Ontario · CCAA
Third Report to the Court dated
Court officer report · 26 March 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 filing7 verified
- cash on handnote: Closing cash balance for the 15 week Monitored Period ended March 21, 2025. · as at: 2025-03-21 · amount: 119755 · currency: CAD
- disbursementsnote: Total actual disbursements for the 15 week Monitored Period ended March 21, 2025. · since: December 9, 2024 · amount: 7760289 · currency: CAD
- operational summaryWellingtonCo continues construction of the 1451 Wellington condominium project, drawing on DIP financing to fund construction and CCAA-related professional fees while pursuing restructuring initiatives with the Monitor and DIP Lender.
- professional feesnote: Actual disbursement vs projected $474,772 for the Monitored Period; positive variance of $241,832 noted as likely permanent. · party: CCAA professionals (Monitor, Monitor's counsel, Company's counsel) · amount: 232940 · period: December 9, 2024 to March 21, 2025 · currency: CAD
- receipts cumulativenote: Total actual receipts for the 15 week Monitored Period ended March 21, 2025. · since: December 9, 2024 · amount: 7873052 · currency: CAD
- report date26 March 2025
- report noThird Report