Kogan, in the matter of King Holding Company 1 Pty Limited (Administrators Appointed) (Receivers and Managers Appointed) [2016] FCA 660

Kogan, in the matter of King Holding Company 1 Pty Limited (Administrators Appointed) (Receivers and Managers Appointed) [2016] FCA 660

In light of the complexities of the Group, the interests of creditors, the status of the sale process, and the absence of objection from creditors and ASIC, it is appropriate to grant the requested extension of the convening period to facilitate a sale as a going concern and allow proper investigation and recommendations to creditors.

Jurisdiction
Australia
Judgment Date
03 June 2016
Procedural Posture
Corporations – Voluntary Administration / Application to Extend Convening Period for Second Meeting of Creditors
Outcome
Extension of convening period for meetings of creditors granted as sought.
Legal Topics
['voluntary Administration' 'extension of Convening Period' 'sale Process' 'deed of Company Arrangement']
['corporations' 'corporate Insolvency'] ['voluntary Administration' 'extension of Convening Period' 'sale Process' 'deed of Company Arrangement']

Case Brief

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 1 Authorities cited 2 Party arguments 2 Amounts and remedies 1
Sign in to unlock

Procedural Posture

Corporations – Voluntary Administration / Application to Extend Convening Period for Second Meeting of Creditors

Legal Issues

  1. 1 ['Whether to grant an extension of the convening period for the second meeting of creditors of the Oakville Produce Group companies']

Ratio Decidendi

In light of the complexities of the Group, the interests of creditors, the status of the sale process, and the absence of objection from creditors and ASIC, it is appropriate to grant the requested extension of the convening period to facilitate a sale as a going concern and allow proper investigation and recommendations to creditors.

Court Disposition

Extension of convening period for meetings of creditors granted as sought.

Orders

  • ['The convening period for meetings of creditors of King Holding Company 1 Pty Limited and the listed companies is extended up to midnight on 8 December 2016.' 'Meetings of creditors may be convened together or separately and held at any time during or within five business days after the convening period, as...