Second Meeting Of Creditors Of Company Under Administration

C2 Portfolio Pty Ltd

ACN: 642178201

Copia Developments Pty Ltd

ACN: 632438932

Vitium Care Pty Ltd

ACN: 640938263

Published: 21/6/2022

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:

1. To consider the Notice and Report to Creditors dated 21 June 2022;

2. To consider the approval of the Joint and Several Administrators? remuneration;

3. For creditors to resolve that:



a. A Deed of Company Arrangement be executed by the Companies; or



b. That the Companies be wound up; or



c. The Administration of the Companies should end; or



d. The second meeting of the Companies? creditors be adjourned for no longer than 45 business days and that the Joint & Several Administrators be given the discretion to convene the adjourned second meeting at any time prior to the expiration of the relevant adjournment period;

4. To consider the nomination of a person(s) to be Liquidator(s) or Deed Administrator(s);

5. To consider the approval of the Joint and Several Liquidators? remuneration;

6. To consider the appointment and constitution of a committee of inspection;

7. To consider and if deemed appropriate, provide approval to the Joint and Several Liquidators, pursuant to Section 477(2A) of the Corporations Act, 2001 (Cth), to compromise debts owed to the Companies in excess $100,000;

8. To consider and if deemed appropriate, provide approval to the Joint and Several Liquidators, pursuant to Section 477(2B) of the Corporations Act, 2001 (Cth) to enter into any agreement on behalf of the Companies that will extend or is likely to extend for a period greater than three (3) months;

9. Any other relevant business.

Jirsch Sutherland

E-mail: remicapital@jirschsutherland.com.au