Yeo, in the matter of AES Services (Aust) Pty Ltd (ACN 111 306 543) (Administrators Appointed) [2010] FCA 1

Yeo, in the matter of AES Services (Aust) Pty Ltd (ACN 111 306 543) (Administrators Appointed) [2010] FCA 1

Given the extensive investigations that the administrators must complete, including the review of company transactions and other obligations, it is appropriate to grant the order extending the convening period for the creditors’ meeting to 13 March 2010.

Jurisdiction
Australia
Judgment Date
05 January 2010
Procedural Posture
Corporations – Administration of Company / Application for Extension of Convening Period for Creditors' Meeting
Outcome
Application granted
Legal Topics
['extension of Convening Period' "creditors' Meetings" 'administrators’ Investigations']
['corporations Law'] ['extension of Convening Period' "creditors' Meetings" 'administrators’ Investigations']

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Procedural Posture

Corporations – Administration of Company / Application for Extension of Convening Period for Creditors' Meeting

Legal Issues

  1. 1 ['Whether the time for convening the second meeting of creditors should be extended under s 439A(6) of the Corporations Act 2001 (Cth)']

Ratio Decidendi

Given the extensive investigations that the administrators must complete, including the review of company transactions and other obligations, it is appropriate to grant the order extending the convening period for the creditors’ meeting to 13 March 2010.

Court Disposition

Application granted

Orders

  • ['The convening period for the meeting of the creditors of AES Services (Aust) Pty Ltd required under s 439A(1) of the Act is extended to 13 March 2010, subject to further order.' 'Leave is reserved to the plaintiffs to apply for further extension within the convening period as extended.' 'Leave is reserved to...