Hayes, in the matter of Estate Property Group Limited (Administrators Appointed) [2007] FCA 1329

Hayes, in the matter of Estate Property Group Limited (Administrators Appointed) [2007] FCA 1329

Given the diligence of the administrators, the complexity and size of the group, the likelihood of deeds of company arrangement being put forward, and the absence of opposition from stakeholders, it was appropriate to grant a further extension of the convening period.

Jurisdiction
Australia
Judgment Date
29 August 2007
Procedural Posture
Corporations Administration Extension of Convening Period / Application for Further Extension of Convening Period for Second Meeting of Creditors
Outcome
Extension of the convening period for the second meeting of creditors granted.
Legal Topics
['voluntary Administration' 'extension of Convening Period' 'deed of Company Arrangement' 'creditors’ Meetings']
['corporations Law' 'insolvency'] ['voluntary Administration' 'extension of Convening Period' 'deed of Company Arrangement' 'creditors’ Meetings']

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Procedural Posture

Corporations Administration Extension of Convening Period / Application for Further Extension of Convening Period for Second Meeting of Creditors

Legal Issues

  1. 1 ['Whether a second extension of the convening period for the second meeting of creditors should be granted under s 439A and s 447A of the Corporations Act 2001 (Cth)']

Ratio Decidendi

Given the diligence of the administrators, the complexity and size of the group, the likelihood of deeds of company arrangement being put forward, and the absence of opposition from stakeholders, it was appropriate to grant a further extension of the convening period.

Court Disposition

Extension of the convening period for the second meeting of creditors granted.

Orders

  • ['Convening period for second meeting of creditors further extended to midnight on 31 August 2007.' 'Ancillary orders relating to administration granted.']