corporations Act 2001 (Cth) to extend the period within which the second meeting of creditors must be convened – where sale of business estimated to not complete before existing convening date – whether convening period for second meeting of creditors should be extended. Legislation Cited: - Corporations Act 2001 (Cth) Pt 5.3A, ss 439A, 439A(6), 447A Cases Cited: - Re ABC Learning Centres Ltd (admins apptd) (recs and mgrs apptd); Application by Walker (No 8) [2009] FCA 994; (2009) 73 ACSR 478 - Re Diamond Press Australia Pty Ltd [2001] NSWSC 313 - Re Owen; RiverCity Motorway Pty Ltd (admins apptd) (recs and mgrs apptd) v Madden (No 4) [2012] FCA 1491; (2012) 92 ACSR 255 - Re Renex Holdings (Dandenong) 1 Pty Ltd (admins apptd) [2015] NSWSC 2002 - Re Riviera Group Pty Ltd (admins apptd) (recs and mgrs apptd) [2009] NSWSC 585; (2009) 72 ACSR 352 Category: Principal judgment Parties: Simon John Cathro, Christopher Richard Cook and Ivan Glavas in their capacity as joint and several administrators of Napoleon Perdis Cosmetics Pty Ltd (admins apptd) and Napoleon Perdis Cosmetics Australia Pty Ltd (admins apptd) (Plaintiffs) Representation: Counsel: C H Withers (Plaintiffs)