Ontario · CCAA
Motion Record of the Monitor returnable January 31, 2022
Application / notice of application · 24 January 2022
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: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 552.64 · quote: The average hourly rates for KSV and Bennett Jones for the referenced billing periods were $552.64 and $586.62, respectively. · scope: KSV · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: Counsel to KSV Restructuring Inc., solely in its capacity as Court-appointed monitor and proposal trustee and not in its personal capacity · context quote: Counsel to KSV Restructuring Inc., solely in its capacity as Court-appointed monitor and proposal trustee and not in its personal capacity; form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 586.62 · quote: The average hourly rates for KSV and Bennett Jones for the referenced billing periods were $552.64 and $586.62, respectively. · scope: Bennett Jones · currency: · invoices: · firm text: Bennett Jones LLP · firm quote: BENNETT JONES LLP · context quote: I am a lawyer qualified to practice law in the Province of Ontario and am a partner of Bennett Jones LLP (" Bennett Jones "), counsel for KSV Restructuring Inc.
- recovery outcomeentries: basis: actual · quote: As reflected in the table above, as at the date of this Report, the Monitor has distributed approximately $8.5 million from the Surplus, comprised of: (a) the full amount owing to 2557725 Ontario Inc., a mortgagee of the real property owned by one of the Non-Applicants (22 Old Kennedy Development Inc.); and (b) approximately $5.4 million, representing 61% of the amounts owing to the other six other Secured Creditors. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: Secured Creditors (2557725 Ontario Inc.) · creditor name: 2557725 Ontario Inc. · interim final: unstated · claims qualifier: unstated; basis: actual · quote: As reflected in the table above, as at the date of this Report, the Monitor has distributed approximately $8.5 million from the Surplus, comprised of: (a) the full amount owing to 2557725 Ontario Inc., a mortgagee of the real property owned by one of the Non-Applicants (22 Old Kennedy Development Inc.); and (b) approximately $5.4 million, representing 61% of the amounts owing to the other six other Secured Creditors. · pct of: unstated · outcome: distribution · pct low: 61 · pct high: 61 · class key: secured · stated by: monitor · class label: other six Secured Creditors · interim final: unstated · claims qualifier: unstated; basis: actual · quote: On certain Non-Applicant properties and properties of the NOI Debtors, all creditors were paid in full. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: monitor · class label: creditors on certain Non-Applicant properties and properties of the NOI Debtors · interim final: unstated · claims qualifier: unstated · stated on: 2022-01-24 · table missing: