Meeting Of Creditors
Bridgmond Projects Pty Ltd
Agenda items are:
- to receive and consider a report from the external administrator(s)
- to fix or determine the remuneration of the external administrator(s)
- any other business
Consideration of whether approval should be granted pursuant to Section 477(2B) of the Corporations Act 2001 (Cth) as per the following draft resolution: ?That the Liquidator enter into a final deed of release with J. Hutchinson Pty Ltd to obtain a release of the final balance (retention) owing to the Company of $47,889.60 (excluding GST) for work which was undertaken by the Company on the ?KSS-Adelaide Airport? project prior to the Company being placed into external administration, notwithstanding the terms of the final deed of release have a timeframe which exceeds three months duration from the date the final deed of release is signed. Secondly, that should the Liquidator be required to enter into any additional agreements with J. Hutchinson Pty Ltd in order to obtain the release of any other monies outstanding for work completed by the Company, the Liquidator be authorised to do so notwithstanding that terms may have timeframes exceeding three months duration from execution date?.