Ontario · CCAA
Seventh Report of the Monitor
Court officer report · 31 May 2011
A plain-language read of this filing opens with a subscription.
What we verified from this filing9 verified
- cash on handnote: Balance remaining in the Cash Reserve held in trust by the Monitor in respect of the Administration Charge; reconciliation exhibit shows a more precise balance of $113,810 as at May 31, 2011. · as at: 2011-05-31 · amount: 114000 · currency: CAD · qualifier: approximately
- closing confirmedscope: substantially all of the assets of the Applicants, including the Tax Refunds · outcome: completed · purchaser: New Planet Organic · date basis: unstated · approval order date: 2010-06-04
- operational summaryThe Applicants' operations have effectively ended following the Acquisition, with the remaining CCAA proceedings limited to administering the Cash Reserve, awaiting receipt of Tax Refunds by New Planet Organic, and winding down without seeking a further stay extension.
- professional feesnote: Fees settled from the Cash Reserve as obligations secured by the Administration Charge; total combines Monitor's own fees with those of several law firms. · party: Monitor (Deloitte & Touche Inc.) and legal counsel (Goodmans LLP, Baker McKenzie LLP, Heighington Law Firm) · amount: 167528.23 · period: since the Closing Date (June 2010) to December 2010 · currency: CAD
- purchaser7562578 Canada Inc.
- report date31 May 2011
- report noSeventh Report
- sale advisorPCG
- sale outcometext: the Acquisition closed and the Cash Reserve obligations have largely been resolved · scope: whole_business · status: closed