Ontario · CCAA
Eighth Report of the Monitor
Court officer report · 16 August 2016
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What we verified from this filing9 verified
- cash on handnote: Balance remaining in the Cash Reserve held in trust by the Monitor in respect of the Administration Charge · amount: 76874 · currency: CAD · qualifier: approximately
- closing confirmedscope: substantially all of the assets of the Applicants · outcome: completed · purchaser: 7562578 Canada Inc. · date basis: unstated · approval order date: 2010-06-04
- operational summaryThe Applicants sold substantially all assets to New Planet Organic in 2010 and have had no remaining officers, directors or employees since; the CCAA proceedings are now winding down with the Monitor seeking discharge and termination following resolution of a tax refund dispute.
- professional feesnote: Includes GST/HST. Goodmans LLP (Monitor's counsel) fees separately stated at $337,157.71 including GST/HST for the period April 6, 2010 to July 27, 2016; an additional Maximum Remaining Amount of up to $16,000 (including ~$4,200 unbilled Goodmans fees) also requested. · party: Deloitte & Touche Inc. (Monitor) · amount: 480673 · period: March 10, 2010 to August 2, 2016 · currency: CAD
- purchaser7562578 Canada Inc.
- report date16 August 2016
- report noEighth Report
- sale advisorPartnership Capital Growth LLC
- sale outcometext: the Acquisition closed and proceeds were distributed pursuant to the Approval and Vesting Order · scope: whole_business · status: closed