Ontario · CCAA
Third Report of the Monitor dated December 24, 2025
Court officer report · 24 December 2025
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What we verified from this filing10 verified
- report date24 December 2025
- report noThird
- cash on handamount: 2816000 · currency: CAD
- operational summarySince the Second Report, BHA continued to operate in the ordinary course under the Monitor's supervision, corresponded with the Monitor, McCarthy, Cassels, SJHC and BHI on operating and Transaction matters, addressed customer contract issues, reviewed and updated cash flow forecasts, and maintained its Permits and Licenses in good standing. The Monitor, in turn, corresponded extensively with BHA and counsel, monitored receipts and disbursements, assisted with cash flow reporting to the DIP Lender, and prepared this Third Report.
- professional feesCassels: amount: 299013.5 · currency: CAD · Monitor KSV: amount: 288061.25 · currency: CAD
- receipts cumulativeamount: 3778000 · currency: CAD
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: end: 2025-11-30 · kind: invoice · quote: For the Period from September 17, 2025 to November 30, 2025 · start: 2025-09-17 · approval: state: unstated · averages: rate: 600.63 · quote: The average hourly rates for KSV and Cassels for the referenced billing periods were $600.63 and $1,242.27, respectively. · scope: KSV · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. (' KSV ') was appointed as monitor in the CCAA proceeding · context quote: KSV Restructuring Inc. (' KSV ') was appointed as monitor in the CCAA proceeding (in such capacity, the ' Monitor '); form: prose · rows: · money: total: quote: Cassels incurred fees and disbursements, including Harmonized Sales Tax (' HST ') , in the amount of $342,394.25 · amount: 342394.25 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2025-11-30 · kind: invoice · quote: During the period from October 3, 2025 to November 30, 2025 · start: 2025-10-03 · approval: state: unstated · averages: rate: 1242.27 · quote: The average hourly rate charged by Cassels was $1,242.27. · scope: Cassels · currency: · invoices: · firm text: Cassels · firm quote: its counsel, Cassels · context quote: During the period from October 3, 2025 to November 30, 2025, Cassels incurred fees and disbursements, including Harmonized Sales Tax (' HST ') , in the amount of $342,394.25. · firm unverified: true
- purchaserSurbana Jurong Holdings (Canada) Ltd.
- sale outcometext: A motion has been scheduled to be heard on December 30, 2025 to seek approval of the proposed transaction pursuant to the Stalking Horse Agreement, as amended · scope: whole_business · status: pending_approval
- stalking horseSurbana Jurong Holdings (Canada) Ltd.