Connelly, in the matter of Global Food & Wine Holdings Pty Ltd (administrators appointed) [2026] FCA 1366 — Corporations & Voluntary Administration — Barrister AI
Connelly, in the matter of Global Food & Wine Holdings Pty Ltd (administrators appointed)
application by administrators to extend convening period for second meeting of creditors under ss 439A(6) and 447A of the Corporations Act 2001 (Cth)
administrators require more time to execute orderly process of disposal of assets
Quick Take
1Where administrators demonstrate that an extension of the convening period is needed to execute an orderly disposal of assets and that additional time is likely to enhance the return for unsecured creditors, the court will grant the extension, giving substantial weight to the administrators' judgment that the extension is in creditors' best interests.
2Opposition by a single creditor expressed in generic terms, without identifying specific prejudice, does not displace the substantial weight accorded to the administrators' considered judgment that an extension serves creditors' interests.
3Where employee creditors object to an extension on the basis that it delays their eligibility for Fair Entitlements Guarantee benefits (which require an 'insolvency event' such as liquidation), it may be appropriate to exclude the employer entity from the extension while granting it for other group entities.
