Ontario · NOI
Motion Record Muskoka Grown Limited (Volume 2 of 3)
Application / notice of application · 25 September 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 filing1 verified
- recovery outcomeentries: basis: plan · quote: As part pf the restructuring process, the unsecured creditors will be allocated an amount of $500,000 as a one-time payment to settle and compromise and all claims as against MGL. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 500000 · amount high: 500000 · class label: ordinary unsecured creditors · claims amount: 2500000 · interim final: unstated · claims qualifier: estimated; basis: liquidation_alternative · quote: In the circumstances and compared to the Staling Horse bid which would see the unsecured creditors with no recovery, we believe this is in the best interest of the parties. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: the unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing: