Alberta · Receivership (court-appointed)
Approval and Vesting Order - Auction Proposal - November 7 2019
Approval and vesting order · 7 November 2019
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 occurs upon McDougall paying the Net Sale Proceeds with an accounting to the Receiver and delivery of the Receiver's Closing Certificate to McDougall
- order date7 November 2019
- presiding officerJustice M.J. Lema
- purchaserprice: note: Auction Proposal appended in a confidential appendix; price not stated in the order · sealed: true · scope: the Debtor's right, title and interest in the assets described in Schedule "A" (vehicles, equipment, trailers and miscellaneous assets including inventory, tools, small equipment and parts) · status: approved · name note: end purchasers at auction, unnamed; vesting in 'the person or persons acquiring the Assets' via McDougall Auctions Ltd. · structure: auction · name source: operative · relationship: unstated
- sale advisorMcDougall Auctions Ltd.
- sale outcometext: Court approved the Auction Proposal with McDougall Auctions Ltd. for the auction of the Debtor's equipment, rolling stock and miscellaneous assets; vesting to occur on delivery of the Receiver's Closing Certificate · scope: liquidation · status: approved
- sealed itemsAuction Proposal between the Receiver and McDougall Auctions Ltd. appended as Confidential Appendix "T"