Ontario · Receivership (court-appointed)
Motion Record of Proposal Trustee
Application / notice of application · 27 May 2021
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 filing8 verified
- applicantMNP Ltd.
- appointeeMNP Ltd.
- appointee roleProposal Trustee
- commencement date27 May 2021
- courtSUPERIOR COURT OF JUSTICE
- court file no32-2720193
- provinceOntario
- recovery outcomeentries: basis: plan · quote: | Estimated distribution to Unsecured Creditors (%) | 14.88% | · pct of: unstated · outcome: distribution · pct low: 14.88 · pct high: 14.88 · class key: unsecured · stated by: proposal_trustee · amount low: 300000 · amount high: 300000 · class label: ordinary unsecured creditors · claims amount: 2015873 · interim final: unstated · conditional on: if the Proposal is accepted by the Unsecured Creditors and approved by the Court · claims qualifier: estimated; basis: liquidation_alternative · quote: | Estimated distribution to Unsecured Creditors (%) | | | 4.61% | · pct of: unstated · outcome: distribution · pct low: 4.61 · pct high: 4.61 · class key: unsecured · stated by: proposal_trustee · amount low: 184024 · amount high: 184024 · class label: Unsecured Creditors · claims amount: 3995873 · interim final: unstated · conditional on: if the Proposal is rejected and the Company is deemed bankrupt · claims qualifier: estimated · stated on: 2021-05-19 · table missing: