Ontario · Receivership (court-appointed)
Motion Record of the Receiver returnable November 24, 2023
Application / notice of application · 15 November 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 filing1 verified
- recovery outcomeentries: basis: unstated · quote: Following completion of the Transaction and subject to Court approval, the Receiver is proposing that it be authorized to make distributions to SAIC and the Second Mortgagees. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · class label: SAIC · creditor name: Stercus Accidit Investment Corp. · interim final: unstated · conditional on: subject to Court approval and completion of the Transaction · claims qualifier: unstated; basis: estimated · quote: As a result of the Transaction, the Second Mortgagees will incur a shortfall on their advances to the Company. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Second Mortgagees · creditor name: Second Mortgagees · interim final: unstated · claims qualifier: unstated · stated on: 2023-11-15 · table missing: