Ontario · Winding-up (WURA)
Motion Record Returnable August 26, 2021
Application / notice of application · 26 August 2021
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: In accordance with the Distribution Order, on December 9, 2016 the Liquidator paid proven claims in the total value of approximately $686.8 million. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: liquidator · amount low: 686800000 · cumulative: false · amount high: 686800000 · class label: creditors of the Toronto Branch with proven claims · interim final: unstated · claims qualifier: unstated; basis: actual · quote: In accordance with the Initial Interim Distribution Order, on March 14, 2017 the Liquidator duly issued a payment of approximately $658 million to the GIA. · pct of: unstated · outcome: distribution · stated by: liquidator · amount low: 658000000 · cumulative: false · amount high: 658000000 · class label: GIA · creditor name: GIA · interim final: interim · claims qualifier: unstated; basis: actual · quote: On September 26, 2017, the Liquidator was duly authorized by Court Order to make the Second Interim Distribution in the amount of approximately $91.4 million to the GIA. · pct of: unstated · outcome: distribution · stated by: liquidator · amount low: 91400000 · cumulative: false · amount high: 91400000 · class label: GIA · creditor name: GIA · interim final: interim · claims qualifier: unstated; basis: actual · quote: Approval was also granted for a Fourth Interim Distribution to the GIA, in the amount of approximately $25.7 million, as further detailed in the Fourteenth Report of the Liquidator. · pct of: unstated · outcome: distribution · stated by: liquidator · amount low: 25700000 · cumulative: false · amount high: 25700000 · class label: GIA · creditor name: GIA · interim final: interim · claims qualifier: unstated · stated on: 2021-08-20 · table missing: