proof of debt claim

Proof of debt claim

Two members of the board of ARL have approached the Liquidators of Octaviar Limited (In Liquidation) and Octaviar Administration Pty Limited (In Liquidation) to be admitted as members of the Committees of Inspection (“COI”) to each of these companies, where Wellington Capital Limited filed Proofs of Debt on behalf of PIF. It is expected that a meeting of the COI will be held in September 2013.
The liquidators of Octaviar Administration Pty Ltd (In liquidation) have advised of their intention to declare a second dividend to unsecured creditors in late August 2013. This dividend of $1,097,727.23 was received on 9 September 2013 and has been placed under investment. ARL’s claim, admitted to prove in the Liquidation, is $137million.