Nova Scotia · CCAA
Sixth Report of the Monitor dated November 4, 2025.pdf
Court officer report · 4 November 2025
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 filing7 verified
- cash on handnote: Closing cash comprised of Cash (CDN) $80,066, Cash (USD) converted $2,114, and Remaining Sheriff Funds $3,027. · as at: 2025-08-20 · amount: 85207 · currency: CAD
- fee scheduleengagements: form: prose · rows: · money: tax: label: HST · quote: total fees and expenses amounted to $312,190.21 with HST of $44,787.70 for a total of $356,977.91 · amount: 44787.7 · total: quote: total fees and expenses amounted to $312,190.21 with HST of $44,787.70 for a total of $356,977.91 · amount: 356977.91 · includes tax: true · includes disbursements: true · approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 366.54 · quote: At an average rate of approximately $366.54/hour · currency: · invoices: · firm text: Grant Thornton Limited · firm quote: SIXTH REPORT TO THE COURT SUBMITTED BY GRANT THORNTON LIMITED IN ITS CAPACITY AS MONITOR · context quote: SIXTH REPORT TO THE COURT SUBMITTED BY GRANT THORNTON LIMITED IN ITS CAPACITY AS MONITOR; form: prose · rows: · money: tax: label: HST · quote: total fees and expenses amounted to $241,891.76 with HST of $35,757.04 for a total of $277,648.80 · amount: 35757.04 · total: quote: total fees and expenses amounted to $241,891.76 with HST of $35,757.04 for a total of $277,648.80 · amount: 277648.8 · includes tax: true · includes disbursements: true · approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 439.81 · quote: At an average rate of approximately $439.81/hour · currency: · invoices: · firm unverified: true · context unverified: true
- operational summaryThe Company completed the sale of its Superport Lite assets to Cactus Ship Repair on August 20, 2025, terminated all employees, and now has no assets (other than the disputed Research Vessels), employees, or operations, while the Monitor collects remaining receivables and winds down the estate.
- professional feesnote: Includes HST of $44,787.70; Monitor's Counsel incurred total fees and expenses of $82,826.03 (with HST $10,153.88); Company's Counsel incurred approximately $277,648.80 with HST $35,757.04. · party: Monitor · amount: 356977.91 · period: through August 31, 2025 · currency: CAD
- recovery outcomeentries: basis: unstated · quote: BMO - $870,384; and · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 870384 · amount high: 870384 · class label: BMO · creditor name: BMO · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Maynbridge - $18,625. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 18625 · amount high: 18625 · class label: Maynbridge · creditor name: Maynbridge · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: a net distribution to Maynbridge of $18,625, as outlined in the proposed distribution at Appendix 'B'; · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 18625 · cumulative: false · amount high: 18625 · class label: Maynbridge · creditor name: Maynbridge · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: an interim distribution to BMO of $746,552, as outlined in the Proposed Interim Distribution at Appendix 'D '. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 746552 · cumulative: false · amount high: 746552 · class label: BMO · creditor name: BMO · interim final: interim · claims qualifier: unstated · stated on: 2025-11-04 · table missing:
- report date4 November 2025
- report noSixth Report