In the matter of Fostide Pty Limited (administrators appointed); Vostie Pty Limited (administrators appointed); Pimleigh Pty Limited (administrators appointed); Milby Holdings Pty Limited (administrators appointed); Balhaven Pty Limited (administrators appointed); Mehut Pty Limited (administrators appointed) [2013] NSWSC 782

In the matter of Fostide Pty Limited (administrators appointed); Vostie Pty Limited (administrators appointed); Pimleigh Pty Limited (administrators appointed); Milby Holdings Pty Limited (administrators appointed); Balhaven Pty Limited (administrators appointed); Mehut Pty Limited (administrators appointed) [2013] NSWSC 782

The extension of the convening period for the second creditors' meeting is granted for a shorter, six-week period (until 31 May 2013) to allow the Court to later review progress and balance interests of all creditors, with liberty to apply for further extension. Notice to creditors may be given by email or correspondence, and orders will be made available on the administrators' website.

Jurisdiction
Australia
Judgment Date
15 April 2013
Procedural Posture
Interlocutory Application / Hearing and Directions for Orders
Outcome
Extension of convening period granted with liberty to apply for further extension; form of final orders to be submitted to chambers.
Legal Topics
['administration' "creditors' Meetings" 'extension of Time' 'electronic Notifications']
['corporations Law'] ['administration' "creditors' Meetings" 'extension of Time' 'electronic Notifications']

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Procedural Posture

Interlocutory Application / Hearing and Directions for Orders

Legal Issues

  1. 1 ["Extension of time for convening second creditors' meeting" "Modification of notice requirements for creditors' meeting"]

Ratio Decidendi

The extension of the convening period for the second creditors' meeting is granted for a shorter, six-week period (until 31 May 2013) to allow the Court to later review progress and balance interests of all creditors, with liberty to apply for further extension. Notice to creditors may be given by email or correspondence, and orders will be made available on the administrators' website.

Court Disposition

Extension of convening period granted with liberty to apply for further extension; form of final orders to be submitted to chambers.

Orders

  • ['Convening period for second creditors’ meeting extended to 31 May 2013.' 'Administrators have liberty to apply for further extension prior to 31 May 2013.' 'Notice to creditors may be given by email or correspondence where addresses are held.' 'Orders to be listed in Corporations Motions List at 9.45am on 27 May...