Nova Scotia · CCAA
Third Report of the Monitor dated May 29, 2025
Court officer report · 29 May 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: Ending cash balance per cumulative budget-to-actuals variance report for weeks 1-17. · as at: 2025-05-18 · amount: 88373 · currency: CAD
- disbursementsnote: Total actual cash disbursements, weeks 1-17. · since: January 20, 2025 · amount: 521559 · currency: CAD
- operational summaryThe Company continues to operate under CCAA protection while conducting a Sales and Investment Solicitation Process (SISP) for its Superport Lite assets and Research and Survey Vessels, alongside ongoing shipyard repair and terminal services operations.
- professional feesnote: Also includes Monitor's Legal Counsel (Stewart McKelvey) $24,771 and Company's Legal Counsel (O'Keefe & Sullivan) $57,732 actual over same period; HST on professional fees $35,591 separately shown. · party: Monitor - Grant Thornton · amount: 127634 · period: Weeks 1-17, January 20, 2025 - May 18, 2025 · currency: CAD
- receipts cumulativenote: Total actual cash receipts, weeks 1-17. · since: January 20, 2025 · amount: 759897 · currency: CAD
- report date29 May 2025
- report noThird Report