Ontario · CCAA
Order extending delay for the Plan of Arrangement until November 28, 2014 – dated September 16, 2014
Plan of arrangement / compromise · 16 September 2014
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 filing1 verified
- recovery outcomeentries: basis: actual · quote: THIS COURT ORDERS that, subject to the Company maintaining a holdback of approximately $1,764,000 (the "Holdback"), the Company is hereby authorized to make an interim distribution to the Secured Lenders in the amount of $6,000,000. · pct of: unstated · outcome: distribution · class key: secured · stated by: court · amount low: 6000000 · cumulative: false · amount high: 6000000 · class label: Secured Lenders · creditor name: Bank of Montreal and BMO Capital Partners · interim final: interim · conditional on: subject to the Company maintaining a holdback of approximately $1,764,000 · claims qualifier: unstated · stated on: 2014-09-16 · table missing: