Ontario · Receivership (court-appointed)

Motion Record (Extending Time for Service of Statement of Claim and other relief), returnable January 18, 2021

Application / notice of application · 19 May 2023

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: estimated · quote: As we have previously indicated, there are presently no funds available for distribution to unsecured creditors of Kew Media, nor are any such funds expected given the size of the shortfall likely to be suffered by Kew Media's secured lenders. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors of Kew Media · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As we have previously indicated, there are presently no funds available for distribution to unsecured creditors of Kew Media, nor are any such funds expected given the size of the shortfall likely to be suffered by Kew Media's secured lenders. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Kew Media's secured lenders · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: That is all the more true for equity claims of shareholders, such as those of your clients and the proposed class. · pct of: unstated · outcome: nil · class key: equity · stated by: receiver · class label: equity claims of shareholders · interim final: unstated · claims qualifier: unstated · table missing: