INSOLVENCY NOTICE: SPEEDWAY AUSTRALIA ISSUES 'NOTICE OF SECOND MEETING OF CREDITORS OF UNDER ADMINISTRATION'

Australia, March 20 -- Speedway Australia (N.A.S.R. Inc.) (ACN: 151 048 396) has issued an insolvency 'notice of second meeting of creditors of company under administration.'

Status: Administrators Appointed

Appointment Date: Feb. 19

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: Level 4, 673 Murray Street

West Perth WA 6005

Meeting date: 26 March 2025

Meeting time: 12:00PM (AWST)."

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 determine the remuneration of the administrator(s)

- if the company is wound up, to consider the appointment of a committee of inspection and, if so, who are to be the committee members

- any other business

- To receive a statement setting out the Administrator(s) opinion and reasons about whether the meeting should be adjourned.

- To consider an alternative resolution that the meeting be adjourned for a period of up to - business days.

- In the event that it is resolved the Company should execute a Deed of Company Arrangement, to consider the appointment of a committee of inspection and, if so, who are the committee members."

The detailed information can be found at: https://publishednotices.asic.gov.au/browsesearch-notices/notice-details/NASR-Incorporated-151048396/f9d703ab-cc54-4df0-ba8e-07f1881bafd9

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

Disclaimer: Curated by HT Syndication.