Ontario · Receivership (court-appointed)
Approval and Vesting Order
Approval and vesting order · 23 May 2025
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 filing7 verified
- closing termsVesting of Purchased Assets occurs upon the Auctioneer's receipt from a Purchaser of the purchase price determined at the Auction
- order date23 May 2025
- presiding officerJustice Steele
- purchaserprice: note: purchase price determined at the Auction for the sale of one or more Purchased Assets · basis: cash · sealed: false · scope: the Debtor's right, title and interest in and to the Property purchased by such respective Purchaser at the Auction · status: approved · name note: each purchaser at the Auction, unnamed · structure: auction · name source: operative · relationship: unstated · agreement date: 2025-05-15
- sale advisorMaynards Industries II Canada Ltd.
- sale outcometext: Auction and Auction Agreement approved · scope: whole_business · status: approved
- sealed itemsConfidential Appendices B, C, and E to the First Report