INSOLVENCY NOTICE: NEWCASTLE RECYCLING GROUP ISSUES 'NOTICE OF SECOND MEETING OF CREDITORS OF UNDER ADMINISTRATION'

Australia, Dec. 14 -- NEWCASTLE RECYCLING GROUP Pty. Ltd. (ACN: 639 003 482) has issued an insolvency 'notice of second meeting of creditors of company under administration.'

Status: Administrators Appointed

Appointment Date: Nov. 15

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 teleconference only. The nominated physical address for this virtual meeting is HallChadwick Chartered Accountants, Level 40, 2 Park Street, Sydney NSW 2000,however, no in-person attendance is permitted at this address

Meeting date: 19 December 2024

Meeting time: 11:00am (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:

- whether to adjourn the meeting (for a maximum of - business days);

- approval of the remuneration and internal disbursements of the Administrator(s), the Deed Administrator(s) or the Liquidator(s);

- if the Company executes a Deed of Company Arrangement, the appointment of the Deed Administrator(s);

-. if the Company is wound up, the appointment of the Liquidator(s);

-. to consider the early destruction of the books and records of the Company;

-. to consider appointing a Committee of Inspection and if so, who are to be the committee members and that committee members may directly or indirectly gain a profit or advantage from the external administration of the Company; and

-. any other business."

The detailed information can be found at: https://publishednotices.asic.gov.au/browsesearch-notices/notice-details/NEWCASTLE-RECYCLING-GROUP-PTY-LTD-639003482/a849ea67-bac9-473d-9ad4-00ea669c2625

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

Disclaimer: Curated by HT Syndication.