Ontario · CCAA
Credit Bid Liquidation Process, Stay Extension & Fee and Activities Approval Order dated February 27, 2025
Order (other) · 27 February 2025
What we verified from this filing6 verified
- bid deadline21 March 2025
- closing termsconditions to closing including payment of 125% of DIP Allocation and, for second mortgagee bids, the full amount owed under prior-ranking mortgages
- order date27 February 2025
- presiding officerJustice Osborne
- purchaserprice: note: credit bid plus cash deposit of $10,000 and 125% of DIP Allocation · basis: credit_bid · sealed: false · currency: CAD · scope: a Remaining Property · status: approved · name note: any duly registered first mortgagee submitting a First Mortgagee Credit Bid APA · structure: real_property · name source: operative · relationship: secured_lender_credit_bid; price: note: list price per Appendix J, net proceeds not less than 125% of DIP Allocation absent DIP Lender consent · basis: cash · sealed: false · currency: CAD · scope: Non-Credit Bid Remaining Properties · status: approved · name note: purchaser of a listed Non-Credit Bid Remaining Property · structure: real_property · name source: operative · relationship: unstated
- sale outcometext: Orderly Liquidation Plan approved and credit bid/liquidation process authorized · scope: parcel · status: process_approved