Manitoba · Receivership (court-appointed)
Approval and Vesting Order - 60 Crane
Approval and vesting order · 25 November 2021
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 filing6 verified
- closing termsVesting is effective upon delivery of the Receiver's Certificate to the Purchasers; the Receiver must file the certificate with the Court after the Sale Transaction has closed to its satisfaction.
- order date18 November 2021
- presiding officerJustice Kroft
- purchaserSiddharth Varma and Kunal Mahajan
- sale outcometext: Court approved the Sale Transaction of Prendiville's Thompson, Manitoba real property to Siddharth Varma and Kunal Mahajan or their nominee, with vesting upon delivery of the Receiver's Certificate and net proceeds to be paid to the Applicant (CIBC). · scope: parcel · status: approved
- sealed itemsSecond Confidential Report of the Receiver dated November 4, 2021