In the matter of Odyssey Finance Holdings Pty Ltd (Nos 2 and 3)

[2026] NSWSC 822

Supreme Court of NSW

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Interrogate

Catchwords

1. Corporations
2. › Schemes of arrangement or compromise
3. › Creditors' scheme
4. › First Court hearing
5. › Application to convene meeting of creditors
6. › Whether preconditions to exercise of power satisfied
7. › Whether Court should exercise discretion to convene meeting
8. › Corporations Act 2001 (Cth), s 411
1. Corporations
2. › Schemes of arrangement or compromise
3. › Creditors' scheme
4. › Second Court hearing
5. › Approval of scheme
6. › Whether scheme should be approved
7. › Dispensing with requirement to annex order to constitution
8. › Corporations Act 2001 (Cth), ss 411, 411(11)

Quick Take

A straightforward application of established principles for convening and approving a creditors' scheme of arrangement under s 411 of the Corporations Act 2001 (Cth). No novel issues were decided. The Court dispensed with the requirement to annex the order to the company's constitution under s 411(11) where there was no utility in doing so.

Case Details

Citation[2026] NSWSC 822

CourtNSWSC

JurisdictionNew South Wales

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Relies on2

2026Re Odyssey Finance Holdings Pty LtdNSWSC 241
2025One Funds Management Limited, in the matter of One Funds Management Limited (No 2)FCA 602

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