On 20 May 1968 the company gave the bank notice of a meeting of creditors to be held on 12 June under sections 294 and 295 of the Companies Act 1948.
22.
Also Sunday, the independent administrator now managing the collapsed carrier offered some workers a glimmer of hope, saying a meeting of creditors scheduled for Tuesday may save some of their jobs.
23.
Those attending the first meeting of creditors of the 40 failed firms were interested in the establishment of the committee as they raised several questions about its role with the FRA.
24.
"It is critical that the court safeguard the public nature of the upcoming meeting of creditors and ensure that it is a meaningful public exercise, " said Frank Long, the newspapers'attorney.
25.
Further documents filed with the Australian Securities and Investments Commission on 5 October 2011 revealed that following a meeting of creditors a decision had been made that Team Bondi be wound up.
26.
However, to pursue its rights under the guarantee, the creditor has to go through a notice procedure with the guarantor prior to the meeting of creditors to consider the scheme of arrangement.
27.
Thereafter a meeting of creditors is convened, and they may by resolution of 75 % of creditors in value seek to implement an arrangement or compromise in relation to the debts of the bankrupt.
28.
At a meeting of creditors Thursday in Guangzhou, the provincial capital of Guangdong, the bankruptcy court said that foreign and Chinese banks had lodged $ 5.66 billion in claims against GITIC and three subsidiaries.
29.
The day of reckoning comes during the meeting of creditors, a gathering during which a trustee grills company officials on records submitted, on expenses in the last months, on the quality of listed assets.
30.
They employ bodyguards after having been attacked by angry employees while walking into meetings of creditors, accused of embezzling $ 400, 000, and detained by the police on charges of violating their work permits.
