INSOLVENCY NOTICE: SHADYGLEN CATTLE CO ISSUES 'NOTICE OF SECOND MEETING OF CREDITORS OF UNDER ADMINISTRATION'

Australia, March 15 -- Shadyglen Cattle Co Pty. Ltd. (ACN: 604 134 027) has issued an insolvency 'notice of second meeting of creditors of company under administration.'

Status: Administrators Appointed

Appointment Date: Feb. 17

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: 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: 20 March 2025

Meeting time: 10:30AM (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) The Administration of Shadyglen Cattle Co Pty Ltd should end; or

(b) That Shadyglen Cattle Co Pty Ltd be wound up.

IN THE EVENT SHADYGLEN CATTLE CO PTY LTD 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 the appointment and constitution of a committee of inspection;

- To authorise the Liquidator(s) 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/Shadyglen-Cattle-Co-Pty-Ltd-604134027/11693ca5-c528-4579-800c-31765ddbfc0b

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

Disclaimer: Curated by HT Syndication.