INSOLVENCY NOTICE: SHORT MARINE, SHORT MARINE QUEENSLAND ISSUE 'NOTICE OF SECOND MEETING OF CREDITORS OF UNDER ADMINISTRATION'

Australia, April 11 -- GAME AND LEISURE BOATS (SHORT MARINE Pty. Ltd. and SHORT MARINE QUEENSLAND Pty. Ltd. (ACN: 606 400 819 and 653 679 595) have) issued an insolvency 'notice of second meeting of creditors of company under administration.'

Status: Administrators Appointed

Appointment Date: March 12

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 Zoom and at

Vincents

Level 14, 25 Martin Place

SYDNEY NSW 2000

Meeting date: 16 April 2025

Meeting time: 11:00AM (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 determine the remuneration of the administrator(s)

- to determine the future remuneration of the administrator(s)

- to determine the deed administrator(s) and or liquidator(s) future remuneration if appointed

- to consider the appointment of an alternative deed administrator(s) or liquidator(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

- if the company is wound up to consider the early destruction of books and records

- any other business

- to adjourn the second statutory meeting of creditors for an aggregate period of up to forty-five (-) business days from - April --

- to fix the internal disbursements of the Administrators

- to fix the internal disbursements of the Deed Administrator (if appointed)

- to fix the internal disbursements of the Liquidators (if appointed)."

The detailed information can be found at: https://publishednotices.asic.gov.au/browsesearch-notices/notice-details/SHORT-MARINE-QUEENSLAND-PTY-LTD-653679595/f4c193ec-5a17-44d7-9023-189542a51b36

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

Disclaimer: Curated by HT Syndication.