British Columbia · Bankruptcy

Approval and Reverse Vesting Order

Reverse vesting order · 14 June 2024

Also filed as: Order Approving Proposal

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 filing13 verified

applicantLotus Ventures Inc.
appointeeMNP Ltd.
appointee roleproposal trustee
commencement date14 June 2024
courtTHE SUPREME COURT OF BRITISH COLUMBIA
court file noB-240063
statutory basisBankruptcy and Insolvency Act, R.S.C. 1985, c. B-3
closing termsClosing occurs upon issuance of Proposal Trustee's Certificate confirming satisfaction/waiver of conditions precedent, following the Closing Sequence set out in the Agreement.
order date14 June 2024
outside date15 July 2024
presiding officerJustice Brongers
purchaser5008679 Ontario Limited
residualcoLotus Cannabis Alberta Incorporated