Ontario · Receivership (court-appointed)
First Report of MNP Ltd Receiver
Court officer report · 4 January 2021
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 filing11 verified
- applicant2444467 ONTARIO INC. and JAMES TONN
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-20-00649768-00CL
- provinceONTARIO
- appointeeMNP Ltd.
- appointee roleReceiver without security
- commencement date4 November 2020
- cash on handnote: Comprised of $136,561.51, $1,047,596.88 and $25,280.01 from the accounts of DAFC, ExV and Exp Capital, respectively; $1.0 million placed into interest-bearing investment certificates. · as at: 2020-12-11 · amount: 1209438.4 · currency: CAD
- operational summaryThe Entities' operations were suspended following a dispute between principals and HSBC restricting accounts; most employees and contractors were laid off in July 2020, and the Receiver terminated all remaining Staff upon its appointment, leaving the Entities with no active operations, focused on managing an investment fund portfolio.
- report date4 January 2021
- report noFirst Report