Ontario · Receivership (court-appointed)
First Supplemental Report of the Receiver
Court officer report · 26 March 2025
What we verified from this filing4 verified
- closing confirmedscope: the Transaction · outcome: completed · effective: 2025-03-17 · purchaser: Taro Pharmaceuticals Inc. · date basis: stated · approval order date: 2025-01-29
- purchaserTaro Pharmaceuticals Inc.
- recovery outcomeentries: basis: actual · quote: Pursuant to the Ancillary Order issued by the Honourable Justice Osborne on January 29, 2025, the Nuance Distribution was paid in full to Nuance in priority to the Claims of unsecured creditors. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Nuance Pharma Ltd. (Nuance Distribution) · creditor name: Nuance Pharma Ltd. · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: With respect to the Proven Claims, the proposed Interim Distribution represents a recovery of 100% for the preferred unsecured Proven Claims of $2 thousand, and a recovery of approximately 42% for the unsecured Proven Claims of $42.4 million as outlined in the table below: · pct of: proven_claims · outcome: distribution · pct low: 100 · pct high: 100 · class key: preferred · stated by: receiver · class label: preferred unsecured Proven Claims · claims amount: 2000 · interim final: interim · claims qualifier: proven; basis: estimated · quote: With respect to the Proven Claims, the proposed Interim Distribution represents a recovery of 100% for the preferred unsecured Proven Claims of $2 thousand, and a recovery of approximately 42% for the unsecured Proven Claims of $42.4 million as outlined in the table below: · pct of: proven_claims · outcome: distribution · pct low: 42 · pct high: 42 · class key: unsecured · stated by: receiver · class label: unsecured Proven Claims · claims amount: 42400000 · interim final: interim · claims qualifier: proven · stated on: 2025-01-29 · table missing:
- sale outcometext: the Transaction closed successfully on March 17, 2025 · scope: whole_business · status: closed