Question

Story :- The case of the mighty Mr. river.​

Answer 1

Answer:

The appellant Mighty River and Mineral Resources Ltd (the first respondent in the second appeal) were both creditors of Mesa Minerals Ltd, which was placed into voluntary administration and had administrators appointed (the respondents Hughes and Bredenkamp). Mesa’s creditors voted in favour of the Administrators’ proposal to draw up a deed of company arrangement that placed a moratorium on creditors’ claims, required the administrators to conduct further investigations and then report on varying the deed within six months. Mighty River’s efforts to have the deed declared void were unsuccessful at first instance and before the WASCA.

Explanation:

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