Ontario · Winding-up (provincial)
Motion Record of Liquidator (returnable October 30, 2017)
Application / notice of application · 18 October 2017
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 filing8 verified
- applicantABBAS MOHAMMAD
- appointeeAlbert Gelman Inc.
- appointee roleLiquidator
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-17-11740-00CL
- statutory basisOntario Business Corporations Act, R.S.O., Chapter B-16
- fee scheduleengagements: form: prose · rows: · money: fees: quote: The Liquidator's total fees are $48,103.50 · amount: 48103.5 · approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 338.52 · quote: its average hourly rate is calculated to be $338.52 · currency: · invoices: · firm text: Albert Gelman Inc. · firm quote: Albert Gelman Inc. was appointed as Liquidator without security, of all of the assets, undertakings and properties of 2497486 Ontario Ltd. · hours total: quote: its total hours spent is 142.1 · value: 142.1 · context quote: Albert Gelman Inc. was appointed as Liquidator without security, of all of the assets, undertakings and properties of 2497486 Ontario Ltd. (the ' Company ')
- recovery outcomeentries: basis: estimated · quote: Based on the Liquidator's review of the Company's financial information, the Liquidator believes that all unsecured creditors (excluding any direct or indirect claims of the shareholders of the Company) will be paid 100% of their claims against the Company from the proceeds of the Transaction. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: equity · stated by: liquidator · class label: unsecured creditors (excluding any direct or indirect claims of the shareholders of the Company) · interim final: unstated · related party: false · claims qualifier: unstated · stated on: 2017-10-18 · table missing: