Insolvency News can report the Company Olaes International Pty Ltd with ABN: 138 059 417 has received a notice of (NOTICE OF EXTENSION OF PROPOSAL PERIOD). This notice was published on the 23 June 2025.
What this notice means:
Explanation: An extension has been granted for submitting a formal proposal or restructuring plan. This provides additional time for the company to explore recovery options.
Implications: Offers breathing room but may delay creditor repayments.
Details of this notice are as follows:
NOTICE OF EXTENSION OF PROPOSAL PERIOD
Company details
Company: Olaes International Pty Ltd
Acn: 138 059 417
Trading Name: Cloud9 Consulting
Status: Restructuring Practitioner Appointed
Declaration:
Notice is given that the proposal period has been extended to 07 July 2025 on application by the Company under paragraph 5.3B.17(2).
Date Of Notice: 23 June 2025
Grahame Ward
Joint Restructuring Practitioner
Edwin Narayan
Joint Appointees
| Address | Mackay GoodwinSuite 12.02, Level 12, 20 Bridge Street, Sydney NSW 2000 |
| Contact person | Christian Basilisco |
| Contact number | 02 9220 7194 |
| cbasilisco@mackaygoodwin.com.au |
