Manitoba · Receivership (court-appointed)
Motion Brief dated November 17, 2023 2 of 3
Application / notice of application · 17 November 2023
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: As discussed, the Transaction does not provide any recovery for unsecured creditors or shareholders. · pct of: unstated · outcome: nil · class key: unsecured · stated by: court · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: As discussed, the Transaction does not provide any recovery for unsecured creditors or shareholders. · pct of: unstated · outcome: nil · class key: equity · stated by: court · class label: shareholders · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: In this regard, it is noteworthy that PIMCO holds over U.S. $250 million in unsecured debt that it will not recover. · pct of: unstated · outcome: nil · currency: USD · class key: unsecured · stated by: court · class label: PIMCO's unsecured debt · claims amount: 250000000 · creditor name: PIMCO · interim final: unstated · currency quote: U.S. $250 million · claims qualifier: unstated; basis: unstated · quote: As a shareholder, he has an equity claim for which there is no recovery in the Transaction. · pct of: unstated · outcome: nil · class key: equity · stated by: court · class label: shareholder (Mr. Yadav) · creditor name: Mr. Yadav · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: I therefore accept the Monitor's submission that this court order that Mr. Jaafari's claim can be addressed by the Just Energy Entities, in consultation with the Monitor, in accordance with the terms of the Claims Procedure Order. · pct of: unstated · outcome: nil · class key: unsecured · stated by: court · class label: unsecured claim (Mr. Jaafari) · creditor name: Mr. Jaafari · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The fact that the Transaction provides no recovery for the general unsecured creditors or shareholders is a function of the market, not the RV0 structure. · pct of: unstated · outcome: nil · class key: unsecured · stated by: court · class label: general unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The fact that the Transaction provides no recovery for the general unsecured creditors or shareholders is a function of the market, not the RV0 structure. · pct of: unstated · outcome: nil · class key: equity · stated by: court · class label: shareholders · interim final: unstated · claims qualifier: unstated · table missing: