Smith, Graeme Lloyd as Administrator of Tracker Software (Australia) Pty Ltd Engineers Pty Ltd [1997] FCA 453

Smith, Graeme Lloyd as Administrator of Tracker Software (Australia) Pty Ltd Engineers Pty Ltd [1997] FCA 453

Having regard to the need for further investigation by the administrator and the consent of the committee of creditors, the extension of time is warranted to allow for an informed recommendation regarding the company's future.

Source-derived case information.

Jurisdiction
Australia
Judgment Date
16 May 1997
Procedural Posture
Corporations Law Application / Application for Extension of Convening Period for Creditors' Meeting
Outcome
Application granted
Legal Topics
['administration' 'extension of Convening Period' 'meetings of Creditors']
['corporations Law'] ['administration' 'extension of Convening Period' 'meetings of Creditors']

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Procedural Posture

Corporations Law Application / Application for Extension of Convening Period for Creditors' Meeting

Legal Issues

  1. 1 ['Whether the period for convening a second meeting of creditors under section 439A of the Corporations Law should be extended']

Ratio Decidendi

Having regard to the need for further investigation by the administrator and the consent of the committee of creditors, the extension of time is warranted to allow for an informed recommendation regarding the company's future.

Court Disposition

Application granted

Orders

  • ['The convening period of a meeting of creditors of Tracker Software (Australia) Pty Ltd (Administrator Appointed) (ACN 055 798 153) under section 439A of the Corporations Law be extended to 8 July 1997.' 'The directions hearing be adjourned to 9.30 am on 30 June 1997 before a Registrar of the Court.']