Second Meeting Of Creditors Of Company Under Administration

Carbon Energy (Holdings) Pty Ltd

ACN: 120429209

ABN: 66120429209

Carbon Energy (Operations) Pty Ltd

ACN: 105176967

ABN: 61105176967

Carbon Energy Ltd

ACN: 057552137

ABN: 56057552137

Published: 21/12/2018

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 determine the remuneration of the administrator(s)
  2. to determine the future remuneration of the administrator(s)
  3. to determine the deed administrator(s) and or liquidator(s) future remuneration if appointed
  4. 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
  5. if the company is wound up to consider the early destruction of books and records
  6. any other business



If Carbon Energy Limited is to execute a deed of company arrangement:



7. Consider the Trustee ' s remuneration for the Creditors Trust

8. Consider the appointment of a committee of inspection and if appointed, who are to be the committee members

9. Consider permitting any committee members to continue dealing with the Companies and their creditors on a business as usual basis during the external administration



If the Companies or any one of the companies are wound up:



10. Consider permitting any committee members to continue dealing with the Companies and their creditors on a business as usual basis during the external administration

11. Consider authorising the Liquidators to compromise debts under section 477(2A) of the Act

12. Consider authorising the Liquidators to enter into agreements that may take longer than 3 months to complete under section 477(2B) of the Act



Kordamentha

Brisbane QLD 4000
E-mail: adracakis@kordamentha.com