Orr, in the matter of Redflow Limited (Administrators Appointed) [2024] FCA 1117

Orr, in the matter of Redflow Limited (Administrators Appointed) [2024] FCA 1117

It is appropriate to grant the extension of convening period for two months as it is in the creditors' best interests given complex business sale prospects and restructuring; suppression orders are justified as disclosure of sensitive materials may prejudice administration.

Parties
Administrator: David Michael Orr; Administrator: Richard John Hughes; Company: Redflow Limited (Administrators Appointed) ACN 130 227 271; Company: Redflow International Pty Ltd (Administrators Appointed) ACN 128 888 997; Company: Redflow R&D Pty Ltd (Administrators Appointed) ACN 116 992 253; Company: ZCell Australia Pty Ltd (Administrators Appointed) ACN 613 792 420
Jurisdiction
Australia
Judgment Date
18 September 2024
Procedural Posture
Corporations Administration Application / Application for Extension of Convening Period and Suppression Orders
Outcome
Extension granted; suppression orders made; ancillary orders as sought by administrators
Legal Topics
Extension of Convening Period, Meeting of Creditors, Suppression Orders
Corporations Law Insolvency Law Practice and Procedure Extension of Convening Period Meeting of Creditors Suppression Orders

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Parties

David Michael Orr

Administrator

Richard John Hughes

Administrator

Redflow Limited (Administrators Appointed) ACN 130 227 271

Company

Redflow International Pty Ltd (Administrators Appointed) ACN 128 888 997

Company

Redflow R&D Pty Ltd (Administrators Appointed) ACN 116 992 253

Company

ZCell Australia Pty Ltd (Administrators Appointed) ACN 613 792 420

Company

Procedural Posture

Corporations Administration Application / Application for Extension of Convening Period and Suppression Orders

Legal Issues

  1. 1 Whether the convening period for the second meeting of creditors should be extended
  2. 2 Whether suppression orders should be granted for confidential materials

Ratio Decidendi

It is appropriate to grant the extension of convening period for two months as it is in the creditors' best interests given complex business sale prospects and restructuring; suppression orders are justified as disclosure of sensitive materials may prejudice administration.

Court Disposition

Extension granted; suppression orders made; ancillary orders as sought by administrators

Orders

  • Extension of convening period for second meeting of creditors to 20 November 2024 pursuant to s 439A(6) Corporations Act 2001 (Cth)
  • Creditors' meetings may be held during or within five business days after extended convening period pursuant to s 447A(1) Corporations Act 2001 (Cth)