Quebec · CCAA
Monitor’s Report on the State of Petitioners’ Financial Affairs, and in support of the Motion seeking leave to transfer and surrender substantially all of the Debtors’ Assets outside the Normal Course of Business and seeking extension of the Initial Order – dated July 17, 2014
Court officer report · 17 July 2014
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What we verified from this filing4 verified
- process resultsnote: figures reproduced from the earlier Report of the Monitor on the Solicitation and Sale Process dated May 28, 2014 · as of: 2014-05-28 · solicited: 35 · qualified bids: 3
- purchaserRakotta Holdings Inc.; Timbercreek
- sale advisorCBRE Capital Markets - National Apartment Group
- sale outcometext: Monitor recommends approval of the Transfer and Surrender Agreement with Timbercreek following an unsuccessful solicitation process and failed Rakotta bid · scope: whole_business · status: pending_approval