Ontario · CCAA
Notice of Application
Application / notice of application · 30 September 2013
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What we verified from this filing4 verified
- secured creditorsnote: Identified in the Initial Order as 'the secured creditor' affected by the charges created; dispute exists regarding the assets subject to, and amounts owing under, the Participation Agreement; $20 million payment obligation became due Sept 30, 2013 and is unpaid · page: 4 · as of: 2013-09-30 · amount: 20000000 · debtor: GrowthWorks Canadian Fund Ltd. · creditor: Roseway Capital S.a.r.l. · currency: CAD · security: Interest in certain assets subject to a Participation Agreement
- financial positionnote: Floor figure: document states 'total claims against it in excess of $5 million' · page: 6 · basis: stated in Notice of Application as ground for insolvency · scope: Applicant (GrowthWorks Canadian Fund Ltd.) entity level · currency: CAD · total liabilities: 5000000
- counselMcCARTHY TÉTRAULT LLP
- recovery outcomeentries: basis: estimated · quote: The board of directors of the Fund believes that, with the benefit of the protection of a stay of proceedings and critical supplier order under the CCAA and the assistance of the Court in resolving the legal and factual issues, all creditors will be paid in full and substantial equity will remain for the Fund's shareholders. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: debtor · class label: all creditors · interim final: unstated · conditional on: with the benefit of the protection of a stay of proceedings and critical supplier order under the CCAA and the assistance of the Court in resolving the legal and factual issues · claims qualifier: unstated · table missing: