Ontario · CCAA
Sixth Report of the Receiver and Manager, dated December 16, 2024
Court officer report · 16 December 2024
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What we verified from this filing9 verified
- report noSixth Report
- operational summaryThe Sixth Report sets out additional material filed with the Court since the Fourth Report that the Receiver intends to rely on at the Trial of Issues regarding the $4 million Niceforo Deposit, and responds to allegations in the Niceforo Affidavit regarding the Receiver's actions and omissions relating to the removal of inventory from 1500 Birchmount, including details of the Birchmount Sale Process, the Birchmount Transaction with 267 Ontario, the termination of the 229 Liquidation Agreement, and the engagement of Elm Developments to complete removal and disposal of remaining inventory during the Birchmount Clean-up Period (September 7-19, 2024).
- report date16 December 2024
- closing confirmedscope: 1500 Birchmount · outcome: completed · effective: 2024-10-10 · purchaser: 2674553 Ontario Limited · date basis: stated · approval order date: 2024-08-29
- operational summaryThe report addresses the removal and disposal of remaining inventory from 1500 Birchmount after the debtor's principal failed to complete removal by the agreed deadline, requiring the Receiver to engage a contractor (Elm) to clean up the site following approval and closing of the Birchmount property sale.
- purchaser2674553 Ontario Limited; Niceforo Enterprises Inc.
- report date16 December 2024
- report noSixth Report
- sale outcometext: The Birchmount Transaction closed on October 10, 2024 · scope: parcel · status: closed