CORPORATIONS — voluntary administration — deed of company arrangement — application by deed administrator for directions in respect of the proper distribution of funds held in an account under Corporations Act 2001 (Cth) s 447D — where an account was established by company prior to entering into administration to hold retention monies for subcontractors — whether monies in account was held on trust for subcontractors — whether distribution of mixed funds in account should be made on a pro-rata basis — whether administrator's remuneration, costs and expenses should be payable from account — whether remaining parties' costs in relation to proceedings should be payable from account.
Case Details
Citation[2014] NSWSC 146
CourtNSWSC
JurisdictionNew South Wales
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