Ontario · Receivership (court-appointed)
Second Report of the Receiver dated May 7, 2026 (Part 1 of 2)
Court officer report · 7 May 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing2 verified
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 454.04 · quote: The average hourly rate billed by the Receiver during the period is $454.04. · currency: · invoices: · firm text: KPMG Inc. · firm quote: SECOND REPORT OF KPMG INC., IN ITS CAPACITY AS RECEIVER AND MANAGER · context quote: KPMG Inc. in its capacity as court-appointed receiver and manager of Jade Equipment Co. Ltd and Elvaan Group Inc., and not in its personal or corporate capacity
- recovery outcomeentries: basis: unstated · quote: As EGI was essentially a holding company, it contained no realizable assets and, therefore, there will be no recovery for its creditors. · pct of: unstated · outcome: nil · stated by: receiver · class label: EGI creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The Receiver proposes to make an interim distribution to the Lender in the amount of $915,000 (the ' Interim Distribution '), as detailed below: · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 915000 · cumulative: false · amount high: 915000 · class label: RBC (Lender) · creditor name: Royal Bank of Canada · interim final: interim · conditional on: the Court granting the Lift-Stay Order sought by RBC, and Jade having been assigned into bankruptcy prior to the Receiver making any distributions · claims qualifier: unstated · stated on: 2026-05-07 · table missing: