Eurofinance Capital Limited

Case studies

OrotonGroup Limited 

Insolvency case information

Appointment Details

Appointment type:

Deed of Company Arrangement

Appointment date:

30 November 2017

ACN: 

OrotonGroup Limited
ACN 000 038 675

OrotonGroup (Australia) Pty Ltd
ACN 000 704 129

OrotonGroup (Licence Company) Pty Ltd
ACN 166 068 695

(All subject to Deed of Company Arrangement)
(the Companies or OrotonGroup)

Appointee(s):

Vaughan Strawbridge and Glen Kanevsky

Office:

Sydney

Enquiries:

General enquiries
Lauren Webb
Tel: +61 2 8260 6702
Email

Media enquiries
Simon Rushton
Tel: +61 2 9322 5562
Email

URL:

www.deloitte.com/au/OrotonGroup

Related Links

ASIC
Insolvency information sheets

Help for workers who have recently lost their jobs
Job Services Australia publication

Taking care of yourself after retrenchment or financial loss
Beyond Blue publication

Background

Vaughan Neil Strawbridge and Glen Kanevsky were appointed Joint and Several Administrators of the Companies on 30 November 2017, pursuant to section 436A of the Corporations Act 2001 (Cth). Subsequently, at the second meeting of creditors held on 29 March 2018, creditors resolved that the Companies execute a Deed of Company Arrangement (DOCA) as part of a recapitalisation of the business.

On 2 August 2018, the DOCA effectuated and Vaughan Neil Strawbridge and Glen Kanevsky were appointed Trustees of the ORL Creditors’ Trust.

On 30 April 2021, Glen Kanevsky in his capacity as joint and several trustee of the ORL Creditors’ Trust confirmed that the Trustees obligation to distribute the Trust Fund has been satisfied. Accordingly, the ORL Creditors’ Trust Deed has been terminated and the Trustees have resigned as Trustees of the ORL Creditors’ Trust Deed.

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