Second Meeting Of Creditors Of Company Under Administration

Gardeners Nominees Pty Ltd

ACN: 160155608

Jewel Equipment Pty Ltd

ACN: 141964927

ABN: 13141964927

Jewel Properties (Aust) Pty Ltd formerly As Trustee For The Matta Family Trust

ACN: 112228663

ABN: 40112228663

Published: 15/5/2020

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

7. to determine the internal disbursements of the administrator(S)

8. if it is resolved that the Companies be wound up, consider whether, pursuant to Section 477(2A) of the Corporation Act 2001 (the Act), creditors authorise the liquidators to compromise a debt owed to the Companies over $100,000.

9. if it is resolved that the Companies be wound up, consider whether, pursuant to Section 477(2B) of the Corporation Act 2001, creditors authorise the liquidators to enter into any agreement on the Companies behalf where:

a. the term of the agreement may end; or

b. obligations of a party to the agreement may, according to the terms of the agreement, be discharged by the performance; more than three months after the agreement is entered into.

Kpmg

Sydney NSW 2000
E-mail: jewelsuppliers@kpmg.com.au