Australia, May 9 -- the BIMM Group SPV Pty. Ltd. (ACN: 673 572 239) has issued an insolvency 'notice of resumed meeting of creditors.'

Status: Administrators Appointed

Appointment Date: Feb. 04

Meeting Details: "Notice is given that a resumed meeting of the creditors of the Company, or a resumed meeting for each of the Companies, (for multiple companies), will be held:

Location: Via teleconference from the offices of KPT Restructuring, Suite 10.01, Level 10, 50 Pitt Street, Sydney NSW 2000

Meeting date: 16 May 2025

Meeting time: 11:30AM (AEST)."

The agenda of the meeting is: "Agenda items are:

- to receive a supplementary report by the administrators about the business, property, affairs and financial circumstances of the Company;

- to determine the past and future remuneration of the administrators;

- to determine the internal disbursements of the administrators;

- to receive a statement of Administrator(s) opinion and reasons for the opinion:

a. whether it would be in the creditors' interests for the Company to execute a deed of company arrangement;

b. whether it would be in the creditors' interests for the administration to end;

c. 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) to (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 to resolve that:

a. the meeting be adjourned

b. the Company execute a deed of company arrangement; or

c. the administration should end; or

d. the Company be wound up.

Other agenda items are:

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

-. to determine the deed administrator(s) and or liquidator(s) internal disbursements if appointed

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

-. to consider a resolution that the liquidator be authorised to compromise debts owing to the Company at their discretion and not otherwise be subject to the limitations under section ---) of the Corporations Act -01

-. to consider a resolution that the liquidator be authorised to enter into arrangements lasting longer than three (- months and not otherwise be subject to the limitations under section ---) of the Corporations Act -01

-. to consider a resolution that the liquidator be authorised to destroy the books and records of the Company six months after deregistration of the Company, subject to obtaining consent of the Australian Securities and Investments Commission

-. to consider the appointment of a committee of inspection and, if so, who are to be the committee members

-. to consider a resolution that members of the committee of inspection, and any related entity of those members, be permitted to deal with and provide goods and/or services to the Company and/or its deed administrators in the ordinary course of business for the period of the deed of company arrangement

-. to consider a resolution that the members of the committee of inspection, and any related entity of those members, be permitted to deal with and provide goods and/or services to the Company and/or its liquidator in the ordinary course of business for the period of the liquidation

-. any other business that may lawfully arise."

The detailed information can be found at: https://publishednotices.asic.gov.au/browsesearch-notices/notice-details/The-BIMM-Group-SPV-Pty-Ltd-673572239/6e523286-6fc6-403c-8969-07ef1af62ccb

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

Disclaimer: Curated by HT Syndication.