Ontario · Receivership (court-appointed)
Approval and Vesting Order (September 26, 2023)
Approval and vesting order · 26 September 2023
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 filing6 verified
- closing termsVesting occurs upon delivery of the Receiver's Certificate confirming payment of the purchase price, satisfaction or waiver of closing conditions, and completion of the Transaction to the Receiver's satisfaction
- order date26 September 2023
- presiding officerJustice Conway
- purchaser5051802 Ontario Inc.
- sale outcometext: The Court approved the Transaction with 5051802 Ontario Inc. and authorized the Receiver to complete it; vesting is effective upon delivery of the Receiver's Certificate. · scope: whole_business · status: approved
- sealed itemsConfidential Appendices 'C' and 'E' to the Second Report: a summary of the offers received during the SISP, and an unredacted copy of the Purchase Agreement