Ontario · Receivership (court-appointed)
Eleventh Report of the Receiver and First Report of the Claims Officer
Court officer report · 10 October 2023
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 filing2 verified
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: HST · quote: 4,425.65 $ · amount: 4425.65 · fees: quote: 34,043.50 $ · amount: 34043.5 · total: quote: 38,469.15 $ · amount: 38469.15 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2023-09-30 · kind: invoice · quote: FOR THE PERIOD MAY 1 TO SEPTEMBER 30, 2023 · start: 2023-05-01 · approval: quote: The Receiver requests that this Court approve its interim accounts for the period of October 1, 2021 to June 29, 2022 in the amount of $93,703.56 inclusive of disbursements and HST · state: sought · averages: rate: 590.52 · quote: The average hourly rate in respect of the account is $590.52. · currency: · invoices: tax: 2610.79 · date: 2023-07-11 · fees: 20083 · quote: 11133720 | 11-Jul-23 | 36.00 | 20,083.00 | | 2,610.79 | 22,693.79 · total: 22693.79; tax: 1814.86 · date: 2023-10-03 · fees: 13960.5 · quote: 11251954 | 03-Oct-23 | 21.65 | 13,960.50 | | 1,814.86 | 15,775.36 · total: 15775.36 · firm text: MNP Ltd. · firm quote: MNP Ltd, in its capacity as the Courtappointed Receiver and Manager of Turuss (Canada) Industry Co., Ltd. and not in its personal or corporate capacity · hours total: quote: 57.65 · value: 57.65 · context quote: MNP Ltd, in its capacity as the Courtappointed Receiver and Manager of Turuss (Canada) Industry Co., Ltd. and not in its personal or corporate capacity; form: time_summary · rows: Bhavnoor Bhatia; Brandon Hodge; Chahna Nathwani; Jerry Henechowicz; Kal Ruprai; Karina He; Lisa Visconti; Matthew Lem; Reina Patel; Tyler Spicer; fees: 20083 · hours: 36 · quote: Total | 36.00 | | 20,083.00 · row kind: subtotal · rate kind: standard · name as stated: Total · money: fees: quote: Total | 36.00 | | 20,083.00 · amount: 20083 · approximate: false · period: end: 2023-06-26 · kind: invoice · quote: For Professional Services Rendered · approval: state: unstated · averages: · currency: · invoices: · firm text: MNP Ltd. · firm quote: MNP LTD. COURT APPOINTED RECEIVER AND MANAGER OF TURUSS (CANADA) INDUSTRY CO., LTD · hours total: quote: 36.00 · value: 36 · context quote: MNP LTD. COURT APPOINTED RECEIVER AND MANAGER OF TURUSS (CANADA) INDUSTRY CO., LTD; form: time_summary · rows: Chahna Nathwani; Deborah Hornbostel; Glenn Willis; Jerry Henechowicz; Lisa Visconti; Matthew Lem; Reina Patel; fees: 13960.5 · hours: 21.65 · quote: Total | 21.65 | | 13,960.50 · row kind: subtotal · rate kind: standard · name as stated: Total · money: tax: label: Harmonized Sales Tax · quote: 1,814.86 · amount: 1814.86 · fees: quote: Total | 21.65 | | 13,960.50 · amount: 13960.5 · total: quote: Total (CAD) : 15,775.36 · amount: 15775.36 · includes tax: true · approximate: false · period: end: 2023-09-30 · kind: invoice · quote: FOR THE PERIOD JULY 4 TO SEPTEMBER 30, 2023 · start: 2023-07-04 · approval: state: unstated · averages: · currency: code: CAD · quote: Total (CAD) : · invoices: · firm text: MNP Ltd. · firm quote: MNP LTD. COURT APPOINTED RECEIVER AND MANAGER OF TURUSS (CANADA) INDUSTRY CO., LTD · hours total: quote: 21.65 · value: 21.65 · context quote: MNP LTD. COURT APPOINTED RECEIVER AND MANAGER OF TURUSS (CANADA) INDUSTRY CO., LTD; form: invoice_listing · rows: · money: tax: label: Taxes(HST) · quote: $15,237.19 · amount: 15237.19 · fees: quote: TOTALS: | | $116,662.50 · amount: 116662.5 · total: quote: $132,785.26 · amount: 132785.26 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: $3,762.57 · amount: 3762.57 · period: end: 2023-09-30 · kind: cumulative · label: The Period · quote: EXHIBIT 'B' The Period from June 1, 2023 to September 30, 2023 · start: 2023-06-01 · approval: state: unstated · averages: rate: 761.67 · quote: $ 761.67 · currency: · invoices: tax: 6428.5 · date: 2023-06-30 · fees: 50877 · quote: June 30, 2023 | 3773895 | 50,877.00 | -2,877.00 | 1,450.00 | 6,428.50 | 55.2 | 620.00 | 55,878.50 · total: 55878.5 · average rate: 620 · disbursements: 1450; tax: 3992.5 · date: 2023-08-31 · fees: 29817 · quote: August 31, 2023 | 3787511 | 29,817.00 | 0.00 | 1,233.51 | 3,992.50 | 30.3 | 840.00 | 35,043.01 · total: 35043.01 · average rate: 840 · disbursements: 1233.51; tax: 4816.19 · date: 2023-09-30 · fees: 35968.5 · quote: September 30, 2023 | 3794021 | 35,968.50 | 0.00 | 1,079.06 | 4,816.19 | 37.3 | 825.00 | 41,863.75 · total: 41863.75 · average rate: 825 · disbursements: 1079.06 · firm text: Dentons Canada LLP · firm quote: Summary of Invoices and Calculation of Average Hourly Billing Rates of Dentons Canada LLP · hours total: quote: 122.8 · value: 122.8 · context quote: Lawyers for the Receiver and Claims Officer; form: rate_chart · rows: Robert Kennedy; Mark Freake; John Regush; Amanda Campbell · money: approximate: false · period: end: 2023-09-30 · kind: invoice · quote: For the period June 1, 2023 to September 30, 2023 · start: 2023-06-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: Dentons Canada LLP · firm quote: Billing Rates of Dentons Canada LLP · context quote: Lawyers for the Receiver and Claims Officer; form: time_summary · rows: Amanda Campbell; John Regush; Robert Kennedy; fees: 50877 · hours: 55.2 · quote: Total | 55.2 | | $50,877.00 · row kind: subtotal · rate kind: standard · name as stated: Total · money: fees: quote: NET PROFESSIONAL FEES $ 48,000.00 · amount: 48000 · approximate: false · disbursements: quote: TOTAL TAXABLE DISBURSEMENTS | $ 10.00 · amount: 10 · period: kind: invoice · quote: INVOICE 3773895 · approval: state: unstated · averages: · currency: · invoices: · firm text: Dentons Canada LLP · firm quote: DENTONS CANADA LLP Turuss (Canada) Industry Co., Ltd · hours total: quote: 55.2 · value: 55.2 · context quote: Lawyers for the Receiver and Claims Officer · discount note: text: Less: Discount · quote: Less: Discount; form: time_summary · rows: John Regush; Robert Kennedy; fees: 29817 · hours: 30.3 · quote: Total | 30.3 | | $29,817.00 · row kind: subtotal · rate kind: standard · name as stated: Total · money: fees: quote: TOTAL PROFESSIONAL FEES | $ 29,817.00 · amount: 29817 · approximate: false · disbursements: quote: TOTAL NON-TAXABLE DISBURSEMENTS | $ 339.00 · amount: 339 · period: end: 2023-08-31 · kind: invoice · quote: INVOICE 3787511 · approval: state: unstated · averages: · currency: · invoices: · firm text: Dentons Canada LLP · firm quote: DENTONS CANADA LLP Turuss (Canada) Industry Co., Ltd · hours total: quote: 30.3 · value: 30.3 · context quote: Lawyers for the Receiver and Claims Officer; form: time_summary · rows: John Regush; Mark Freake; Robert Kennedy; fees: 35968.5 · hours: 37.3 · quote: Total | 37.3 | | $35,968.50 · row kind: subtotal · rate kind: standard · name as stated: Total · money: fees: quote: Total | 37.3 | | $35,968.50 · amount: 35968.5 · approximate: false · period: end: 2023-09-30 · kind: invoice · quote: INVOICE 3794021 · approval: state: unstated · averages: · currency: · invoices: · firm text: Dentons Canada LLP · firm quote: DENTONS CANADA LLP Turuss (Canada) Industry Co., Ltd · hours total: quote: 37.3 · value: 37.3 · context quote: Lawyers for the Receiver and Claims Officer
- recovery outcomeentries: basis: actual · quote: Following the Receiver's review of the CRA Proof of Claims, the Receiver issued payment to CRA for the full amount of their claims as set out in the CRA Proof of Claims. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: receiver · amount low: 181374.22 · amount high: 181374.22 · class label: CRA priority claim (unremitted HST and employee source deductions) · claims amount: 181374.22 · creditor name: CRA · interim final: unstated · claims qualifier: proven; basis: actual · quote: With respect to the Proven Claims, the Receiver has made distributions on account of those Proven Claims in accordance with the Creditor Distribution Order. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: receiver · amount low: 638830.84 · amount high: 638830.84 · class label: Proven Claims (unsecured creditors who filed a Proof of Claim) · claims amount: 638830.84 · interim final: unstated · claims qualifier: proven; basis: estimated · quote: the Final Distribution will be insufficient to satisfy the return of capital on account of the Chesley Wood shareholding in Turuss. · pct of: unstated · outcome: shortfall · class key: equity · stated by: receiver · class label: Chesley Wood (shareholder of Turuss) · creditor name: Chesley Wood · interim final: final · claims qualifier: unstated · stated on: 2023-10-10 · table missing: