Current Path: {{$root.currentPath}}

Browse Latest Insolvency Notices:

Second Meeting Of Creditors Of Company Under Administration

Clarinda Manor Pty Ltd

ACN: 604664093

ABN: 27604664093

Published: 20/9/2022

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. The purpose of the meeting is to determine the fate of the Company, specifically if:



a. the Company executes a deed of company arrangement;



b. the Administration end; or



c. the Company be wound up.



At the meeting, creditors may also, by resolution adjourn the meeting for a period that must

not exceed 45 business days.



2. In the event that the Company is wound up, confirm Timothy James Brace and Peter Gountzos as the Liquidators of the Company;



3. To seek approval of the Voluntary Administrators remuneration and disbursements;



4. In the event the Company is wound up, seek approval of the Liquidators remuneration and disbursements;



5. In the event the Company is wound up, to consider the appointment of a Committee of Inspection;



6. In the event that the Company is put into Liquidation, authorise the Liquidators to destroy, at their discretion, the books and records of the Company within a period of six (6) months after dissolution of the Company, subject to obtaining prior approval from the Australian Securities and Investments Commission; and



7. Any other business which may be properly brought before the meeting.

Sv Partners

E-mail: melbourne@svp.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.