Notice of Appointment of Liquidator
David Petterson, forensic accountant of Levin, was
appointed liquidator of POLYETHYLENE PIPE SYSTEMS LIMITED (in receivership and in liquidation), pursuant to section 241(2)(c) of the Companies Act 1993.
The liquidation commenced on 5 October 2009 at 12.00 midday.
Notice of Meeting of Creditors
The liquidator does not consider that a meeting of creditors should be held as at the present time the report of the incumbent receiver projects the indicative liabilities of
the company materially exceeding the value of its assets such that a distribution to unsecured creditors is unlikely.
In the event that this position changes, the liquidator will advise, in writing, all creditors (at the address advised at the time of lodging their claim) of the changed position.
Accordingly, no meeting of creditors will be called in
the interim unless a creditor gives notice in writing to the liquidator within 10 working days after the publication of this notice, requiring a meeting to be called.
Notice to Creditors to Claim
Notice is given that as liquidator of POLYETHYLENE PIPE SYSTEMS LIMITED (in receivership and in liquidation), I fix Wednesday, 28 October 2009, as the day on or before which the creditors of the company are to make their claims and to establish any priority their claims may have, under section 312 of the Companies Act 1993, or to be excluded from the benefit of any distribution made before the debts are claimed or, as the case may be, from objecting to the distribution.
Dated this 6th day of October 2009.
DAVID ROSS PETTERSON, Liquidator.
Creditors and Shareholders May Direct Enquiries to: David Petterson, Forensic Accounting Services Limited, PO Box 1003, Levin 5540. Telephone: (06) 367 8044. Email: david@fasl.co.nz