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PAYCE Consolidated Limited; In the Matter of PAYCE Consolidated Limited (No 1) [2016] FCA 1412

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CORPORATIONS - whether, pursuant to s 411(1) of the Corporations Act 2001 (Cth), the Court should order that a meeting of the ordinary shareholders of the plaintiff and a meeting of the preference shareholders of the plaintiff be convened for the purpose of considering two inter-dependent schemes of arrangement propounded by the plaintiff whereby all of the ordinary shares issued by the plaintiff are to be acquired by a bidder and all of the preference shares issued by the plaintiff are to be the subject of a reduction of capital and consequential cancellation

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