Quebec · CCAA
Thirty-Ninth Report of the Monitor – dated December 6, 2023
Court officer report · 6 December 2023
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 filing5 verified
- cash on handnote: Described as the balance of funds not yet distributed (Undistributed Funds), comprised primarily of interest earned on the funds for distribution, various reserves and the Administration Charge of the Canadian Professionals. Stated as currently held by the Monitor; no specific as-at date given. · amount: 15700000 · currency: CAD · qualifier: approximately
- operational summaryMMAC is not operating; the CCAA proceeding is in its final phase, holding undistributed funds pending completion of the US-based Carmack Litigation against CP and related appeals, with a stay extension to December 17, 2024 sought.
- receipts cumulativenote: Stated as approximately $10.2 million of interest earned on the Funds for Distribution since the Amended Plan's effective date; this is interest income only, not total estate receipts. · since: the effective date of the Amended Plan · amount: 10200000 · currency: CAD
- report date6 December 2023
- report noThirty-Ninth Report of the Monitor