Procision Pty. Ltd. – Notice Of Appointment As Liquidator – 20 June 2025

Insolvency News can report the Company Procision Pty. Ltd. with ABN: 104 395 698 has received a notice of (NOTICE OF APPOINTMENT AS LIQUIDATOR). This notice was published on the 20 June 2025.

What this notice means:

Explanation: A liquidator has been appointed to oversee the winding-up process. This involves selling the company’s assets, paying creditors, and distributing any remaining funds to creditors and shareholders.

Implications: Creditors may begin receiving repayments based on the proceeds from asset sales, but shareholders often receive little or nothing if the debts exceed assets.

Details of this notice are as follows:

NOTICE OF APPOINTMENT AS LIQUIDATOR

Company details

Resolution

Notice is given that at a general meeting of the members of the Company held on 20 June 2025, it was resolved that the Company be wound up and that Sule Arnautovic be appointed liquidator(s).