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Second Meeting Of Creditors Of Company Under Administration

ACN 169 594 094 Pty Ltd

ACN: 169594094

ABN: 23169594094

Published: 10/8/2020

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. to determine the remuneration of the administrators;

8. to determine the future remuneration of the administrators;

9. to determine the disbursements of the administrators;

10. to determine the liquidators ' future remuneration if appointed;

11. to determine the liquidators ' disbursements if appointed;

12. to consider the appointment of an alternative liquidators;

13. if the company is wound up, to consider the appointment of a committee of inspection and, if so, who are to be the committee members;

14. if the company is wound up to consider the early destruction of books and records;

15. any other business.

De Vries Tayeh

E-mail: dfeng@dvtgroup.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.