Ontario · CCAA
Forty-Fifth Report of the Monitor and Receiver
Court officer report · 21 April 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 filing6 verified
- cash on handnote: Cumulative total held in Monitor trust accounts for the Carillion Applicants (96,620,346) and Rokstad LP (28,233,680); excludes approximately $200,000 of real estate sale proceeds held for a CCI subsidiary. Separately, the cash flow forecast states opening cash positions of approximately $97.8 million (Carillion) and $28.6 million (Rokstad) as at the start of the forecast period. · as at: 2025-03-29 · amount: 124854025 · currency: CAD · qualifier: held in the Monitor's trust accounts
- operational summaryThe Applicants have sold all operating business divisions and real estate assets and settled their affirmative construction claims; the proceedings continue to review and resolve remaining Claims and make further interim distributions, and no further receipts are anticipated.
- receipts cumulativenote: Stated as cumulative receipts of the Carillion Applicants and Rokstad LP for the variance period; relate to interest income and GST refunds received by Rokstad LP. Does not include the approximately $3.5 million settlement received into the Monitor's trust account. · since: October 6, 2024 (period to March 29, 2025) · amount: 56000 · currency: CAD
- recovery outcomeentries: basis: actual · quote: Since August 4, 2021, the Carillion Applicants have made interim distributions totaling approximately $70.6 million. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 70600000 · cumulative: true · amount high: 70600000 · class label: Carillion Applicants interim distributions (general unsecured/construction subcontractor claims) · interim final: interim · claims qualifier: unstated; basis: actual · quote: Since March 27, 2022, the Carillion Applicants have made interim distributions from the Trust Funds relating to these Proven Priority Claims, totaling approximately $13.5 million (including reimbursements to Carillion Construction for general interim distributions previously paid to the Proven Priority Claims). · pct of: unstated · outcome: distribution · class key: preferred · stated by: monitor · amount low: 13500000 · cumulative: true · amount high: 13500000 · class label: Proven Priority Claims (Trust Funds) · interim final: interim · claims qualifier: unstated · stated on: 2025-04-21 · table missing:
- report date21 April 2025
- report noForty-Fifth Report