Nova Scotia · Receivership (court-appointed)
1. First Report of the Receiver
Court officer report · 11 September 2019
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 filing10 verified
- applicantRoyal Bank of Canada
- appointeeErnst & Young Inc.
- appointee rolereceiver-manager
- commencement date7 June 2019
- courtIN THE SUPREME COURT OF NOVA SCOTIA
- court file noHFX No. 483616
- statutory basissection 43(9) of the Judicature Act, R.S.N.S. 1989, c. 240, Civil Procedure Rule 41, and section 243(1) of the Bankruptcy and Insolvency Act (Canada)
- recovery outcomeentries: basis: unstated · quote: The Receiver is unable to estimate the anticipated net recovery from the accounts receivable at this time, but it anticipates that the net recovery will be materially less than the reported values included within the Company's books and records. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: receiver · class label: accounts receivable / customers · interim final: unstated · claims qualifier: unstated · table missing:
- sale advisorMirterra Industrial Appraisers & Auctioneers
- sale outcometext: Receiver seeking approval to conduct a tender process for the Nova Scotia Assets and to execute an Auction Proposal for the Alberta Assets · scope: parcel · status: process_approved