In the matter of Fearndale Holdings Pty Ltd (administrator appointed) [2019] NSWSC 478

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Fearndale Holdings Pty Ltd (administrator appointed) [2019] NSWSC 478 Hearing dates: 24 April 2019 Decision date: 24 April 2019 Jurisdiction: Equity - Corporations List Before: Black J Decision: Orders made further extending convening period for second meeting of creditors. Catchwords: CORPORATIONS – winding up – conduct of voluntary administration – meeting of creditors – application to extend convening period for second meeting of creditors under Corporations Act 2001 (Cth) ss 439A and 447A – whether extension would be in best interests of creditors. Legislation Cited: - Corporations Act 2001 (Cth) Pt 5.3A, ss 439A, 439A(6), 447A - Insolvency Practice Schedule (Corporations) Div 90, ss 90-15, 90-35 - Supreme Court (Corporations) Rules 1999 (NSW) r 2.13 Cases Cited: - Mann v Abruzzi Sports Club Ltd (1994) 12 ACSR 611 - Re Diamond Press Australia Pty Ltd [2001] NSWSC 313 - 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: Procedural and other rulings Parties: Timothy James Cook (as administrator of Fearndale Holdings Pty Ltd (admin apptd)) and Fearndale Holdings Pty Ltd (admin apptd) (Applicants) Equivest Pty Ltd and Torpoint Investments Pty Ltd (Interested Parties) Representation: Counsel: S Golledge (Applicants) P Barham (Interested Parties)