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Meeting Of Eligible Employee Creditors

Rapiti Pty Ltd

ACN: 085477050

ABN: 91085477050

Published: 16/5/2024

Agenda items are:

  • to receive and consider a report from the external administrator(s)


  • To consider a resolution pursuant to Section 444DA(2) of the Corporations Act 2001 (Cth):



    That pursuant to sections 444DA(1), (2) of the Corporations Act, the proposed Deed of Company Arrangement does not require a provision to the effect that any eligible employee entitlements will be entitled to a priority at least equal to what they would be entitled if the property were applied in accordance with Sections 556, 560 and 561 of the Corporations Act, having the effect that the entitlements of the continuing employees, other than superannuation, will not be paid from the Deed fund should the proposal for a Deed of Company Arrangement attached to the Supplementary Report to Creditors dated 16 May 2024 be accepted by the creditors of the Company at the reconvened creditors ' meeting to be held on 23 May 2024.

Po Box 3550

E-mail: jamie.mead@oracleis.com.au

Sydney Liquidator

JLA Insolvency & Advisory are a boutique insolvency practice based in the Sydney CBD. We work with a variety of corporate clients including private equity firms, listed and unlisted companies, first and second tier financiers and wealthy individuals.If you are experiencing financial distress or if you need any assistance with an insolvency related matter contact us for an obligation free discussion on how we can help.