British Columbia · NOI
Notice of Application to Court returnable May 13, 2020
Application / notice of application · 8 May 2020
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 filing11 verified
- applicantTBA Beverage Inc.
- commencement date8 May 2020
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file noB-200208
- proceeding typebia_noi
- statutory basiss. 50.4(9) of the Bankruptcy and Insolvency Act, R.S.C. 1983 c. B-3
- statutory basiss. 50.4(9) of the Bankruptcy and Insolvency Act
- appointeeThe Bowra Group Inc.
- appointee roleProposal Trustee
- secured creditorsnote: Related party - related to certain shareholders and management of TBA; approximate figure as at date of filing; delivered Notice of Default and Demand for Payment and Notice of Intention to Enforce Security on April 13, 2020; entered forbearance agreement same day · page: 3 · as of: NOI filing date · amount: 6000000 · debtor: TBA Beverage Inc. · creditor: 1241393 B.C. Ltd. · currency: CAD · security: General Security Agreement dated October 11, 2016 over all present and after-acquired property, securing Loan Agreement dated October 11, 2016 (amended November 5, 2019 and March 16, 2020) and Line of Credit Agreement dated December 11, 2019
- unsecured creditorsnote: Document names no individual creditors; figure described as 'in excess of' - floor amount · page: 3 · as of: 2020-04-14 · basis: as reported in Notice of Application - 'creditors with claims of in excess of $9 million' · amount: 9000000 · debtor: TBA Beverage Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD