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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: Steller 262 Pty Ltd (Administrators Appointed)
ACN: 625 076 520
Status: Administrators Appointed
Appointed: 20 September 2019

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: Based on the recent developments concerning the COVID-19 pandemic and Australian Federal Government policy on social distancing, together with the provisions of the Corporations (Coronavirus Economic Response) Determination (No. 1) 2020 (Cth), a physical meeting of creditors will not be held. The meeting will instead be held virtually using telephone conference facilities.
Meeting date: 09 July 2020
Meeting time: 10:00AM

(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. The purpose of the meeting is to determine the fate of the Company, specifically if:

    a. the Administration end; or

    b. the Company be wound up.

    2. At the meeting, creditors may also, by resolution adjourn the meeting for a period that must not exceed 45 business days.

    3. In the event that the Company is wound up, confirm Timothy James Brace, Michael Carrafa and Peter Gountzos as the Joint and Several Liquidators of the Company;

    4. To seek approval of the Joint and Several Liquidators remuneration and internal disbursements;

    5. In the event that the Company is put into Liquidation, authorise the Joint and Several Liquidators to destroy, at their discretion, the books and records of the Company within a period of 6 months after dissolution of the Company, subject to obtaining prior approval from the Australian Securities and Investments Commission; and

    6. Any other business which may be properly brought before the meeting.

    Proof of debt and proxies

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

    Time: 5:00PM
    Date: 08 July 2020

    Date of Notice: 02 July 2020

    Timothy James Brace
    Administrator

    Timothy James Brace, Michael Carrafa and Peter Gountzos
    Joint Appointees

    Address SV Partners
    Level 17, 200 Queen Street
    MELBOURNE VIC 3000
    Contact person Evan Bradshaw
    Contact number 03 9669 1100
    Facsimile 03 9670 4435
    Email melbourne@svp.com.au