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Second Meeting Of Creditors Of Company Under Administration

777 Oz Holdco Pty Ltd

ACN: 653307496

Published: 25/6/2024

The purpose of the meeting(s) is:

  1. to receive the report by the Administrator(s) about the business, property, affairs and financial circumstances of the Company(ies); and
  2. to receive a statement of Administrator(s) opinion and reasons for the opinion:
    1. whether it would be in the creditors ' interests for the Company(ies) to execute a deed of company arrangement;
    2. whether it would be in the creditors ' interests for the administration to end;
    3. whether it would be in the creditors ' interests for the company to be wound up;
  3. to receive a statement of such other information known to the administrator as will enable the creditors to make an informed decision about the matters at paragraphs 2(a) ? (c) above;
  4. to receive details of any transactions that appear to the Administrator(s) to be a voidable transaction in respect of which money, property, or other benefits may be recoverable by a liquidator under part 5.7B of the Act
  5. to receive details of any proposed deed of company arrangement; and
  6. for the creditors of the Company(ies) to resolve that:
    1. the Company(ies) execute a deed of company arrangement; or
    2. the administration(s) should end; or
    3. the Company(ies) be wound up.

Other agenda items are:

7. whether to adjourn the meeting (for a maximum of 45 business days);

8. approval of the remuneration and internal disbursements of the Administrator(s), the Deed Administrator(s) or the Liquidator(s);

9. if the Company executes a Deed of Company Arrangement, the appointment of the Deed Administrator(s);

10. if the Company is wound up, the appointment of the Liquidator(s);

11. to consider the early destruction of the books and records of the Company;

12. to consider appointing a Committee of Inspection and if so, who are to be the committee members and that committee members may directly or indirectly gain a profit or advantage from the external administration of the Company; and

13. any other business.

Hall Chadwick

E-mail: RCheng@hallchadwick.com.au

Sydney Liquidator

JLA Insolvency & Advisory are a boutique insolvency practice based in the Sydney CBD. We work with a variety of corporate clients including private equity firms, listed and unlisted companies, first and second tier financiers and wealthy individuals.If you are experiencing financial distress or if you need any assistance with an insolvency related matter contact us for an obligation free discussion on how we can help.