Second Meeting Of Creditors Of Company Under Administration

Garrows Close Pty Ltd In Its Own Right And As The Bare Trustee Managing Entity Of The Joint Venture For The Development Of Property, Being The Land In Certificate Of Title Volume 11525 Folio 209 And Certificate Of Title Volume 11525 Folio 210

ACN: 072231782

ABN: 63072231782

Published: 13/11/2020

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. 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
  4. if the company is wound up to consider the early destruction of books and records
  5. any other business

To Adjourn the meeting

Lowe Lippmann

E-mail: msweeny@lowelippmann.com.au