Ontario · Receivership (court-appointed)
Second Supplement to the Second Report of the Receiver dated September 13, 2024
Court officer report · 13 September 2024
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 filing5 verified
- process resultsbids: 0 · note: 180 Saw Sale Process produced no bids beyond the stalking horse bid; Hyundai Asset Management declined to participate
- purchaserprice: note: a parking spot is assigned to CEI; $100,000 credited to the Debtor via reduction of CEI's secured debt · amount: 2450000 · sealed: false · currency: CAD · scope: Unit 403 (with one parking spot assigned to CEI) · status: proposed · name note: proposed purchaser of Unit 403 under the 403 Assignment Agreement is not named in the excerpted text · structure: real_property · name source: recital · relationship: unstated; price: note: purchase price not stated in the excerpted text; CBRE OPV value range $3,050,000 to $3,250,000 · sealed: false · scope: the Second Floor Units at 128 Hazelton Avenue · status: proposed · name note: purchaser under the Second Floor APAs is not named in the excerpted text · structure: real_property · name source: recital · relationship: unstated; CEI
- sale advisorCBRE Limited
- sale outcometext: The Court-approved Sale Process for the 180 Saw partnership interests yielded no bids other than the stalking horse bid submitted by CEI; the Stalking Horse APS is recommended for approval. · scope: parcel · status: bid_selected
- stalking horseCEI