Ontario · Receivership (court-appointed)
Eighth Report of the Receiver dated March 29, 2018 (w/o Appendices)
Court officer report · 29 March 2018
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: Accordingly, the Receiver distributed $600,000 to Visram out of the deposit forfeited by the Purchaser, rather than continue to hold the funds. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 600000 · cumulative: false · amount high: 600000 · class label: Zaherali Visram · creditor name: Zaherali Visram · interim final: unstated · conditional on: without prejudice to the rights of all the other parties and subject to a future accounting by Visram in respect of the two mortgages · claims qualifier: unstated; basis: actual · quote: Pursuant to the Interim Distribution Order, the Court approved an interim distribution to Visram in the amount of $8,000,000, payable out of the proceeds from the Transaction. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 8000000 · cumulative: false · amount high: 8000000 · class label: Zaherali Visram · creditor name: Zaherali Visram · interim final: interim · conditional on: payable out of the proceeds from the Transaction; without prejudice to the rights of the other parties and subject to an accounting · claims qualifier: unstated · stated on: 2018-03-29 · table missing: