Lotus Folding Walls creditors to vote on company's fate on 6 Nov

Lotus Folding Walls And Doors Pty Ltd, a Victorian company placed into voluntary administration on 20 August 2026, has a resumed meeting of creditors set down for 6 November, an ASIC notice published on 29 October confirmed.

Why it matters

The notice records that joint and several voluntary administrators Innis Cull and David Coyne of BRIFVIC were appointed to the company on 20 August 2026, and that a resumed meeting of creditors is listed for 6 November. The notice names the company’s ACN as 007 087 523, consistent with Lotus Folding Walls And Doors Pty Ltd. It is lodged under sections 75-40(1) and 75-140(6) of the Insolvency Practice Rules (Corporations) 2016, and lists the company’s status as Administrators Appointed, Victoria.

The Victorian Building and Plumbing Commission register lists the company with a Commercial Builder - Limited licence (current) and a Domestic Builder - Limited licence (suspended). Builders, contractors and clients owed money by the company now have a fixed date, 6 November, to find out whether the company continues to trade or is wound up. A resumed meeting follows an earlier meeting of creditors already held during the administration, though the notice does not give that first meeting’s date.

The numbers

The notice sets out the key dates precisely. Administrators were appointed 20 August 2026. The resumed creditors meeting is listed for 6 November 2026 at 10.00am, held virtually rather than in person. The agenda also asks creditors to fix the administrators’ remuneration for the period 16 September to 23 October 2026, a roughly five-week stretch that shows the administration has continued well past the initial appointment rather than resolving quickly. The remuneration request is set out in a Remuneration Request Approval Report dated 29 October 2026.

What’s next

At the 6 November meeting, creditors will resolve one of three outcomes set out on the notice: that the company execute a deed of company arrangement, that the administration end, or that the company be wound up. The notice marks the deed of company arrangement option as not available, leaving ending the administration or winding up the company as the live choices for creditors. The agenda also has creditors receive and consider a report from the administrators, and consider a summary of the administrators’ receipts and payments.

No cause is stated. The notice confirms administration since 20 August 2026, administrators’ remuneration into late October, and a creditors’ vote on 6 November. A separate ASIC notice this month records a winding up application against Function Homes, another Victorian builder. Until that vote, Lotus remains in voluntary administration, under Innis Cull and David Coyne as its joint and several administrators.