16 Mar 2011
WGL RETAIL HOLDINGS LTD & ORS AND S J SHERMAN & ORS HC AK CIV-2011-404-001117
- Citation
- openlaw-be1a6d32_e0a2_4bff_9a6f_26c6d7de95e4.pdf
- Court
- High Court
Given the scale and complexity of the New Zealand companies, cross‑jurisdictional coordination with the Australian administration, the need to conduct a realistic sale process as a going concern and creditors' lack of opposition (including a secured creditor supporting extension), the convening period under s239AT(2) is extended to 17 September 2011 and the s239Y notice period is extended to the same date to enable proper administration and better creditor returns.