Proceedings.

Crocus Investment Fund

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Proceeding
Receivership (court-appointed)Section 27 of the Securities Act, CCSM c. S50 and Queen's Bench Rule 14.05(2)(b)
File
CI 05-01-43350
Filings held49
Last activity24 Nov 2024
On the record7,755 days
OverviewSummary updated

Crocus Investment Fund has been under court-appointed receivership since June 28, 2005, when The Manitoba Securities Commission obtained the appointment of Deloitte & Touche, Inc. as Receiver under section 27 of The Securities Act, CCSM c. S50. The application proceeded in The Queen's Bench under court file CI 05-01-43350, invoking section 27 together with Queen's Bench Rule 14.05(2)(b). The receivership remains active. The Receiver filed a report dated August 2, 2005.

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Case updates49 dated entries
#Report

The officer filed report no. Receiver's Report No. 21. The receivership is winding down: the Receiver completed the Final Distribution, remitted unclaimed shareholder entitlements to the Minister of Finance, terminated back-office service arrangements, and is seeking final fee approval and disposition of residual trust funds to conclude the proceedings.

Source: Receiver's Report 21

46 earlier updates, back to 28 June 2005 subscribers.

Parties

Debtor

Crocus Investment Fund

Receiver

Deloitte

Bench and counselPer the orders and service lists on the record

Counsel of record

PartyCounselFirst seenSource
Creditorcertain former directors of Crocus Investment FundD'Arcy & Deacon LLP4 Sep 2009Order · 4 Sep 2009
CreditorManitoba Federation of LabourPitblado LLP13 Jul 2005Order · 13 Jul 2005
RecoveriesAs declared or paid

Equity: a distribution. Manitoba Federation of Labour paid in full · Province of Manitoba no distribution.FinalReceiver's Report 19 · 6 Jan 2022

ClassCreditorClaimsRecoveryBasisSource
EquityClass A and Class I shareholdersa distributioninterimFinalper the receiverReceiver's Report 19 · 6 Jan 2022
EquityClass L sharesManitoba Federation of Labourpaid in fullFinalper the receiverReceiver's Report 13 · 31 May 2011
EquityProvince of Manitobano distributionper the receiverReceiver's Report 16 · 6 Oct 2014

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

4 stated figures across 3 outcomes, each sourcedSubscribe to view
Fees and ratesAs stated in the filings

3 engagements · 2 firmslatest: Deloitte Restructuring Inc., 1 Apr 2012 – 31 Mar 2016Receiver's Report 17 · 12 May 2016

FirmPeriodHoursFeesRatesSource
(firm not named)Counsel to the receiverfirm not named in the headingApprovedorder 17 Jan 2022Receiver's Report 21 · 8 Nov 2023
Deloitte Restructuring Inc.Receiverperiod 1 of 21 Apr 2012 – 31 Mar 2016SoughtReceiver's Report 17 · 12 May 2016
Deloitte Restructuring Inc.Receiverperiod 1 of 2SoughtReceiver's Report 21 · 8 Nov 2023
43 stated figures across 3 engagements, each sourcedSubscribe to view
Estate financialsReported figures — never derived

Cumulative receipts

$53.2K

As at 8 Nov 2023Receiver's Report 21

3 more reported figures, as at 8 Nov 2023Subscribe to view
Documents
49 filings
DateDocumentFile
Receiver's CertificatePDF · Subscribers
Receiver's Report 21
  • Cash on hand · Disbursements · Fee schedule · Financial position Subscribers
  • + 5 more extracted facts
PDF · Subscribers
Receiver's Report 20PDF · Subscribers
Notice to ShareholdersPDF · Subscribers
Receiver's Report 19
  • Recovery outcome Entries: per actual; per actual; per actual; per unstated · Stated on: 2022-01-06 · Table missing:
  • Fee schedule Subscribers
PDF · Subscribers
Quarterly Report - December 31 ,2019.pdf
  • Recovery outcome Entries: per actual; per actual; per actual · Stated on: 2020-01-17 · Table missing:
PDF · Subscribers
Quarterly Report .pdf
  • Recovery outcome Entries: per actual; per actual; per actual; per unstated · Stated on: 2018-10-19 · Table missing:
PDF · Subscribers
Passing of Accounts, McCawley, J September 16, 2016PDF · Subscribers
Receiver's Report 18PDF · Subscribers
Receiver's Report 17
  • Recovery outcome Entries: per actual; per actual; per actual; per actual; per unstated · Stated on: 2016-05-12 · Table missing:
  • Fee schedule Subscribers
PDF · Subscribers
Receiver's Report 16
  • Recovery outcome Entries: per unstated; per unstated; per unstated · Stated on: 2014-10-06 · Table missing:
PDF · Subscribers
Order – McCawley J. November 29, 2012PDF · Subscribers
Judgment, McCawley J October 19, 2012PDF · Subscribers
Passing of Accounts, McCawley, J September 4, 2012PDF · Subscribers
Receiver's Report 15PDF · Subscribers
Receiver’s Report 14
  • Recovery outcome Entries: per actual; per actual; per actual; per actual; per actual · Stated on: 2012-05-25 · Table missing:
PDF · Subscribers
Judgment, McCawley, J December 12, 2011
  • Presiding officer Justice McCawley
PDF · Subscribers
Supplement to Receiver’s Report No. 13 - October 14,
  • Recovery outcome Entries: per estimated · Stated on: 2011-10-14 · Table missing:
PDF · Subscribers
Receiver's Report 13
  • Recovery outcome Entries: per actual; per actual; per unstated; per unstated; per estimated · Stated on: 2011-05-31 · Table missing:
PDF · Subscribers
Distribution Order
  • Counsel D'Arcy & Deacon LLP
  • Recovery outcome Entries: per actual; per actual · Stated on: 2009-09-08 · Table missing:
PDF · Subscribers
Receiver's Report 12
  • Recovery outcome Entries: per unstated; per unstated · Stated on: 2009-09-04 · Table missing: Attached as Appendix 9 is an estimate of the proposed interim distribution outlining the estimated holdbacks outlined above.
PDF · Subscribers
Claims OrderPDF · Subscribers
Receiver's Report 11APDF · Subscribers
Judgment McCawley J May 22, 2009PDF · Subscribers
Receiver's Report 11PDF · Subscribers
Judgment McCawley J January 22, 2009PDF · Subscribers
Receiver's Report 10PDF · Subscribers
Receiver's Report 9.1PDF · Subscribers
Appeal DecisionPDF · Subscribers
Judgment - McCawley JPDF · Subscribers
COH DecisionPDF · Subscribers
Notice of AppealPDF · Subscribers
Quarterly Report [Appendices 1 - 11]PDF · Subscribers
Quarterly Report [Appendices 12 - 24]PDF · Subscribers
Quarterly Report [Supplement]PDF · Subscribers
Reasons for Decision - McCawleyPDF · Subscribers
Order - McCawley JPDF · Subscribers
Quarterly ReportPDF · Subscribers
Receiver's Sixth ReportPDF · Subscribers
Receiver's Eighth ReportTrustee site
Receiver's Supplementary ReportTrustee site
Receiver's Fifth ReportPDF · Subscribers
Receiver's Seventh ReportPDF · Subscribers
Receiver's Fourth Report
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Receiver's Third Report
  • Court Court of King's Bench of Manitoba
PDF · Subscribers
Receiver's Second Report
  • Commencement date 2 August 2005
  • Court THE QUEEN'S BENCH
  • Court file no CI 05-01-43350
  • Financial position Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Order
  • Counsel Pitblado LLP
  • Presiding officer Justice Clearwater
PDF · Subscribers
Receiver's First Report
  • Applicant THE MANITOBA SECURITIES COMMISSION
  • Appointee Deloitte & Touche Inc.
  • Appointee role Receiver and Manager
  • Commencement date 28 June 2005
  • + 6 more extracted facts
PDF · Subscribers
Initial order
  • Applicant THE MANITOBA SECURITIES COMMISSION
  • Appointee DELOITTE & TOUCHE, Inc.
  • Appointee role Receiver
  • Commencement date 28 June 2005
  • + 5 more extracted facts
PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Crocus Investment Fund” (Receivership (court-appointed)), Court of King's Bench of Manitoba. Retrieved 20 September 2026, https://proceedings.ca/case/crocus-investment-fund

Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/crocus-investment-fund

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.