Ontario · Receivership (court-appointed)
Motion Record (Approval and Vesting Order, Omnibus Order, Ancillary Order) .pdf
Application / notice of application · 25 March 2020
What we verified from this filing7 verified
- applicantROYAL BANK OF CANADA
- appointeeDeloitte Restructuring Inc.
- commencement date20 March 2020
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noCV-20- 00636095-CL
- appointee roleReceiver
- recovery outcomeentries: basis: estimated · quote: It is 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 · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Receiver has notified the Car Rental Company that any claim it may have against DMCL is unsecured and that the Receiver anticipates there will be a substantial shortfall to RBC resulting in no funds being available to satisfy unsecured claims. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured claims · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: It is the Receiver's opinion that the estimated recovery from the assets and undertakings of DMCL and 1125278 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 1125278. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2020-03-19 · table missing: