Second Meeting Of Creditors Of Company Under Administration

J.A Tighe Pty Ltd

ACN: 132619455

ABN: 90132619455

Published: 17/3/2020

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 consider the Report and Statement by the Administrators pursuant to Section 439A(4} (a}, (b) and (c) of the Corporations Act, 2001.



2. To consider and resolve one of the following proposals for the Company ' s future:

(a) That the meeting be adjourned. This course of action is recommended;

(b) That the administration end, pursuant to Section 439C

(c) This course of action is not recommended;

(d) That the company be wound up pursuant to Section 439C(c); or

(d) That the Company enters into a Deed of Company Arrangement pursuant to Section 439C(a) of the Corporations Act (where a Deed is proposed);



3. To confirm the appointment of the Voluntary Administrators as Liquidators of the company, in the event that a resolution is passed that the company be wound up.



4. To consider and approve:

a) The remuneration and costs of the Administrators of the company up to the 13 March 2020.

b) The remuneration and costs of the Administrators of the company from the 14 March 2020 to 24 March 2020.

c) The remuneration and costs of the Liquidators (where appointed) of the company from 25 March 2020 to finalisation of the liquidation.



The remuneration is to be fixed, in respect of the Administrators ' /Liquidators ' and their employees, at the hourly rates of the Administrators ' /Liquidators ' firm consistent with the Statement of best practise Remuneration Charging issued by the insolvency practitioners Association of Australia; and that the Administrator/liquidator shall be authorised to draw such remuneration from time to time from monies held by them as Administrators/Liquidators.



The remuneration is subject to an interim cap or limit, to be details at the creditors ' meeting. In addition to remuneration charged on a time basis, creditors will be asked to consider and approve a further fixed fee remuneration charge of $950 per annum, excluding GST, for each administration, to reflect the compulsory levies imposed by ASIC on insolvency practitioners.



7. In the event that a resolution is passed that the company be wound up, to consider and if thought fit authorise the destruction of the books and records following deregistration of the company, subject to the consent of the Australian Securities and Investments Commission.



8. To consider any matter which may be properly brought before the meeting.

De Vries Tayeh

E-mail: ssaad@dvtgroup.com.au