INSOLVENCY NOTICE: 2 DEVELOP URBAN ISSUES 'NOTICE OF SECOND MEETING OF CREDITORS OF UNDER ADMINISTRATION'

Australia, June 10 -- 2 Develop Urban (2 Develop Urban Pty. Ltd.) (ACN: 631 784 239) has issued an insolvency 'notice of second meeting of creditors of company under administration.'

Status: Administrator Appointed

Appointment Date: May 20

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: Jirsch Sutherland

Level 9, 120 Edward Street

BRISBANE QLD 4000

Meeting date: 17 June 2025

Meeting time: 11:00 AM AEST."

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 Voluntary Administrator remuneration;

- To consider the annual administration charge;

- For creditors to resolve that:

(a) A Deed of Company Arrangement be executed by -Develop Urban Pty Ltd; or

(b) The Administration of -Develop Urban Pty Ltd should end; or

(c) That -Develop Urban Pty Ltd 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;

IN THE EVENT -DEVELOP URBAN 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/2-Develop-Urban-Pty-Ltd-631784239/96b38b8f-b305-440a-a959-95fbc4a52dbc

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

Disclaimer: Curated by HT Syndication.