Insolvency Notices

Company

BLU PROJECTS & DEVELOPMENTS LIMITED

Notice Type
Meetings of Creditors
Publication date
21/09/2021
Edition
The London Gazette
Notice ID
3888073
Notice Code
2442

NOTICE OF VIRTUAL MEETING

BLU PROJECTS & DEVELOPMENTS LIMITED

(Company Number 10465506)

NOTICE IS GIVEN by the Board of Directors to the creditors of Blu Projects & Developments Limited that a virtual meeting of creditors has been summoned under section 100 of The Insolvency Act 1986 , for the purpose of seeking resolutions on the following:

i) The appointment of a Liquidator of the Company.

ii) That the Liquidator's fees will be charged by reference to the time properly spent by him and his staff in dealing with the matters relating to the Liquidation, such time to be charged at the hourly charge out rate of the grade of staff undertaking the work at the time the work is undertaken and subject to the fees estimate set out in the report prepared in connection with fee approval and issued with the notice of the meeting.

iii) That the Liquidator be permitted to recover category 2 disbursements.

iv) That the fees and disbursements of Kallis Insolvency Practitioners in respect of assisting the Board of Directors in preparing a Statement of Affairs and seeking a decision from creditors on the nomination of a liquidator amounting to ÂŁ5,000.00 plus disbursements plus VAT be paid from realisations as an expense of the liquidation.

Creditors should note that:

1. Members will consider the winding up resolution on 24 September 2021.

2. The Directors are required to make out a statement of affairs of the Company and provide a copy to all creditors before 24 September 2021, the Decision Date, and before the period of 7 days beginning with the day after the day on which the company passes a resolution for winding up.

3. The meeting will be held as follows:

Date: 24 September 2021, The Decision Date

Time: 11.00

4. Access to the virtual meeting can be gained from 11:00 am on 24 September 2021 by https://global.gotomeeting.com/join/131337093 and inserting the following password/access code when prompted BLU3650.

5. Creditors entitled to attend and vote at the meeting may do so personally or by proxy. A creditor can attend the virtual meeting and vote, and are entitled to vote if they have submitted proof of their debt by no later than 4 p.m. on the business day before the meeting. Failure to do so may lead to their vote(s) being disregarded.

6. Any creditor unable to attend in person, but wishing to vote at the meeting can either nominate a person to attend on their behalf, or nominate the Chair of the meeting to vote on their behalf. Creditors must have delivered their proxy in advance of the meeting.

7. All proofs of debt and proxies must be delivered to Kallis & Company, Mountview Court, 1148 High Road, Whetstone, London N20 0RA.

8. Creditors with small debts, that is claims of ÂŁ1,000 or less, must have lodged proof of their debt for their vote to be valid.

9. Any creditors who have previously opted out from receiving documents in respect of the insolvency proceedings are entitled to vote on the decision(s) provided they have lodged proof of their debt.

10. Creditors may, at any time prior to 24 September 2021, the Decision Date, request that a physical meeting of creditors be held to determine the outcome of the resolutions. Any request for a physical meeting must be delivered to Kallis & Company, Mountview Court, 1148 High Road, Whetstone, London N20 0RA and be accompanied by valid proof of their debt (if not already lodged). A meeting will be convened if creditors requesting a meeting represent a minimum of 10% in value or 10% in number of creditors or simply 10 creditors, where "creditors" means "all creditors."

11. Creditors have the right to appeal a decision of the convener or chair made under Chapter 8 of Part 15 of The Insolvency (England and Wales) Rules 2016 about Creditors' Voting Rights and Majorities, by applying to court under Rule 15.35 of The Insolvency (England and Wales) Rules 2016 within 21 days of 24 September 2021, the Decision Date.

12. The Chair of the meeting may adjourn or suspend the meeting if necessary, and must do so if so resolved by creditors.

13. Any creditors excluded from the meeting, may complain to the chair during the meeting, or the convener of the meeting by no later than 4 p.m. the business day following the exclusion, in accordance with rule 15.38. (An excluded creditor is a person who has taken all necessary steps to attend a virtual meeting or, has been permitted by the convener to attend a physical meeting remotely, under arrangements which have been put in place by the convener but do not enable that person to attend the whole or part of the meeting.)

14. Kikis Kallis (IP No 004692) of Kallis & Company, is qualified to act as an Insolvency Practitioner in relation to the Company and will, during the period before the day of the meeting, furnish creditors free of charge with such information concerning the Company's affairs as they may reasonably require. Creditors can contact Kallis & Company on 020 8446 6699 or by email at Ben@kallis.co.uk

15. Creditors are informed that the Board of Blu Projects & Developments Limited have nominated Kikis Kallis of Kallis & Company, Mountview Court, 1148 High Road, Whetstone, London N20 0RA to act as Liquidator of the Company.

16. Please note that the meeting may be recorded for training and monitoring purposes.

DATED THIS 6TH DAY OF SEPTEMBER 2021

BY ORDER OF THE BOARD

Jean Franscesco Albuquerque , Director-Convener of the Decision Procedure