Receivership (court-appointed)

Motion Record (Part 1 of 2) returnable November 22, 2013

Application / notice of application · 19 November 2013

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 filing1 verified

recovery outcomeentries: basis: estimated · quote: The record also establishes that, based on the results of the recent refinancing efforts and thet s s de e u r s dr D o se ties XTG Group's businesses and assets are liquidated or sold to a third party, Callidus will incur a substantial shortfall such that there is no value for creditors ranking subordinate to Callidus. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: creditors ranking subordinate to Callidus · interim final: unstated · conditional on: XTG Group's businesses and assets are liquidated or sold to a third party · claims qualifier: unstated · table missing: