In the matter of Infomedia Limited

Infomedia Limited sought orders from the Court convening a meeting of its members to consider and, if thought fit, to agree to a proposed scheme of arrangement. The application was brought pursuant to section 411 of the Corporations Act 2001 (Cth). The court had to determine whether the requirements to order a scheme meeting were satisfied. The primary legal issue before the court was whether the company had met the statutory criteria for convening a meeting of members under section 411 of the Act.

The court examined the evidence presented by Infomedia Limited and considered the statutory requirements for convening a meeting under section 411 of the Corporations Act 2001 (Cth). It found that the company had satisfied all the necessary conditions, including the requirement that the scheme had been approved by the board of directors and that the meeting was to be convened to consider a scheme of arrangement. The court was satisfied that the statutory preconditions had been met and that there were no grounds for refusing the application.

Accordingly, the court ordered that a meeting of members be convened to consider and, if thought fit, to agree to the proposed scheme of arrangement. The court found that the applicant had met the statutory requirements and there were no legal impediments to proceeding with the meeting. The court's decision was grounded in a detailed analysis of the statutory provisions and the evidence presented by the applicant. The final orders of the court mandated the convening of a meeting of members to consider the proposed scheme of arrangement.