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Agenda items are:
1. Provide an update to the COI on the progress of the Administration.2. Seek support from the COI for: a. The Administrators to enter into a loan agreement and a security agreement with Secured Lending 2 Pty Limited and Longevity Property Group Pty Ltd, or other suitable lender; and b. That the Administrators personal liability in respect of the loan agreement will be limited to the extent they are able to be indemnified out of the assets of the Company.3. Seek support from the COI for the Administrators to approach the Court for an extension of the convening period; and4. To discuss any other relevant business which may arise.
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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.
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.