Ontario · CCAA
Third Report of the Monitor dated January 27, 2026.pdf
Court officer report · 27 January 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing6 verified
- fee scheduleengagements: form: invoice_listing · rows: · money: · period: end: 2026-01-25 · kind: cumulative · label: the Accounts · quote: for the period commencing October 1, 2025 to and including January 25, 2026 (the ' Accounts ') · start: 2025-10-01 · approval: state: unstated · averages: · currency: · invoices: date: 2025-11-30 · fees: 3315 · quote: SUB-TOTAL Net Total | $3,315.00 · total: 3315 · period end: 2025-11-30; tax: 1136.2 · date: 2026-01-25 · fees: 8740 · quote: GRAND TOTAL | GRAND TOTAL | GRAND TOTAL · total: 9876.2; tax: 1790.82 · fees: 13775.5 · quote: TOTAL PROFESSIONAL FEES | TOTAL PROFESSIONAL FEES | TOTAL PROFESSIONAL FEES · total: 15566.32 · firm text: Chaitons LLP · firm quote: I am a partner with the law firm of Chaitons LLP (' Chaitons ') · context quote: under the Companies' Creditors Arrangement Act , for the period commencing October 1, 2025 to and including January 25, 2026 (the ' Accounts ').; form: time_summary · rows: David Im; George Benchetrit; Maleeha Anwar · money: tax: label: HST at 13.00% · quote: HST at 13.00% · amount: 1790.82 · fees: quote: TOTAL PROFESSIONAL FEES | TOTAL PROFESSIONAL FEES | TOTAL PROFESSIONAL FEES · amount: 13775.5 · total: quote: $15,566.32 · amount: 15566.32 · includes tax: true · approximate: false · period: kind: invoice · approval: state: unstated · averages: · currency: · invoices: · firm text: Chaitons LLP · firm quote: I am a partner with the law firm of Chaitons LLP (' Chaitons ') · hours total: quote: TOTAL PROFESSIONAL FEES | TOTAL PROFESSIONAL FEES | TOTAL PROFESSIONAL FEES | 16.80 | $13,775.50 · value: 16.8 · context quote: under the Companies' Creditors Arrangement Act , for the period commencing October 1, 2025 to and including January 25, 2026 (the ' Accounts ').; form: time_summary · rows: George Benchetrit; George Benchetrit; Danish Afroz; David Im; Maleeha Anwar · money: tax: label: HST at 13.00% · quote: HST at 13.00% · amount: 1136.2 · fees: quote: TOTAL | | | | $36,558.00 · amount: 36558 · total: quote: GRAND TOTAL | GRAND TOTAL | GRAND TOTAL · amount: 9876.2 · includes tax: true · approximate: false · period: kind: invoice · quote: Invoice Date: | January 25, 2026 · approval: state: unstated · averages: · currency: · invoices: · firm text: Chaitons LLP · firm quote: I am a partner with the law firm of Chaitons LLP (' Chaitons ') · context quote: under the Companies' Creditors Arrangement Act , for the period commencing October 1, 2025 to and including January 25, 2026 (the ' Accounts ').
- operational summaryThe Applicants continue operating as a going concern during the CCAA proceedings, servicing customers and employing over 200 employees and contractors while relying on DIP financing, with the Plan intended to allow continued operations post-restructuring.
- professional feesnote: Includes fees and expenses of $234,354.68 and HST of $30,466.10; Chaitons LLP (Monitor's counsel) incurred separate fees and disbursements of $36,558.00 plus HST of $4,752.55, totaling $41,310.55 for the same period. · party: Grant Thornton Limited (Monitor) · amount: 264820.78 · period: October 1, 2025 to January 25, 2026 · currency: CAD
- recovery outcomeentries: basis: plan · quote: As discussed further below, the Equipment Creditor Class is ultimately being paid in full in respect of the Essential Retained Equipment (albeit, over an extended amortization period). · pct of: unstated · outcome: paid_in_full · class key: pmsi_lessor · stated by: monitor · class label: Equipment Creditor Class · interim final: unstated · conditional on: over an extended amortization period · claims qualifier: unstated; basis: liquidation_alternative · quote: Therefore, the General Unsecured Creditor Class would not receive any distributions under a liquidation scenario. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: General Unsecured Creditor Class · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Plan also provides that the General Unsecured Creditor Class will receive a pro-rated share of the balance of the Creditor Cash Pool. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · class label: General Unsecured Creditor Class · interim final: unstated · claims qualifier: unstated · stated on: 2026-01-27 · table missing:
- report date27 January 2026
- report noThird Report