Ontario · CCAA
Fortieth Report of the Monitor, dated May 13, 2026
Court officer report · 13 May 2026
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
- operational summaryThe Pride Entities are winding down under the CCAA, with remaining real property sales (Surrey, Dorval) proposed for approval and proceeds distributed to secured mortgagees. Nearly all PCVs have been resolved, roughly 202 MCVs remain unresolved, and IT services continue through a proposed settlement to preserve data.
- process resultsbids: 13 · note: Surrey Property marketing process; separate count of 11 for Dorval Property
- purchaserQuattro Real Estate Holdings Ltd.; 9417-4877 Québec Inc.
- recovery outcomeentries: basis: unstated · quote: The Dorval Secured Indebtedness exceeds the gross purchase price for the Dorval Property, resulting in a shortfall to NBC on its direct mortgage indebtedness. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: NBC · creditor name: NBC · interim final: unstated · related party: false · claims qualifier: unstated · stated on: 2026-05-13 · table missing:
- report date13 May 2026
- report noFortieth Report
- sale advisorCBRE Limited; Avison Young Commercial Real Estate Services, LP
- sale outcometext: Monitor recommends the Court approve the Surrey Sale Agreement and the Dorval Sale Agreement · scope: parcel · status: pending_approval