Quebec · NOI
Report of the Trustee for the Approval of the Sale of Assets Outside the Ordinary Course of Business
Court officer report · 24 November 2020
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What we verified from this filing5 verified
- secured creditorsnote: Discharged - as a result of the Debtor's restructuring measures, all indebtedness owing to TD has been repaid in full · page: 2 · debtor: S. Cohen Inc. · creditor: The Toronto-Dominion Bank · currency: CAD · security: Security interests charging all present and future inventory and claims (the "TD Security")
- secured creditorsnote: Amount stated as $1,398K in report; Trustee obtained independent opinion confirming validity and enforceability of security · page: 2 · amount: 1398000 · debtor: S. Cohen Inc. · creditor: Tafford Inc. · currency: CAD · security: Hypothec securing credit facility
- process resultsbids: 2 · ndas: 10 · note: The bids received were deemed unacceptable and were rejected by the Trustee on September 10, 2020. · solicited: 41
- purchaserContinental Capital Investments Inc.
- sale outcometext: The Trustee recommends the Court approve the offer from Continental Capital Investments Inc. for the Purchased Property; approval is pending. · scope: parcel · status: pending_approval