Notice is given that a meeting of the creditors of the Company, or a meeting for creditors of each of the Companies, (for multiple companies), will be held:
(If multiple companies, see special instructions for meeting times)
The purpose of the meeting(s) is to lay before the meeting(s) a statement of the assets and liabilities of the Company(ies).
At the meeting(s), creditors may consider a resolution to remove the liquidator(s) from office; and appoint someone else as liquidator(s) of the Company(ies).
Other agenda items are:
To appoint Frank Lo Pilato to continue as Liquidator. Creditors are reminded that pursuant to Section 496(5) of the Act, they may appoint some other person as Liquidator.To approve the Liquidator to enter into litigation funding agreements, for the purposes of Section 477(2B) of the Corporations Act on terms as he sees fit. To approve the Liquidator's ability to compromise debts owed to the company, which is limited to $100,000.00 by section 477(2A) of the Act, if thought fit, authorise an increase in the prescribed limit to $450,000.00.
Creditors wishing to attend are advised proofs and proxies should be submitted to the liquidator by:
Frank Lo PilatoLiquidator