INSOLVENCY NOTICE: TEKT ASSET HOLDINGS ISSUES 'NOTICE OF SECOND MEETING OF CREDITORS OF UNDER ADMINISTRATION'

Australia, Jan. 25 -- Tekt Asset Holdings Pty. Ltd. (ACN: 136 534 328) has issued an insolvency 'notice of second meeting of creditors of company under administration.'

Status: Administrators Appointed

Appointment Date: Jan. 06

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: By Zoom Videoconferencing at the offices of Jirsch Sutherland,

Level 1, 14 Watt Street, Newcastle NSW 2300.



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: 30 January 2025

Meeting time: 10:00AM 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 Administrators' remuneration;

- To consider the Joint and Several Administrators' annual administration charge;

- For creditors to resolve that:

(a) A Deed of Company Arrangement be executed by Tekt Asset Holdings Pty Ltd; or

(b) The Administration of Tekt Asset Holdings Pty Ltd should end; or

(c) That Tekt Asset Holdings 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 TEKT ASSET HOLDINGS 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/Tekt-Asset-Holdings-Pty-Ltd-136534328/78c7b368-6d2b-4b49-afb7-32c8f4fb4c26

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

Disclaimer: Curated by HT Syndication.