Manitoba · Receivership (court-appointed)
Distribution Order
Distribution order · 17 December 2020
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 filing2 verified
- presiding officerJustice Kroft
- recovery outcomeentries: basis: actual · quote: THIS COURT APPROVES the interim distribution proposed by the Receiver in its Second Report, and in particular directs the Receiver to pay or cause to be paid to CIBC the sum of $9,150,000.00, as follows: · pct of: unstated · outcome: distribution · class key: secured · stated by: court · amount low: 9150000 · cumulative: false · amount high: 9150000 · class label: Canadian Imperial Bank of Commerce (CIBC) · creditor name: Canadian Imperial Bank of Commerce · interim final: interim · conditional on: Distribution is without prejudice to the allocation of the Charges and of net sale proceeds; a $1,750,000 Holdback is retained pending allocation of the Wellons Allocation. · claims qualifier: unstated · stated on: 2020-12-17 · table missing: