Ontario · NOI
First Report to Court, dated June 24, 2019
Court officer report · 24 June 2019
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 filing12 verified
- appointeeMNP Ltd.
- appointee roletrustee under the notice of intention to make a proposal
- commencement date28 May 2019
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file no31-2516167
- proceeding typebia_noi
- provinceONTARIO
- statutory basissection 50.4 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended
- statutory basissection 50.4 of the Bankruptcy and Insolvency Act
- financial positionnote: A search of the Ontario PPSA registry (file currency May 23, 2019) and review of Company records indicate there are no known secured creditors of the Company. Assets consist primarily of intellectual property and accounts receivable; no dollar figures for assets/liabilities are stated in these pages (details said to be in the separately-filed Giner Affidavit, not repeated in this Report). Company had $288,220 in cash as at June 3, 2019. · page: 4 · basis: unaudited, draft and/or internal financial information · scope: entity - Orbcare Inc. · currency: CAD
- unsecured creditorsnote: Document names no individual creditors; largest creditor stated to be Canada Revenue Agency for unpaid source deductions, HST and corporate taxes (deemed trust class), though records are incomplete and no amount specified for CRA claim. · page: 4 · as of: NOI filing date · basis: Orbcare's NOI lists creditors with claims of $927,431 · amount: 927431 · debtor: Orbcare Inc. · creditor: Unsecured creditors (aggregate as reported in NOI) · currency: CAD
- secured creditors