British Columbia · CCAA

Order Made After Application (Approval of Auction Agreement, DIP Increase and Stay Extension)

Order (other) · 29 January 2025

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What we verified from this filing8 verified

closing termsVesting occurs upon payment of the purchase price for the Assets; Net Sale Proceeds held in trust by Maynards pending payment to Petitioner.
order date29 January 2025
order date29 January 2025
presiding officerJustice Fitzpatrick
purchaserprice: sealed: false · scope: the Assets · status: approved · name note: end purchasers at auction, unnamed; auction/liquidation conducted by Maynards · structure: auction · name source: operative · relationship: unstated
sale advisorMaynards Industries Il Canada Ltd.
sale outcometext: The sale of the Assets contemplated by the Auction Agreement is approved. · scope: whole_business · status: approved
stay extended to4 April 2025