Quebec · Receivership (court-appointed)
Second Interim Report of the Receiver
Court officer report · 30 March 2023
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 filing7 verified
- cash on handnote: Amount held in trust by the Receiver per the interim statement of receipts and disbursements for March 30, 2022 to February 28, 2023 (Appendix B). · as at: 2023-02-28 · amount: 79864.63 · currency: CAD
- disbursementssince: March 30, 2022 (appointment), through February 28, 2023 · amount: 1259527.91 · currency: CAD
- operational summaryThe Receiver is maintaining the partially built Flora Project (conservatory measures, heating, security, repairs) while seeking a buyer after the first SISP purchaser's deal fell through. A Motion for Directions on the validity of the building permit is set for March 30, 2023, and completion is anticipated in 9 to 12 months.
- professional feesnote: Receiver Fees, excluding GST/QST charged on remuneration (GST 13,821.71; QST 27,574.25). Legal fees/disbursements of 88,933.50 (plus GST 4,424.14 and QST 8,826.13) are separate. · party: MNP Ltd. (Receiver) · amount: 276433.7 · period: March 30, 2022 to February 28, 2023 · currency: CAD
- receipts cumulativenote: Includes an advance from a secured creditor of 590,000.00 and tax refunds (CTI 238,425.44; RTI 491,244.70). · since: March 30, 2022 (appointment), through February 28, 2023 · amount: 1339392.54 · currency: CAD
- report date30 March 2023
- report noSecond Interim Report of the Receiver