INSOLVENCY NOTICE: JPS PLUMBING SERVICES ISSUES 'NOTICE OF SECOND MEETING OF CREDITORS OF UNDER ADMINISTRATION'

Australia, Jan. 17 -- JPS PLUMBING SERVICES (Gerowa Pty. Ltd.) (ACN: 050 290 205) has issued an insolvency 'notice of second meeting of creditors of company under administration.'

Status: Administrators Appointed

Appointment Date: Dec. 10, 2024

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: Via Zoom Videoconferencing at Jirsch Sutherland, Level 1, 14

Watt Street, NEWCASTLE NSW 2300.

The meeting is being held virtually only. No physical

attendance at the meeting will be permitted. The address

has been stated to comply with Insolvency Practice Rules

(Corporations) requirements only.

Meeting date: 23 January 2025

Meeting time: 10:00am (AEDT)."

The agenda of the meeting is: "The purpose of the meeting(s) is:

- to receive the report by the Administrator(s) about the business, property, affairs and financial circumstances of the Company(ies); and

- to receive a statement of Administrator(s) opinion and reasons for the opinion:

- whether it would be in the creditors' interests for the Company(ies) to execute a deed of company arrangement;

- whether it would be in the creditors' interests for the administration to end;

- whether it would be in the creditors' interests for the company to be wound up;

- 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 -a) - (c) above;

- 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 -- of the Act

- to receive details of any proposed deed of company arrangement; and

- for the creditors of the Company(ies) to resolve that:

- the Company(ies) execute a deed of company arrangement; or

- the administration(s) should end; or

- the Company(ies) be wound up.

Other agenda items are:

-To consider the approval of the Joint and Several Voluntary Administrators

remuneration;

-To consider the annual administration charge;

- For creditors to resolve that:

(a) A Deed of Company Arrangement be executed by Gerowa Pty. Limited; or

(b) The Administration of Gerowa Pty. Limited should end; or

(c) That Gerowa Pty. Limited be wound up.

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

- To consider the nomination of a person(s) to be Deed Administrator(s);

-To consider approval of the Deed Administrator?s remuneration;

-To consider approval of the Deed Administrator?s annual administration charge;

IN THE EVENT GEROWA PTY. LIMITED IS WOUND UP

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

-To consider approval of the Liquidator?s remuneration;

-To consider approval of the Liquidator?s annual administration charge;

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

-. To authorise the Liquidator to be able to destroy the books and records of the

Company within a period of six (- months after the dissolution of the Company,

subject to obtaining prior approval from the Australian Securities & Investments

Commission (ASIC); and

-. Any other business."

The detailed information can be found at: https://publishednotices.asic.gov.au/browsesearch-notices/notice-details/Gerowa-Pty-Limited-050290205/406022d4-5dfa-453b-8653-82089fb115aa

NOTE: This information has been taken from the Australian Securities and Investment Commission's website.

Disclaimer: Curated by HT Syndication.