Ontario · CCAA
Fifty-Fifth Report of the Monitor dated March 28, 2023
Court officer report · 28 March 2023
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 filing6 verified
- operational summaryThe report does not describe USSC's own operations; it updates the Monitor's activities as Land Restructuring Officer of the Land Vehicle, which holds former USSC real property for sale for the benefit of stakeholders. It sets out the Monitor/LRO's opposition to DGAP's April 13, 2023 motion and the status of the DGAP sale, Stelco's appeal steps and Stelco's unsolicited proposal to buy the Land Vehicle Stakeholders' partnership units.
- purchaserDGAP Investments Ltd.
- report date28 March 2023
- report noFifty-Fifth Report
- sale advisorCushman and Wakefield ULC
- sale outcometext: The Residual Farm Land Transaction was approved by the Court and the parties were negotiating documentation to complete the sale, extending the Outside Date to February 28, 2023. · scope: parcel · status: pending_approval