Ontario · CCAA
Third Report to Court
Court officer report · 22 April 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 filing2 verified
- fee scheduleengagements: form: invoice_listing · rows: · money: · period: kind: unstated · approval: state: unstated · averages: rate: 429.39 · quote: The average hourly rate in respect of these accounts is $429.39. · scope: in respect of these accounts · currency: · invoices: · firm text: MNP Ltd. · firm quote: the appointment of MNP Ltd. (' MNP ' or the ' Monitor ') as Monitor in the CCAA Proceedings; · context quote: THIRD REPORT TO THE COURT SUBMITTED BY MNP LTD. IN ITS CAPACITY AS COURT APPOINTED MONITOR OF DEL EQUIPMENT INC.
- recovery outcomeentries: basis: estimated · quote: approving an interim distribution in the amount of $9MM to Diesel, and such further amounts from time to time as may be agreed between DEL and Diesel up to the secured indebtedness owed by DEL to Diesel, with the consent of the Monitor, or pursuant to such further Order of the Court (the ' Proposed Distribution ') · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 9000000 · cumulative: false · amount high: 9000000 · class label: Diesel (senior secured creditor) · claims amount: 11700000 · creditor name: Diesel · interim final: interim · conditional on: such further amounts from time to time as may be agreed between DEL and Diesel up to the secured indebtedness owed by DEL to Diesel, with the consent of the Monitor, or pursuant to such further Order of the Court · claims qualifier: unstated · table missing: