CORPORATIONS ACT 2001 - SECT 564 Power of Court to make orders in favour of certain creditors
CORPORATIONS ACT 2001 - SECT 564
Power of Court to make orders in favour of certain creditors(a) property has been recovered under an indemnity for costs of litigation given by certain creditors, or has been protected or preserved by the payment of money or the giving of indemnity by creditors; or
(b) expenses in relation to which a creditor has indemnified a liquidator have been recovered;
the Court may make such orders, as it deems just with respect to the
distribution of that property and the amount of those expenses so recovered
with a view to giving those creditors an advantage over others in
consideration of the risk assumed by them.