Second Meeting Of Creditors Of Company Under Administration

Veriluma Ltd

ACN: 142901353

ABN: 48142901353

Veriluma Software Pty Ltd

ACN: 117490785

ABN: 16117490785

Published: 12/2/2018

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. That the second meetings of creditors Veriluma Limited (Administrators Appointed) and Veriluma Software Pty Ltd (Administrators Appointed) be held concurrently.

2. To consider the approval of the Joint and Several Administrators remuneration;

3. For creditors to resolve that:

(a) A Deed of Company Arrangement (Deed)/ Creditors Trust be executed by the Company; or

(b) The Administration of the Company should end; or

(c) That the Company be wound up.



IN THE EVENT CREDITORS VOTE IN FAVOUR OF THE EXECUTION OF THE DEED/CREDITORS TRUST



4. To consider the nomination of a person(s) to be Deed Administrator(s)/Trustees;

5. To consider approval of the Deed Administrators/Trustees remuneration;



IN THE EVENT THE COMPANY IS WOUND UP



6. To consider the nomination of a person(s) to be Liquidator(s);

7. To consider approval of the Liquidators remuneration;

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

9. Pursuant to Section 477(2A) of the Corporations Act, to authorise the Liquidator(s) of the Company to be able to compromise debts owed to the Company in excess $100,000;

10. Pursuant to Section 477(2B) of the Corporations Act, to authorise the Liquidator(s) of the Company to enter into any litigation funding facilities to pursue any legal actions including voidable and insolvent transactions arising from the liquidation of the Company;

11. 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

12. Any other business.



Jirsch Sutherland

E-mail: admin@jirschsutherland.com.au