British Columbia · Receivership (court-appointed)
Notice of Application - Advice and Direction, filed October 12, 2022
Application / notice of application · 12 October 2022
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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: OGOY's unsecured creditors will receive 3.28 percent of the amounts owing, paid as a lump-sum on implementation. · pct of: unstated · outcome: distribution · pct low: 3.28 · pct high: 3.28 · class key: unsecured · stated by: receiver · class label: OGOY's unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Petitioners support the Share Purchase Agreement, notwithstanding that they will suffer a shortfall recovery and have agreed to release their security interest in OGOY and OGAB pursuant to certain terms and conditions of the Share Purchase Agreement. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Pandion · creditor name: Pandion · interim final: unstated · claims qualifier: unstated · table missing: