Ontario · Proposal
Notice of Application for Leave to Appeal of the Applicant dated October 14, 2025
Application / notice of application · 14 October 2025
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 filing1 verified
- recovery outcomeentries: basis: unstated · quote: If the full $18 million is paid out, recovery for unsecured creditors would be reduced from an anticipated 100% to 70%. · pct of: unstated · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: court · class label: unsecured creditors with proven claims · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: If the full $18 million is paid out, recovery for unsecured creditors would be reduced from an anticipated 100% to 70%. · pct of: unstated · outcome: distribution · pct low: 70 · pct high: 70 · class key: unsecured · stated by: court · class label: unsecured creditors with proven claims · interim final: unstated · conditional on: if the full $18 million profit-sharing claim is paid out · claims qualifier: unstated; basis: estimated · quote: Further, absent the profit-sharing claim, the limited partners stand to recover $13.8 million of their $14.8 million investment. · pct of: unstated · outcome: distribution · class key: equity · stated by: court · amount low: 13800000 · amount high: 13800000 · class label: limited partners · claims amount: 14800000 · interim final: unstated · conditional on: absent the profit-sharing claim · claims qualifier: unstated; basis: estimated · quote: However, if the full $18 million is paid out, the limited partners will receive nothing. · pct of: unstated · outcome: nil · class key: equity · stated by: court · class label: limited partners · interim final: unstated · conditional on: if the full $18 million profit-sharing claim is paid out · claims qualifier: unstated · table missing: