Second Meeting Of Creditors Of Company Under Administration

Transport Logistics (Sa) Pty Ltd

ACN: 127603463

Shepparton VIC 3630
Published: 17/11/2017

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 approval of the Joint and Several Administrators remuneration;

2. For creditors to resolve that Old No.7 Operations Pty. Ltd. be wound up/placed into liquidation

5. To consider the nomination of an alternative Liquidator;

6. To consider approval of the Liquidator(s) remuneration;

7. To consider the appointment and constitution of a committee of inspection;

4. Pursuant to Section 477(2A) of the Corporations Act 2001, to authorise the Liquidator to be able to compromise debts in excess $100,000.

5. To authorise the Liquidators, pursuant to Section 477(2B) of the Corporations Act 2001, to enter into any agreement with terms greater than three (3) months, even if the terms may end, or the obligations may be discharged within those three (3) months

8. To authorise the Liquidator(s) to be able to destroy the books and records of the Company within a period of six (6) months after the dissolution of the Company, subject to obtaining prior approval from the Australian Securities & Investments Commission (ASIC); and

9. Any other business.

Jirsch Sutherland

E-mail: admin@jirschsutherland.com.au