Ontario · Receivership (court-appointed)
Joint Report of the Receiver and Monitor – dated April 17, 2026
Court officer report · 17 April 2026
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What we verified from this filing7 verified
- cash on handnote: Figure is 'Cash Available' per the Receiver's Statement of Receipts and Disbursements for the period June 29, 2005 to April 10, 2026. · as at: 2026-04-10 · amount: 3600598 · currency: CAD
- disbursementsnote: Cumulative total disbursements per the R&D Statement for the period June 29, 2005 to April 10, 2026. · since: June 29, 2005 (Receiver's appointment) · amount: 15681959 · currency: CAD
- operational summaryThe Receiver and Monitor are winding down the Norshield receivership and CCAA proceedings, coordinating with liquidators in Barbados and the Bahamas to realize remaining assets, with the goal of completing an interim and eventual final distribution to Proven Creditors before terminating the proceedings.
- receipts cumulativenote: Cumulative total receipts per the R&D Statement for the period June 29, 2005 to April 10, 2026. · since: June 29, 2005 (Receiver's appointment) · amount: 26782557 · currency: CAD
- recovery outcomeentries: basis: actual · quote: The distribution of the Settlement Amount to Proven Creditors amounted to approximately 6.5 cents on the dollar of the Proven Claims. · pct of: unstated · outcome: distribution · pct low: 6.5 · pct high: 6.5 · class key: unsecured · stated by: monitor · class label: Proven Creditors · interim final: unstated · cents on dollar: 6.5 · claims qualifier: unstated; basis: estimated · quote: The Receiver and the Monitor are taking the steps necessary, in conjunction with Richter as the sole remaining Joint Custodian (the ' Remaining Joint Custodian ') , to carry out an interim distribution as soon as possible of approximately $3 million from the funds on hand in the Receivership Proceeding. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: receiver · amount low: 3000000 · cumulative: false · amount high: 3000000 · class label: Proven Creditors · interim final: interim · conditional on: Subject to approval of the Barbados Court and completion of the Barbados claims process regarding Olympus Bank funds · claims qualifier: unstated · stated on: 2026-04-17 · table missing:
- report date17 April 2026
- report noJoint Report of the Receiver and Monitor