Ontario · Winding-up (WURA)
Notice of Motion - 2005.12.14
Application / notice of application · 14 December 2005
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 filing2 verified
- counselGoodmans LLP
- recovery outcomeentries: basis: actual · quote: This Court approved a first interim distribution to policyholders and claimants of 25% of their valid and allowed claims on June 26, 2003. · pct of: allowed_claims · outcome: distribution · pct low: 25 · pct high: 25 · class key: unsecured · stated by: court · cumulative: false · class label: policyholders and claimants (first interim distribution) · interim final: interim · claims qualifier: unstated; basis: actual · quote: This Court further approved a second interim distribution (the 'Second Distribution') to policyholders and claimants of a further 25% of their valid and allowed claims on September 2, 2004, bringing the total distribution to 50%. · pct of: allowed_claims · outcome: distribution · pct low: 25 · pct high: 25 · class key: unsecured · stated by: court · cumulative: true · class label: policyholders and claimants (second interim distribution) · interim final: interim · claims qualifier: unstated; basis: unstated · quote: THIS COURT ORDERS that the Liquidator is hereby authorized to pay a third interim distribution from the estate of Reliance (Canada) in the amount of 15% of valid and allowed loss claims, where, and to the extent that, such amount, combined with the amount of payment by way of the first and second interim distributions, exceeds the payments authorized by paragraph 8 of the Order of this Court dated December 3, 2001 inter alia appointing the Liquidator. · pct of: allowed_claims · outcome: distribution · pct low: 15 · pct high: 15 · class key: unsecured · stated by: court · class label: policyholders and claimants (third interim distribution) · interim final: interim · claims qualifier: unstated · stated on: 2005-12-14 · table missing: