The 'interests of creditors' in s 600A of the Corporations Act means the interests of creditors as creditors — their interest in the timing, magnitude and risk of debt recovery — and does not extend to interests in other capacities such as potential defendants to liquidator claims. Where the financial disadvantage to dissenting creditors under a DOCA is so substantial and certain (here, 6c versus 20-45c in the dollar), it constitutes unreasonable prejudice without the need for a lengthy, wide-ranging examination of all competing considerations. The approach in Mediterranean Olives Financial Pty Ltd v Loaders Traders Pty Ltd (No 2) suggesting that conflicting interests of creditor-defendants must be weighed under s 600A(1)(c)(i) was doubted.
The full text is available to signed-in members, including the 27 later cases that cite this judgment.
8 of the 27 citing cases carry a classified treatment. How each court treated it is available to signed-in members.