Ontario · Receivership (court-appointed)

Supplement to the First Report of the Receiver dated October 26, 2022

Court officer report · 26 October 2022

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 filing3 verified

recovery outcomeentries: basis: actual · quote: a) Vic Lanoix Holdings Limited has been paid in full by LMS as of October 1, 2022, and therefore no longer has any valid security interests against the LMS Units; · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Vic Lanoix Holdings Limited · creditor name: Vic Lanoix Holdings Limited · interim final: unstated · claims qualifier: unstated; basis: actual · quote: b) HSBC Bank Canada has been paid in full in respect of 4 of the LMS Units against which it has registered; and · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: HSBC Bank Canada · creditor name: HSBC Bank Canada · interim final: unstated · claims qualifier: unstated; basis: actual · quote: c) Meridian has been paid in full in respect of 4 of the LMS Units against which it has registered. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Meridian · creditor name: Meridian · interim final: unstated · claims qualifier: unstated · stated on: 2022-10-26 · table missing:
sale advisorCorporate Assets Inc.
sale outcometext: The Receiver intends to formalize the buyout of the Caterpillar Unit and include the Caterpillar Unit in the 'Assets' to be sold pursuant to the ASA · scope: ancillary · status: process_approved