Ontario · Receivership (court-appointed)
Motion Record of the Receiver
Application / notice of application · 18 September 2026
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: After payment of the foregoing amounts, the Receiver made an interim distribution to RBC in the amount of $1,700,000 in respect of RBC's secured claim. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 1700000 · cumulative: false · amount high: 1700000 · class label: RBC's secured claim · creditor name: RBC · interim final: interim · claims qualifier: unstated; basis: estimated · quote: RBC is expected to suffer a shortfall on its claim even if the Transaction is completed. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: RBC's secured claim · creditor name: RBC · interim final: unstated · conditional on: even if the Transaction is completed · claims qualifier: unstated; basis: unstated · quote: No funds are available for distribution to creditors from Petroleum's assets after the payment of fees and disbursements. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: creditors from Petroleum's assets · interim final: unstated · claims qualifier: unstated · stated on: 2026-09-16 · table missing: