Australia, July 14 -- New South Wales Land and Environment Court issued text of the following judgement on June 13:
1. By Interlocutory Process filed on 20 December 2024 ("Liquidators IP"), Mr Reidy, Mr Barnden and Ms Smith ("Liquidators") seek an order, under s 90-15 of the Insolvency Practice Schedule (Corporations) ("IPSC") that they are justified in declining to convene a meeting of the creditors of Balamara Resources Ltd ("Company") as directed by letter dated 9 December 2004 ("Direction") sent by the solicitors for Bright Agile Ltd and several other creditors of the Company ("Directing Creditors"). I will address the converse application brought by the Directing Creditors below.
2. On 13 May 2025, I noted the parties' common positio...