Ontario · CCAA
Second Supplement to the Third Report, dated May 29, 2026
Court officer report · 29 May 2026
Also filed as: Second Supplementary Motion Record, returnable June 4, 2026
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What we verified from this filing11 verified
- courtOntario Superior Court of Justice (Commercial List)
- court file noCL-26-00000083-0000
- provinceOntario
- secured creditors2379338 Ontario Inc.; Bank of Montreal; Ford Credit Canada Leasing
- report noSecond Supplement to the Third Report
- commencement date26 February 2026
- proceeding typeCCAA Proceedings
- statutory basisCompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
- operational summaryThe report provides additional information arising from the Monitor's review of responding materials filed by Mr. Liu and 10009, covering the Data Room contents, cash flow variance reporting, the ASRS appraisal, and finalization of the APA.
- financial positionThe Appraisal's estimated market value of approximately $11.0 million to $12.0 million is materially higher than the carrying values reflected in the Debtor's trial balance as of February 20, 2026, which shows a gross carrying amount of approximately $3.02 million and accumulated amortization of approximately $1.74 million for the Ontario warehouse equipment.
- report date4 June 2026