File Details
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File Summary
This is to advise that Nikhil Khatri was appointed liquidator of Pepper Bite Pty Ltd Formerly the trustee for Pepper Bite Unit Trust on 17 February 2025.Please check your records and advise us whether you are owed any money by the Company.
An Initial Report was issued on 3 March 2025
We are currently working on:
•Recovery of the records of the Company
•Realisation of any physical assets
•Collection of amounts due to the Company
•Investigation into offences
•Investigation into potential void transactions
Please tell us (on kitty.evas@worrells.net.au) of any matters that you believe should be investigated. We will report on these matters in later advices to creditors.
Your Questions answered
Reasons for Insolvency
We curently have no reasons for the administration
Collections Summary
Debtors Collection
There are no debtors to collect on this file.
Scheduled Collections
There are no scheduled agreements in place for this file.
Meeting of Creditors
Future Meetings
There are no future meetings for this file.
Past Meetings
A Proposal without a Meeting was called for 27 March 2025 at 05:00 pm.
Minutes of Meeting are made available shortly after each meeting and can be found in the Client Documents section below.
Creditor Information
| Received | Admitted | |
|---|---|---|
| Number of Creditors Recorded | 7 | |
| Number of PODs Claimed | 3 | 0 |
| Total of PODs Claimed | $286,862.00 | $0.00 |
| Total of Employee PODs Claimed | $0.00 | $0.00 |
| Total of Secured PODs Claimed | $26,526.00 | $0.00 |
| Total of Unsecured PODs Claimed | $260,336.00 | $0.00 |
If your debt in this estate is guaranteed by another party, and your guarantee contains a clause restricting that other party from proving their debt (if they have one) in this estate until your debt is paid, you must provide this office with a copy of that guarantee document before any meeting of creditors or payment of dividend.
Distribution Summary
Future Distributions
There are no future distributions for this file.
Past Distributions
There are no past distributions for this file.
Receipts and Payments Summary
Receipts Summary
| Account name | Total |
|---|---|
| Interest Earned | $29.21 |
| Upfront Indemnity | $10,000.00 |
| Total receipts | $10,029.21 |
Payments Summary
| Account name | Code | Total |
|---|---|---|
| Appointees Remuneration | $7,843.00 | |
| Searches | B1 | $131.15 |
| Total payments | $7,974.15 |
Assets Summary
| Cash at Bank | $2,055.06 |
| Total assets | $2,055.06 |
Disbursement Summary
| Category | Code | Total ($) |
|---|---|---|
| External - Non-Professional | B1 | $131.15 |
Disbursements are divided into three types: A, B1, B2.
- A - disbursements are all externally provided professional services and are recovered at cost. (e.g.legal fees)
- B1 - disbursements are externally provided non-professional costs such as travel, accommodation and search fees. B1 disbursements are recovered at cost.
- B2 - disbursements are internally provided non-professional costs such as photocopying and document storage.B2 disbursements are charged at cost except for photocopying, printing and telephone calls which are charged at a rate which is intended to recoup both variable and fixed costs.
Fee Information (GST Inclusive)
Summary
| Time Spent | $8,674.50 |
| Fees Drawn | $8,627.30 |
| Fees Written Off | $0.00 |
| WIP Balance | $47.19 |
Time spent by Employees
| Employee | Position | Hourly rate (ex GST) |
Total Hours | Total (ex GST) |
|---|---|---|---|---|
| Nikhil Khatri | Principal | $680.00 | 1h 17m | $872.65 |
| Philipp Stark | Senior Manager | $615.00 | 1h 40m | $1,025.01 |
| Hamish McNeven | Executive Analyst | $475.00 | 0h 22m | $174.17 |
| Kitty Evas | Senior Business Analyst | $390.00 | 11h 6m | $4,335.50 |
| Guinness Downey | Business Analyst | $345.00 | 0h 22m | $124.66 |
| Gustavo Lambert | Financial Assistant | $260.00 | 2h 35m | $676.00 |
| Totals | 17h 23m | $7,208.00 | ||
| GST | $720.80 | |||
| Total including GST | $7,928.80 | |||
| Avg hourly rate | $506.92 |
Time Spent by Category
| Category | Total Hours | Total (inc GST) |
|
|---|---|---|---|
| Administration | 0h 50m | $364.65 | |
| Assets | 1h 53m | $867.35 | |
| Creditors | 10h 50m | $5,285.87 | |
| Dividend | 0h 16m | $121.55 | |
| Investigations | 3h 31m | $1,289.38 | |
| Totals | 17h 23m | $7,928.80 |
Client Documents
| Date | Name |
|---|---|
| 03/03/2025 | Initial Advice |