Insolvency Notices

Company

TRUSLIT LIMITED

Notice Type
Meetings of Creditors
Publication date
07/02/2022
Edition
The London Gazette
Notice ID
3986168
Notice Code
2442

NOTICE OF DECISION PROCEDURE

TRUSLIT LIMITED

Trading Name: Truslit Ltd

(Company Number 12293180)

(“the Company”)

This Notice is given under Rule 6.14 and 15.8 of the Insolvency (England & Wales) Rules 2016 (“the Rules”). It is delivered by Janet Lesley Vass, a director of the Company, c/o Hemal Mistry, of Horsfields, Belgrave Place, 8 Manchester Road, Bury, BL9 0ED (telephone number 0161 763 3183).

It is proposed that the following decisions be made:

1. The creditors confirmed the nomination of the liquidators appointed by the members and accordingly, Manubhai Govindbhai Mistry and Hemal Mistry remain as liquidators of the company.

2. That a Liquidation Committee be established if sufficient nominations by 11 February 2022 are received and those nominated are willing to be members of a Committee.

However, in the event that no committee is established creditors are asked to vote on the following decisions:

The approval of the fee for preparing the statement of affairs and for convening the procedure to seek a decision from creditors on the nomination of a liquidator

3. The basis of the Joint Liquidators’ fees

4. The approval of the Joint Liquidators’ Category 2 expenses

A resolution to wind up the company is to be considered by shareholders on 11 February 2022.

The proposed liquidators who are qualified to act as insolvency practitioners are:

Names of Insolvency Practitioners : Manubhai Govindbhai Mistry and Hemal Mistry

Address of Insolvency Practitioners: Horsfields, Belgrave Place, 8 Manchester Road, Bury, BL9 0ED

IP Numbers 7787 and 10770

Email Address info@horsfields.com

Telephone Number 0161 763 3183

On the two business days falling next before the decision date, a list of the names and addresses of the company’s creditors will be available for inspection free of charge at Horsfields, Belgrave Place, 8 Manchester Road, Bury, BL9 0ED.

The virtual meeting will be held as follows:

Time: 11.00 a.m.

Date: 11 February 2022

To access the virtual meeting: Call 0161 763 3183 on the business day prior to the meeting to obtain access details.

This virtual meeting may be recorded in order to establish and maintain records of the existence of relevant facts or decisions that are taken at the meeting. By attending this meeting, you consent to being recorded. Where any recording of the meeting also entails the processing of personal data, such personal data shall be treated in accordance with the Data Protection Act 2018.

The virtual meeting may be suspended or adjourned by the chair of the meeting (and must be adjourned if it is so resolved at the meeting).

Also provided is a proxy form to enable creditors to appoint a proxy-holder to attend on their behalf (note: any creditor who is not an individual must appoint a proxy-holder, if they wish to attend or be represented at the meeting).

All proxy forms, together with a proof of debt if one has not already been submitted, must be completed and returned by one of the methods set out below:

By post to: Horsfields, Belgrave Place, 8 Manchester Road, Bury, BL9 0ED

By fax to: 0161 763 1283

By email to: info@horsfields.com

Please note that, if you are sending forms by post, you must ensure that you have allowed sufficient time for the forms to be delivered to the address above by the times set out below. Unless the contrary is shown, an email is treated as delivered at 9.00 a.m. on the next business day after it was sent.

All proofs of debt must be delivered by: 4.00 p.m. on 10 February 2022.

All proxy forms must be delivered to the convener or chair before they may be used at the meeting fixed for 11.00 a.m. on 11 February 2022.

If your proof of debt has not been received by the time specified above (whether submitted previously or as a result of this Notice), that creditor’s vote will be disregarded. Any creditor whose debt is treated as a small debt in accordance with Rule 14.31(1) of the Rules must still deliver a proof if the creditor wishes to vote. A creditor who has opted out from receiving notices may nevertheless vote if the creditor also provides a proof by the time set out above.

Creditors who meet one or more of the statutory thresholds listed below may, between the delivery of this notice and the Decision Date, require a physical meeting to be held to consider the matters detailed above.

Statutory thresholds to request a meeting:

10% in value of the creditors

10% in number of the creditors

10 creditors

If the threshold is met, the decision procedure will terminate without a virtual meeting being held and a physical meeting shall be convened.

Creditors who have taken all steps necessary to attend the virtual meeting under the arrangements made by the convener, but that do not enable them to attend the whole or part of the meeting, may complain under Rule 15.38 of the Rules. A complaint must be made as soon as reasonably practicable and in any event no later than 4pm on the business day following the day on which the person was, or appeared to be, excluded; or where an indication is sought under Rule 15.37, the day on which the complainant received the indication.

A creditor may appeal a decision by application to the court in accordance with Rule 15.35 of the Rules. Any such appeal must be made not later than 21 days after the Decision Date.

Janet Lesley Vass - Director and Convener

2 February 2022