Quebec · CCAA
2025-10-22 Demande pour (i) Terminer les procédures LACC (ii) Libérer le Contrôleur (iii) Prolonger la suspension et pour (iv) Autres (ang.)
Application / notice of application · 22 October 2025 · French
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 filing8 verified
- secured creditorsnote: NBC described as one of the most significant secured creditors, unaffected under CCAA proceedings; personal guarantee also granted by Laurent Amram in favour of NBC (related individual guarantor role) · page: 3 · debtor: Elna Medical Group Inc. and other Applicants · creditor: National Bank of Canada (NBC) · currency: CAD · security: Senior secured creditor; DIP Facility provided (increased to $6,500,000, later up to $8,000,000, with DIP Charge up to $9,600,000); DIP Charge subsequently discharged
- secured creditorsnote: Confirmed it would not file conservation notices to allow EMG Shares transactions to close without approval and vesting orders · page: 6 · debtor: EMG Shares entities (non-Applicant) · creditor: Investissement Québec · currency: CAD · security: Registered hypothec on EMG Shares assets/entities
- secured creditorsnote: Confirmed it would not file conservation notices to allow EMG Shares transactions to close without approval and vesting orders · page: 6 · debtor: EMG Shares entities (non-Applicant) · creditor: McKesson Canada · currency: CAD · security: Registered hypothec on EMG Shares assets/entities
- secured creditorsnote: Confirmed it would not file conservation notices to allow EMG Shares transactions to close without approval and vesting orders · page: 6 · debtor: EMG Shares entities (non-Applicant) · creditor: Placements SP · currency: CAD · security: Registered hypothec on EMG Shares assets/entities
- unsecured creditorsnote: Agreement reached directly between Norea and NBC; amount not stated in these pages · page: 6 · basis: Claim covered by Norea Reserve under Distribution Order · debtor: Applicants · creditor: Norea · currency: CAD
- unsecured creditorsnote: Deemed trust / priority claim class; Monitor to issue notices of acceptance/disallowance; portion is unsecured and will not lead to distribution · page: 7 · as of: August 25, 2025 (Fiscal Authority Claims submission) · basis: Fiscal Authority Claims submitted to Monitor in accordance with Distribution Order · debtor: Applicants (Consolidated) · creditor: Revenu Québec (RQ) · currency: CAD
- unsecured creditorsnote: Deemed trust / priority claim class; Monitor to issue notices of acceptance/disallowance; portion is unsecured and will not lead to distribution · page: 7 · as of: August 25, 2025 (Fiscal Authority Claims submission) · basis: Fiscal Authority Claims submitted to Monitor in accordance with Distribution Order · debtor: Applicants (Consolidated) · creditor: Canada Revenue Agency (CRA) · currency: CAD
- secured creditorsnote: Testimony reference by Mr. Amram; estimated potential loss of $3-4 million in building value if no long-term lease signed · page: 66 · debtor: Company that owns Elna/CDL head office buildings (non-Applicant) · creditor: National Bank of Canada (NBC) · currency: CAD · security: Secured creditor of two head office buildings (~20,000 sq ft); placed the company into receivership