Meeting Of Creditors

M & M Building Pty Ltd

ACN: 145718636

ABN: 53145718636

Published: 27/2/2019

Agenda items are:

  • to receive and consider a report from the external administrator(s)
  • any other business
  • - To consider a resolution that the further remuneration of the Deed Administrators of M & M Building Pty Ltd (Subject to Deed of Company Arrangement) for the period from 24 July 2017 to 24 February 2019 be determined at a sum equal to the cost of time spent by the Deed Administrators and their partners and staff of Cor Cordis, calculated at the hourly rates set out in the schedule of Cor Cordis Standard Rates effective 1 July 2017 and 1 January 2019 (as applicable), and is approved for payment in the amount of $2,160.50 plus GST, and that the Deed Administrators can draw the remuneration immediately or as required.



    - To consider a resolution that the internal disbursements of the Deed Administrators of M & M Building Pty Ltd (Subject to Deed of Company Arrangement) and their firm for the period of the deed administration be calculated as per the method and rates set out in the remuneration approval report dated 27 February 2019 and approved for payment in the amount of $1,000.00 plus GST and that payment can be made immediately.



    - To accept a proposal to vary the Deed of Company Arrangement (if applicable)



    OR



    To terminate the Deed of Company Arrangement and have the Company wound up.



    - If a proposal to vary the Deed of Company Arrangement (if applicable) is accepted, to consider a resolution that the future remuneration of the Deed Administrators of M & M Building Pty Ltd (Subject to Deed of Company Arrangement) for the period from 25 February 2019 to the completion of the Deed of Company Arrangement be determined and approved for payment at a sum equal to the cost of time spent by the Deed Administrators and their partners and staff of Cor Cordis, calculated at the hourly rates set out in the schedule of Cor Cordis Standard Rates effective 1 January 2019, up to a capped amount of $10,000.00 plus GST, and that the Deed Administrators can draw the remuneration on a monthly basis or as required.



    - If the Deed of Company Arrangement is terminated and the Company is wound up, to consider a resolution that the future remuneration of the Liquidators of M & M Building Pty Ltd (In Liquidation) for the period from 14 March 2019 to the end of the liquidation be determined and approved for payment at a sum equal to the cost of time spent by the Liquidators and their partners and staff of Cor Cordis, calculated at the hourly rates set out in the schedule of Cor Cordis Standard Rates effective 1 January 2019, up to a capped amount of $20,000.00 plus GST, and that the Liquidators can draw the remuneration on a monthly basis or as required.



    - If the Deed of Company Arrangement is terminated and the Company is wound up, to consider a resolution that the internal disbursements of the Liquidators of M & M Building Pty Ltd (In Liquidation) and their firm for the period from 14 March 2019 to the end of the liquidation be calculated as per the method and rates set out in the remuneration approval report dated 27 February 2019 and approved for payment up to a capped amount of $2,000.00 plus GST and that payment of internal disbursements incurred can be made on a monthly basis or as required.



    - To consider appointing a committee of inspection and, if so, who are to be the committee?s members.

Cor Cordis

E-mail: brichards@corcordis.com.au