22 Feb 2012
COLLIN JAMES ELDER and ADELINE WEI WEI ELDER HC AK CIV 2011-404-002766 / 002767
- Citation
- openlaw-b2ca11f2_de0e_4ecd_bd76_179cdf8dae3d.pdf
- Court
- High Court
The Court held that absent evidence that related creditors were controlled or improperly influenced, their claims and votes could not be discounted; the waivers by major creditors (Ng, van Rijn) materially benefited the general body; sufficient evidence established certainty of the funds to be paid under the Proposals and there was no evidential basis for public‑interest intervention or further Official Assignee investigation; accordingly both Proposals satisfied s333(3)(b) and (c) and were approved.