CORPORATIONS - external administration - where receivers and managers appointed by the Court over all of the property of the first defendant (Keystone) - where, shortly after the Court appointment, the directors of Keystone appointed voluntary administrators - where the plaintiff (ASIC) applied to the Court for the appointment of provisional liquidators to avoid duplication and potential disputation - where, in the alternative, ASIC applied to the Court for the replacement of the administrators with the same persons who had been appointed receivers and managers - held: orders made for the replacement of the administrators with the same persons who had been appointed receivers and managers
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