In the matter of Bytecan Pty Limited (in liquidation) [2019] NSWSC 1910

CORPORATIONS – approval of deed of settlement under section 477(2A) – power of court to give creditors advantage over others – meaning of “over others” in s 564 of the Corporations Act – whether extends to general purpose liquidator –– consideration of risk assumed by indemnifying creditor – whether indemnifying creditor received a ‘windfall’ – importance of liquidator having funds to complete tasks – deduction for general purpose liquidator’s remaining costs of the proceedings and estimated costs to complete the winding up