Ontario · NOI
Third Report of the Proposal Trustee (August 27, 2026)
Court officer report · 27 August 2026
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 filing4 verified
- operational summaryThe Company continues operating under the NOI/proposal proceedings with restored bank account access and returned garnished funds, is seeking a further stay extension to October 19, 2026, and is drawing on DIP financing to fund ongoing operations while pursuing a restructuring.
- professional feesnote: Professional fees were $58,962 less than projected; company's counsel had not yet invoiced. · party: Company's counsel (NOI proceedings) · period: Reporting Period (July 18 to August 21, 2026) · currency: CAD
- report date27 August 2026
- report noThird Report