Ontario · Interim receivership

Third Report of the Proposal Trustee and Interim Receiver dated October 31, 2019

Court officer report · 31 October 2019

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 filing3 verified

operational summaryThe Companies ceased all operations and terminated employees in March 2019 after failing to repay the PMB loan; the Proposal Trustee/Interim Receiver is now seeking to convert the interim receiverships into full receiverships and extend its mandate to include NJ3 Prodco, amid unresolved disputes with Redrover over asset ownership.
report date31 October 2019
report noThird Report