CORPORATIONS — application by administrator to extend the length of an adjournment of a second creditors’ meeting — where purpose of extension is to facilitate completion of sale of business — where only secured creditors and priority creditors likely to receive benefit — where sale of business if completed is likely to result in retention of existing employees by purchaser — where secured creditors and other interested stakeholder supported or did not oppose application — whether balance of interests favours extension being granted — Held: application granted.
Original article available at: https://www.judgments.fedcourt.gov.au/judgments/Judgments/fca/single/2023/2023fca0752
For more information, see the original judgement.
