Ontario · Receivership (court-appointed)
Eleventh Report of the Receiver and First Report of the Claims Officer
Court officer report · 10 October 2023
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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: 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 Creditors · claims amount: 638830.84 · interim final: unstated · claims qualifier: proven; basis: estimated · quote: As noted in the Receiver's Ninth Report, Chesley Wood holds 9,436,000 common shares of Turuss issued at USD1,00 per share; 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 · creditor name: Chesley Wood · interim final: final · claims qualifier: unstated · stated on: 2023-10-10 · table missing: