Quebec · CCAA
Seventeenth Monitor's Report on the Application to Extend the Stay Period
Court officer report · 18 January 2022
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing5 verified
- cash on handnote: Ending cash comprised of $13.2M held in Nemaska Residual Liabilities Inc. and $5.3M held by Monitor in trust as part of the Cantore Litigation Fund; forecasted ending cash figure. · amount: 18500000 · currency: CAD
- operational summaryThe Debtors' proceedings remain largely stalled pending resolution of the Cantore litigation, with no distributions possible to secured or unsecured creditors until that litigation concludes.
- professional feesnote: Legal fees from Stikeman Elliott as counsel to the Monitor also referenced, largely related to Cantore litigation, but not quantified as a total figure. · party: Monitor (PwC) · amount: 30000 · period: monthly · currency: CAD
- report date18 January 2022
- report noAmended Seventeenth Monitor's Report