CORPORATIONS — voluntary administration — application for order terminating administration — applicant is plaintiff under pending winding up summons — plaintiff/applicant contends that preference recoveries for the benefit of creditors in a winding up will potentially be greater if the administration is terminated before a winding up order is made — consequent desire of plaintiff/applicant to avoid winding up by resolution of creditors in the administration or by order of the court while the administration subsists — potentially greater returns for creditors through preference recoveries is the only ground on which application for termination of administration is advanced — not a sufficient ground for the exercise of s 447A jurisdiction
Case Details
Citation[2011] NSWSC 379
CourtNSWSC
JurisdictionNew South Wales
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