Creditors beware: liquidator’s discretion not to call a creditor’s meeting upheld in NSWSC judgment

Matthew Lunney, Timothy Buckley and Ahmed El-Jaam of Gadens summarise a recent judgment which serves as a warning to creditors that a direction to convene a creditors’ meeting is not a foregone conclusion, and that liquidators may be able to refuse to call such meetings on various grounds, including the interests of all creditors and the impact on the liquidation.

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