Ontario · CCAA
Second Report of the Monitor
Court officer report · 24 January 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 filing2 verified
- fee scheduleengagements: form: report_table · rows: · money: approximate: false · period: end: 2026-01-16 · kind: cumulative · label: the Period · quote: For the period From October 8,2025 to January 16, 2026 · start: 2025-10-08 · approval: state: unstated · averages: rate: 638.3 · quote: The average hourly rate billed by PwC during the Period is $638.30. · currency: · invoices: · firm text: PricewaterhouseCoopers Inc. · firm quote: SUBMITTED BY PRICEWATERHOUSECOOPERS INC., LIT IN ITS CAPACITY AS MONITOR · context quote: appointed PricewaterhouseCoopers Inc., LIT ('PwC'), as monitor of the Applicants (in such capacity, the 'Monitor') · context unverified: true; form: invoice_listing · rows: · money: approximate: false · period: kind: cumulative · label: the Torys Fee Period · quote: during the Torys Fee Period · approval: state: unstated · averages: · currency: · invoices: quote: For professional services rendered for the period ending November 30, 2025, as described on the attached schedule. · period end: 2025-11-30; quote: For professional services rendered for the period ending December 31, 2025, as described on the attached schedule. · period end: 2025-12-31; quote: For professional services rendered for the period ending January 16, 2026, as described on the attached schedule. · period end: 2026-01-16 · firm text: Torys · firm quote: Torys' fees and disbursements · context quote: A summary of Torys' fees and disbursements (inclusive of HST) during the Torys Fee Period is attached hereto as Exhibit 'B'. · context unverified: true
- recovery outcomeentries: basis: liquidation_alternative · quote: Given the magnitude of the DIP Lender's secured claim and the potential proceeds to be recovered for the benefit of Stalking Horse Bidder as the DIP Lender and senior secured creditor, there would be no recovery for unsecured creditors or equity holders in a traditional asset sale, a liquidation or bankruptcy. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: Given the magnitude of the DIP Lender's secured claim and the potential proceeds to be recovered for the benefit of Stalking Horse Bidder as the DIP Lender and senior secured creditor, there would be no recovery for unsecured creditors or equity holders in a traditional asset sale, a liquidation or bankruptcy. · pct of: unstated · outcome: nil · class key: equity · stated by: monitor · class label: equity holders · interim final: unstated · claims qualifier: unstated · stated on: 2026-01-24 · table missing: