Dean-Willcocks, in the matter of Brand New Media Pty Ltd (Administrators Appointed) [2016] FCA 586

It is appropriate to extend the convening period given the complexity of the administration and the potential for greater benefits to creditors; the period of three months sought is not excessive in the circumstances.

Jurisdiction: Australia
Judgment Date: 24 May 2016
Procedural Posture: Application / Judgment on Application to Extend Convening Period
Outcome: Application granted
Legal Topics: ['voluntary Administration' 'extension of Convening Period' 'second Meeting of Creditors']

['corporations' 'insolvency'] ['voluntary Administration' 'extension of Convening Period' 'second Meeting of Creditors']

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Procedural Posture

Application / Judgment on Application to Extend Convening Period

Legal Issues

1 ['Whether the convening period for the second meeting of creditors should be extended' 'Whether such an extension is in the interests of creditors']

Ratio Decidendi

Court Disposition

Application granted

Orders

['The originating process be returnable instanter.' 'Publication and disclosure of contents of the confidential affidavit and exhibit restricted pursuant to s 37AF of Federal Court of Australia Act 1976 (Cth).' 'The convening period for the second meeting of creditors extended from 26 May 2016 up to and including 24...