Australia, June 12 -- M Group Trades and Labour Pty. Ltd. (ACN: 616 048 367) has issued an insolvency 'notice of second meeting of creditors of company under administration.'

Status: Administrators Appointed

Appointment Date: May 13

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: Office of SV Partners, Level 17

200 Queen Street, Melbourne, Victoria 3000

Meeting date: 18 June 2025

Meeting time: 12:00PM."

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:

-At the meeting, creditors may also, by resolution adjourn the meeting for a period that must not exceed forty-five (- business days);

-To seek approval of the Joint and Several Administrators' remuneration;

-To seek approval of the Joint and Several Administrators' disbursements;

-.In the event that one is proposed and it is resolved that the Company executes a Deed of Company Arrangement, confirm Peter Gountzos and Fabian Kane Micheletto as the Joint and Several Deed Administrators of the Company;

-.To seek approval of the Joint and Several Deed Administrators' remuneration (if applicable);

-.To seek approval of the Joint and Several Deed Administrators' disbursements (if applicable);

-.In the event that the Company is wound up, confirm Peter Gountzos and Fabian Kane Micheletto as the Joint and Several Liquidators of the Company;

-.To seek approval of the Joint and Several Liquidators' remuneration (if applicable);

-.To seek approval of the Joint and Several Liquidators' disbursements (if applicable);

-.In the event that the Company is placed into Liquidation, authorise the Joint and Several Liquidators to destroy, at their discretion, the books and records of the Company and of the Liquidators within the retention period, subject to obtaining prior approval from the Australian Securities & Investments Commission;

-.To appoint a Committee of Inspection; and

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

The detailed information can be found at: https://publishednotices.asic.gov.au/browsesearch-notices/notice-details/M-Group-Trades-and-Labour-Pty-Ltd-616048367/823a5579-027f-41a7-b391-52d618460fd5

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

Disclaimer: Curated by HT Syndication.