Quebec · CCAA
2025-10-01 Second report of the Monitor (in French)
Court officer report · 1 October 2025 · French
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 filing10 verified
- report date1 October 2025
- report no2
- operational summaryThe Controller has taken conservatory measures including retaining former employees for IT and environmental monitoring, managing environmental compliance (water treatment, contaminated soil, security, fencing) on the site, inventorying and preserving movable assets (with SIS Services inc.), negotiating with Groupe Canam regarding stored steel, communicating with stakeholders (secured creditor, Northvolt AB trustee, suppliers, potential buyers, Kahnawà:ke Council, MELCCFP), and taking control of bank accounts, opening a trust account, and issuing payment guarantees to certain suppliers due to delayed access to the debtors' network and accounting records.
- cash on handamount: 12536000 · currency: CAD
- professional feesamount: 1550000 · currency: CAD
- cash on handnote: Actual closing cash balance per the actual-vs-forecast table for the period Sept 12-26, 2025 (shown in thousands, unaudited); opening balance also 12,536 because no receipts or disbursements were processed in the period. The opening balance exceeded forecast by 2,213 thousand, due mainly to a JPMorgan Chase account confirmed at $2.2 million. · as at: 2025-09-26 · amount: 12536000 · currency: CAD
- operational summaryThe debtors have ceased operations; the Monitor is running conservatory measures (water treatment, site security, environmental compliance, inventory of assets) and preparing to sell movable assets, while network access to debtor systems remains only partially restored.
- professional feesnote: Forecast figure, not fees actually incurred: Oct 950, Nov 300, Dec 300 (in thousands). Report says it is an estimate of accrued and upcoming fees based on experience in similar mandates. Actual disbursements for professional fees in Sept 12-26 were nil (forecast 724 thousand, delayed). Tax treatment not stated. · party: Estimated professional fees (not further itemized by party) · amount: 1550000 · period: October to December 2025 · currency: CAD
- report date1 October 2025
- report noDeuxième rapport