Ontario · Receivership (court-appointed)
Receiver’s Factum (Motion for Approval and Vesting, Ancillary Orders returnable June 15, 2020).pdf
Application / notice of application · 15 June 2020
What we verified from this filing3 verified
- counselHarrison Pensa LLP
- counselHarrison Pensa LLP
- recovery outcomeentries: basis: estimated · quote: the Receiver's opinion that the estimated recovery from the assets and undertakings of DMCL and 112 Ontario will not be sufficient to retire the estimated amount of the RBC Indebtedness and potential priority claims with the result that there will be no recovery available to the unsecured creditors of the receivership estates of DMCL and 112 Ontario; · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors of the receivership estates of DMCL and 112 Ontario · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The Receiver states that the Bank, as the senior secured creditor of the Respondents, approves of the Transaction, and will suffer a shortfall following the distribution of any proceeds of same. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: the Bank · creditor name: Royal Bank of Canada · interim final: unstated · claims qualifier: unstated · table missing: