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SMART COMMUNICATIONS GROUP LIMITED(SCG)

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company deregistered 23/03/2011

23/03/2011

a final dividend is declared on 6 March 2009 for the Company

06/03/2009

liquidators confirm that no action will be taken in respect of insolvent and wrongful trading - they submitted their report to ASIC who decided that no further action would be taken - the liquidation can therefore be finalised - the liquidators have recently advertised for claims from unsecured creditors as there will be a small dividend paid to this class of creditor

18/09/2006

a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued

19/04/2004

the liquidators are pursuing the directors of the company for insolvent trading pursuant to s 588G of the Corporations Act 2001 - the trial is intended to be held in November 2004

31/03/2004

seeking update since 10 mar 04

26/03/2004

the position remains unchanged - the insolvent trading claim against three directors is progressing as per the court timetable - trial will be in the first half of 2004 - the balance of employee claims amounting to $420,000 remains unpaid - this is to be paid before unsecured creditors

09/10/2003

seeking update

25/09/2003

liquidators advise that the only remaining possible source of funds is from the outcome of Supreme Court damages claim against the directors for insolvent trading - a hearing date is due to be fixed by the court in June

02/05/2003

liquidators advise that it is unlikely there will be any distribution to shareholders apart from the possibility (see above) of funds arising from using the corporate shell

16/10/2002

liquidators advise that the corporate shell may be used and there is some possibility of funds flowing to shareholders as a result - this may take 12 months

16/10/2002

delisted due to failure to pay annual listing fee

30/08/2002

there has been no release to the market by the company since 27 November 2001 and the company was delisted on 30 August 2002

30/08/2002

liquidators advise of potential damages claim against directors for insolvent trading

08/08/2002

liquidators indicate they are still considering a damages claim for breach of contract by the Lucas Group

08/08/2002

creditors resolve to wind company up and MW Prentice and MJ Robinson appointed liquidators

18/12/2001

administrator advises that he hopes proceeds from sale of assets to AJ Lucas Group Ltd will provide a substantial recovery to unsecured creditors

27/11/2001

AJ Lucas Group Ltd acquires the principal assets and business undertaking from the voluntary administrators

13/11/2001

company advises it is attempting to negotiate an outcome to its dispute with AJ Lucas Group Ltd

25/10/2001

M Robinson and M Prentice appointed as voluntary administrators, AJ Lucas Group Ltd concludes that it will not proceed with the takeover

25/10/2001

company requests suspension of securities from quotation until the takeover negotiations with AJ Lucas Group Ltd have reached a conclusion

24/10/2001

ASX Announcements (courtesy of ASX)

 

 

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