Nova Scotia · CCAA
Memorandum of Law of the Monitor dated June 24, 2025
Court officer report · 24 June 2025
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
- process resultsndas: 32 · note: On the Bid Deadline of May 9, 2025, the Monitor received 12 Qualified Bids · as of: 2025-05-09 · solicited: 156 · qualified bids: 12
- purchaserShannon Theresa Lynch; Coast to Coast Marketing Ltd, and James Roue Beverage Company Ltd.
- recovery outcomeentries: basis: estimated · quote: They will result in the full satisfaction of amounts owing to Royal Bank of Canada (' RBC '), the Applicants' secured lender, by the Operating Businesses and greater recoveries for the unsecured creditors of the Operating Businesses than any other available transaction; · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: RBC · creditor name: Royal Bank of Canada · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: BLCL's creditors, including RBC, will be fully repaid in due course from the sale of the BLCL Real Properties. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: BLCL's creditors, including RBC · interim final: unstated · claims qualifier: unstated · table missing:
- sale outcometext: The Monitor recommends the Lynch Transaction and Coast Transaction be approved following completion of the SISP · scope: whole_business · status: bid_selected