Second Meeting Of Creditors Of Company Under Administration

Perth Builders Pty Ltd

ACN: 140424942

ABN: 81140424942

Published: 28/8/2020

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.For creditors to resolve that the Second Meeting of Creditors be adjourned for a period of 45 business days.



2. For creditors to resolve to fix the remuneration of the Administrator.



3. For creditors to resolve to allow the Administrator, Deed Administrator and/or Liquidator internal disbursements/consumables.



4. If the Company is placed into liquidation, to fix the remuneration of the liquidator.



5. If the Company is placed into liquidation, and if appropriate, to appoint a Committee of Inspection.



6. If the Company is placed into liquidation, to authorise the Liquidator to be able to compromise debts in excess $100,000.



7. If the Company is placed into liquidation, to authorise the Liquidator to enter into litigation funding facilities to pursue any legal actions including voidable and insolvent transactions arising from the liquidation.



8. If the Company is placed into liquidation, to authorise the Liquidator 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.



9. Any other business.

Auxilium Partners

E-mail: rbahrami@auxiliumpartners.com.au