Judgment
In the Matter of Midway Resources International - Judgment
[2021] CIGC (FSD) 51
· FSD 0051/2021 (NSJ) · 2021-03-30
Application for the appointment of provisional liquidators under section 104(3) of the Companies Act (2021 Revision) on a light touch basis – the evidence that the Company needs to file concerning the proposed compromise or arrangement – the need to provide evidence of the views of creditors – the impact of challenges by creditors to the credibility of the proposed compromise or arrangement and of foreign proceedings which might interfere with the ability of the Company’s subsidiary to have its restructuring approved by creditors. Insolvency Law; Corporate Restructuring; Company Law
Full metadata
| Neutral Citation | [2021] CIGC (FSD) 51 |
|---|---|
| Cause Number | FSD 0051/2021 (NSJ) |
| Court | CIGC (FSD) |
| Judge | Segal J |
| Parties | In the Matter of Midway Resources International - Judgment |
| Judgment Date | 2021-03-30 |
| Subject | Application for the appointment of provisional liquidators under section 104(3) of the Companies Act (2021 Revision) on a light touch basis – the evidence that the Company needs to file concerning the proposed compromise or arrangement – the need to provide evidence of the views of creditors – the impact of challenges by creditors to the credibility of the proposed compromise or arrangement and of foreign proceedings which might interfere with the ability of the Company’s subsidiary to have its restructuring approved by creditors. Insolvency Law; Corporate Restructuring; Company Law |
| Filename (current) | 21-03-30-Midway-Resources-International.pdf |
Legislation cited
| Statute | Sections cited | Mentions |
|---|---|---|
| Companies Act | 104(3), 92(a), 93 | 5 |
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