Quebec · CCAA

Second Report of the Monitor on the Business and Financial Affairs of the Debtor Companies

Court officer report · 5 February 2021

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 filing3 verified

operational summaryKanwal and SEC continue to operate as usual during the CCAA stay while pursuing a DIP/refinancing with Waygar Capital to repay secured lenders; no additional financing is currently required per the cash flow projections.
report date5 February 2021
report noSecond Report