Re Witta Coola Pastoral Co Pty Ltd [1999] NSWSC 148

Re Witta Coola Pastoral Co Pty Ltd [1999] NSWSC 148

The court granted the extension because the application barely met the criteria, bolstered by the consent of the four major creditors, and recognised the need to balance short statutory time limits with administration workflow.

Jurisdiction
Australia
Judgment Date
24 February 1999
Procedural Posture
Corporations Voluntary Administration Application / Application for Extension of Time for Convening Creditors' Meeting
Outcome
Application granted
Legal Topics
['voluntary Administration' 'extension of Time' "creditors' Meeting"]
['corporations'] ['voluntary Administration' 'extension of Time' "creditors' Meeting"]

Case Brief

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Procedural Posture

Corporations Voluntary Administration Application / Application for Extension of Time for Convening Creditors' Meeting

Legal Issues

  1. 1 ['Whether the period for convening the second meeting of creditors should be extended under s 439A(6) of the Corporations Law']

Ratio Decidendi

The court granted the extension because the application barely met the criteria, bolstered by the consent of the four major creditors, and recognised the need to balance short statutory time limits with administration workflow.

Court Disposition

Application granted

Orders

  • ['Order 3 in the summons filed this morning is made']