Ontario · NOI
Proposal Trustee's Second Report to Court dated October 18, 2020
Court officer report · 18 October 2020
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: Stated as an approximate cash balance in the Report; the Cash Flow Forecast shows an opening cash balance of $29,282 as at October 19, 2020 · as at: 2020-10-19 · amount: 29000 · currency: CAD · qualifier: approximately
- operational summaryThe Company's restaurant operations at Hotel X were terminated by PGH and it currently has essentially no operating business other than pursuing litigation against PGH, with minimal projected cash receipts limited to government wage subsidies.
- professional feesnote: This is a forecast/projected figure in the Cash Flow Forecast, not an incurred amount; represents professional fees of the Proposal Trustee, the Proposal Trustee's legal counsel and the Company's legal counsel · party: Proposal Trustee, Proposal Trustee's counsel (Paliare Roland), and Company's counsel (Norton Rose) · amount: 280000 · period: October 19, 2020 to December 8, 2020 (forecast) · currency: CAD
- report date18 October 2020
- report noSecond Report