CORPORATIONS -- Duty of Administrator of a deed of company arrangement ("DCA") to act impartially between creditors -- Position of post DCA creditors who would get nothing if distribution to other creditors made under DCA -- Termination of deed to prevent such distribution -- Standing of DCA administrator to apply for termination of deed -- Suspension of orders to terminate DCA and winding-up to enable pre-DCA creditors to make submissions.
Acts Cited:
Corporations Law Pt 5.7B, s451C(a), s443A, D and E, s445D, s447E, s513B, s513C, s588FE(2)
Case Details
Citation[1999] NSWSC 623
CourtNSWSC
JurisdictionNew South Wales
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