Quebec · CCAA
Second Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor
Court officer report · 19 September 2018
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 filing6 verified
- cash on handnote: Net cash (Shortfall) - End of the four-week period ended September 15, 2018, per budget-to-actual table in thousands. · as at: 2018-09-15 · amount: 3610300 · currency: CAD
- operational summaryThe Company's operations have generally continued in the normal course under the CRO's direction, with efforts focused on stabilizing customer and supplier relationships, retaining employees, and progressing a sale/investment solicitation process, while facing regulatory scrutiny from the AMF and an ongoing forensic investigation into prior related-party transactions.
- professional feesnote: Table figure in thousands ($000); professional fees higher than budgeted due to various restructuring activities. · party: Monitor and related professionals · amount: 526600 · period: four-week period ended September 15, 2018 · currency: CAD
- report date19 September 2018
- report noSecond Report
- sale outcometext: SISP proposed by the Applicants for approval by the Court · scope: whole_business · status: process_approved