NEW SOUTH WALES COURT ISSUES JUDGEMENT FOR IN THE MATTER OF MAXIMUS HOLDINGS (NSW) (RECEIVERS AND MANAGERS APPOINTED) (SUBJECT TO A DEED OF COMPANY ARRANGEMENT) [2025] NSWSC 3 CASE

Australia, Feb. 9 -- New South Wales Land and Environment Court issued text of the following judgement on Jan. 14:

1. By an originating process filed on 10 January 2025, the administrators of Maximus Holdings (NSW) Pty Ltd (the Company) sought an order under s 444GA of the Corporations Act 2001 (Cth) (the Corporations Act) that they jointly and severally have leave to transfer all of the issued shares in the Company to Windy Bay Holdings Pty Ltd as trustee for the Windy Bay Trust (Windy Bay), together with several ancillary orders. The orders were sought to satisfy a condition of a Deed of Company Arrangement (DOCA) that was executed on 23 October 2024 following a resolution of creditors of the Company passed on 2 October 2024.

2. I made ...