Ontario · CCAA
Second Report to the Court dated
Court officer report · 18 December 2024
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 filing7 verified
- cash on handnote: Closing cash balance for the 8-week Monitored Period ended December 6, 2024, per actual vs. projected cash flow table. · as at: 2024-12-06 · amount: 6992 · currency: CAD
- disbursementsnote: Total Disbursements (actual) for the 8-week Monitored Period ended December 6, 2024. · since: October 14, 2024 · amount: 5047477 · currency: CAD
- operational summaryWellingtonCo continues construction of the Project (approximately 85% complete as of October 2024), funded by DIP facility advances, with a target of full completion by June 2025, while the Monitor oversees receipts/disbursements and stakeholder communications.
- professional feesnote: Actual figure; projected was $367,250, resulting in a positive variance of $209,314 due to timing. Pre-CCAA legal fees actual were $24,520. · party: CCAA professionals (Company's counsel, Monitor, and Monitor's counsel) · amount: 157936 · period: 8 week period ended December 6, 2024 · currency: CAD
- receipts cumulativenote: Total Receipts (actual) for the 8-week Monitored Period ended December 6, 2024, primarily DIP funding. · since: October 14, 2024 · amount: 5044048 · currency: CAD
- report date17 December 2024
- report noSecond Report