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Corporations Act 2001
Subsection 439A(1)
Insolvency Practice Rules (Corporations) 2016 s75-40(1)

NOTICE OF SECOND MEETING OF CREDITORS OF COMPANY UNDER ADMINISTRATION

Company details

Company: A.C.N. 000 168 874 PTY. LIMITED (FORMERLY AUSTRALIAN URETHANE SYSTEMS PTY. LIMITED)
ACN: 000 168 874
Status: Administrators Appointed
Appointed: 19 January 2018

Meeting details

Notice is given that a second meeting of the creditors of the Company, or a second meeting for each of the Companies, (for multiple companies), will be held:

Location: Level 2, 151 Macquarie Street, Sydney NSW 2000
Meeting date: 14 March 2018
Meeting time: 2.00pm

(If multiple companies, see special instructions for meeting times)

Agenda

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 Administrators' recommended course of action as to the future of the company and make a resolution under Corporations Act 2001 section 439C.
    2. To confirm the appointment of the Voluntary Administrators as Liquidators of the company in the event that it is wound up;
    3. To approve the remuneration of the Administrators and Liquidators (if appointed) of the company.
    4. To consider the appointment of a committee of inspection.
    5. In the event that the company is wound up, to authorise the destruction of the books and records following deregistration of the company, subject to the consent of the Australian Securities and Investments Commission.
    6. Any other business.

    Proof of debt and proxies

    Creditors wishing to attend are advised proofs and proxies are to be submitted to the Administrator by:

    Time: 4pm
    Date: 13 March 2018

    Date of Notice: 06 March 2018

    Antony Resnick - Joint & Several
    Administrator

    Antony Resnick and Riad Tayeh
    Joint Appointees

    Address de Vries Tayeh
    Level 2, 151 Macquarie Street
    Parramatta NSW 2124
    Contact person Angus Fraser
    Contact number 02 9633 3333
    Facsimile 02 9633 3040
    Email afraser@dvtgroup.com.au