Ontario · Winding-up (WURA)
Motion Record Returnable April 9, 2026
Application / notice of application · 9 April 2026
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What we verified from this filing6 verified
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noCV-16-11290-00CL
- provinceONTARIO
- commencement date16 February 2016
- fee scheduleengagements: form: report_table · rows: · money: tax: label: HST · quote: HST in the amount of $49,458.79 · amount: 49458.79 · fees: quote: inclusive of fees in the amount of $380,452.25 and HST in the amount of $49,458.79 · amount: 380452.25 · total: quote: in the total amount of $429,911.04 (inclusive of fees in the amount of $380,452.25 and HST in the amount of $49,458.79) · amount: 429911.04 · includes tax: true · approximate: false · period: end: 2025-08-31 · kind: invoice · label: Period 4 · quote: the fees of the Liquidator for the period from October 1, 2024, to August 31, 2025 · start: 2024-10-01 · approval: quote: THIS COURT ORDERS that the fees of the Liquidator for the period from October 1, 2024, to August 31, 2025, in the total amount of $429,911.04 (inclusive of fees in the amount of $380,452.25 and HST in the amount of $49,458.79) be and are hereby approved. · state: approved · averages: rate: 829.46 · quote: Average Rate per Hour $829.46 / hour · currency: · invoices: · firm text: KPMG Inc. · firm quote: Lawyers for KPMG Inc., in its capacity as Liquidator of the business in Canada of Maple Bank GmbH · hours total: quote: 25 Hours 518.3 · value: 518.3 · context quote: Lawyers for KPMG Inc., in its capacity as Liquidator of the business in Canada of Maple Bank GmbH; form: report_table · rows: · money: total: quote: in the estimated maximum amount of $248,576.00, plus disbursements and applicable taxes, are hereby approved · amount: 248576 · includes tax: false · includes disbursements: true · approximate: true · period: kind: invoice · quote: the fees and disbursements of the Liquidator for the period from September 1, 2025, to the Liquidator Discharge Date · start: 2025-09-01 · approval: quote: THIS COURT ORDERS that the fees and disbursements of the Liquidator for the period from September 1, 2025, to the Liquidator Discharge Date in the estimated maximum amount of $248,576.00, plus disbursements and applicable taxes, are hereby approved. · state: approved · averages: · currency: · invoices: · firm text: KPMG Inc. · firm quote: Lawyers for KPMG Inc., in its capacity as Liquidator of the business in Canada of Maple Bank GmbH · context quote: Lawyers for KPMG Inc., in its capacity as Liquidator of the business in Canada of Maple Bank GmbH; form: report_table · rows: · money: tax: label: HST · quote: HST in the amount of $16,066.05 · amount: 16066.05 · fees: quote: inclusive of fees in the amount of $120,468.00 · amount: 120468 · total: quote: in the total amount of $140,667.96 (inclusive of fees in the amount of $120,468.00, disbursements in the amount of $4,133.91, and HST in the amount of $16,066.05) · amount: 140667.96 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: disbursements in the amount of $4,133.91 · amount: 4133.91 · period: end: 2025-08-31 · kind: invoice · quote: the fees of BLG for the period from October 1, 2024, to August 31, 2025 · start: 2024-10-01 · approval: quote: THIS COURT ORDERS that the fees of BLG for the period from October 1, 2024, to August 31, 2025, in the total amount of $140,667.96 (inclusive of fees in the amount of $120,468.00, disbursements in the amount of $4,133.91, and HST in the amount of $16,066.05) be and are hereby appr · state: approved · averages: rate: 999.77 · quote: Average Rate per Hour $ 999.77 / hour · currency: · invoices: · firm text: BLG · firm quote: THIS COURT ORDERS that the fees of BLG for the period from October 1, 2024, to August 31, 2025 · hours total: quote: Hours 140.70 · value: 140.7 · context quote: THIS COURT ORDERS that the fees of BLG for the period from October 1, 2024, to August 31, 2025, in the total amount of $140,667.96 (inclusive of fees in the amount of $120,468.00, disbursements in the amount of $4,133.91, and HST in the amount of $16,066.05) be and are hereby appr; form: report_table · rows: · money: total: quote: in the estimated maximum amount of $120,000, plus disbursements and applicable taxes, are hereby approved · amount: 120000 · includes tax: false · includes disbursements: true · approximate: true · period: kind: invoice · quote: the fees and disbursements of BLG for the period from September 1, 2025, to the Liquidator Discharge Date · start: 2025-09-01 · approval: quote: THIS COURT ORDERS that the fees and disbursements of BLG for the period from September 1, 2025, to the Liquidator Discharge Date, in the estimated maximum amount of $120,000, plus disbursements and applicable taxes, are hereby approved. · state: approved · averages: · currency: · invoices: · firm text: BLG · firm quote: THIS COURT ORDERS that the fees and disbursements of BLG for the period from September 1, 2025, to the Liquidator Discharge Date · context quote: THIS COURT ORDERS that the fees and disbursements of BLG for the period from September 1, 2025, to the Liquidator Discharge Date, in the estimated maximum amount of $120,000, plus disbursements and applicable taxes, are hereby approved.
- recovery outcomeentries: basis: estimated · quote: Should the Court approve the proposed Seventh Interim Distribution to the GIA of approximately $2.3 million, the Liquidator will publish a notice of distribution on or around April 20, 2026 (the ' Seventh Interim Distribution Notice ', a copy of which is attached hereto as Appendix 'J' ), in the National edition of The Globe and Mail and International edition of the Financial Times , notifying creditors of the Seventh Interim Distribution and providing parties with ten (10) calendar days' notice prior to the Liquidator making the Seventh Interim Distribution, following which the Liquidator will issue the Seventh Interim Distribution on or after May 1, 2026 (the ' Distribution Date '). · pct of: unstated · outcome: distribution · class key: unsecured · stated by: liquidator · amount low: 2300000 · cumulative: false · amount high: 2300000 · class label: GIA · creditor name: GIA · interim final: interim · conditional on: Should the Court approve the proposed Seventh Interim Distribution · claims qualifier: unstated; basis: actual · quote: The Court issued an Order dated May 21, 2025 (the ' Sixth Interim Distribution Order ') among other things, approving a reduction in the Estimated Reserve as set out in the Eighteenth Report, and authorizing and directing the Liquidator to make a distribution in the amount of $8.6 million to the GIA. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: court · amount low: 8600000 · cumulative: false · amount high: 8600000 · class label: GIA · creditor name: GIA · interim final: interim · claims qualifier: unstated · stated on: 2026-03-31 · table missing: The table below summarizes (i) the net assets in the Toronto Branch estate available for distribution; (ii) the Estimated Reserve; and (iii) the Toronto Branch's estimated surplus available for an interim distribution to the GIA (the ' Sixth Interim Distribution '), as at March 31, 2025.