Second Meeting Of Creditors Of Company Under Administration

Clearmedal Pty Ltd

ACN: 096432192

ABN: 67096432192

Published: 3/11/2017

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. to consider the appointment of an alternative deed administrator(s) or liquidator(s)
  5. 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
  6. if the company is wound up to consider the early destruction of books and records
  7. any other business

8. to consider the past and future internal disbursements of the Administrators

9. to consider the future internal disbursements of the liquidator(s) or deed administrator(s)

10. to consider a resolution that the Liquidators be authorised to compromise any debt owing to the company at their discretion and not otherwise be subject to the limitations under section 477(2A) of the Corporations Act 2001 (Cth).

11. to consider a resolution that the Liquidators be authorised to enter into an agreement lasting longer than three months at their discretion and not otherwise be subject to the limitations under section 477(2B) of the Corporations Act 2001 (Cth).

Cor Cordis, Level 27, Waterfront Place, 1 Eagle Street, Brisbane, QLD 4000

CorCordisLevel27WaterfrontPlace1EagleStreetBrisbane QLD 4000
E-mail: brisbaneinsol@corcordis.com.au