Ontario · CCAA
Notice of Application .pdf
Application / notice of application · 15 October 2020
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 filing4 verified
- secured creditorsnote: Reassessments issued on or about July 28, 2020 in respect of reporting periods June 1, 2016 to October 31, 2018, comprising over $133,000,000 in denied ITCs and gross negligence penalties in excess of $34,000,000, plus interest, totaling 'roughly $189,000,000' (floor/approximate figure per document); enforceable notwithstanding contestation in Tax Court; quasi-governmental (GST/HST reassessment) claim. · page: 6 · as of: 2020-07-28 · amount: 189000000 · debtor: Express Gold Refining Ltd. · creditor: Canada Revenue Agency · currency: CAD
- secured creditorsnote: Described as EGR's only secured creditor; no amount stated. · page: 8 · debtor: Express Gold Refining Ltd. · creditor: Unnamed lessor (vehicle lease) · currency: CAD · security: Vehicle lease
- counselGoldman Sloan Nash & Haber LLP
- counselGoldman Sloan Nash & Haber LLP