Quebec · CCAA
Fortieth Report of the Monitor – dated December 9, 2024
Court officer report · 9 December 2024
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 filing5 verified
- cash on handnote: Undistributed Funds: balance of funds not yet distributed, comprised primarily of interest earned on funds for distribution, various reserves and the Administration Charge of the Canadian Professionals. · amount: 16500000 · currency: CAD · qualifier: approximately
- operational summaryThe CCAA proceedings continue pending resolution of US Carmack Litigation against CP; the Monitor holds undistributed funds and seeks a 12-month stay extension to December 17, 2025 before final distribution.
- professional feesnote: Fee table is garbled; Administration Charge row shows fees $14,650,000, $2,170,000 and $16,820,000 (columns unlabeled, likely cumulative/period/total); Charge to complete the CCAA row shows $50,543, $7,957 and $58,501. A $150,000 retainer is also held. · party: Canadian Professionals (Monitor and its counsel) · period: December 1, 2023 to November 30, 2024 · currency: CAD
- report date9 December 2024
- report noFortieth Report of the Monitor