Ontario · CCAA

This Twentieth Report (the “Twentieth Report”) has been prepared by the Monitor to provide information to the Court on: (a) the Applicants’ operations since the issuance of the Nineteenth Report of the Monitor, dated September 21, 2021 (the “Nineteenth Report”); (b) the Finch West Litigation (as defined below); (c) the Auditor Litigation (as defined below); (d) other litigation proceedings and settlements; (e) the current status of the P3 Projects (as defined below); (f) the current status of HST refunds owing from the Canada Revenue Agency (“CRA”) and the CRA audits; (g) the current status of the Potential LC Funds (as defined below); (h) the status of the Monitor’s transfer at undervalue proceedings; (i) the Applicants’ receipts and disbursements for the period from August 28, 2021 through December 31, 2021 compared to the cash flow forecast appended to the Sixteenth Report; and (j) the Applicants’ updated cash flow forecast for the period from January 2, 2022 to January 27, 2023. This Twentieth Report has also been prepared to provide information to the Court on the Monitor’s motion for orders extending the Stay Period to January 27, 2023 and approving certain amendments to the Agent DIP Facility

Court officer report · 19 January 2022