Ontario · Receivership (court-appointed)
First Report of the Receiver dated June 10, 2025
Court officer report · 10 June 2025
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What we verified from this filing5 verified
- fee scheduleengagements: form: prose · rows: · money: total: quote: in the amount of $136,188.41 inclusive of disbursements and Harmonized Sales Tax (' HST ') · amount: 136188.41 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2025-04-23 · kind: cumulative · quote: for the period from February 1, 2022 to April 23, 2025 · start: 2022-02-01 · approval: state: unstated · averages: rate: 397.27 · quote: This represents a total of 303.3 hours at an average rate of $397.27 per hour before HST. · scope: before HST · currency: · invoices: · firm text: Spergel · firm quote: Spergel's time dockets pertaining to the Monitor Appointment Order · hours total: quote: This represents a total of 303.3 hours at an average rate of $397.27 per hour before HST. · value: 303.3 · context quote: Affidavit of Mukul Manchanda sworn June 10, 2025, which incorporates by reference a copy of Spergel's time dockets pertaining to the Monitor Appointment Order for the period from February 1, 2022 to April 23, 2025, in the amount of $136,188.41 inclusive of disbursements and Harmonized Sales Tax (' HST ').; form: prose · rows: · money: total: quote: approves the fees and disbursements of TGF as counsel for the Monitor for the period from February 1, 2022 to April 23, 2025, in the total amounts of $120,899.19 · amount: 120899.19 · includes disbursements: true · approximate: false · period: end: 2025-04-23 · kind: cumulative · quote: for the period from February 1, 2022 to April 23, 2025 · start: 2022-02-01 · approval: quote: approves the fees and disbursements of TGF as counsel for the Monitor for the period from February 1, 2022 to April 23, 2025, in the total amounts of $120,899.19 · state: approved · averages: rate: 547.3 · quote: This represents a total of 190.5 hours at an average rate of $547.30 per hour before HST. · scope: before HST · currency: · invoices: · firm text: TGF · firm quote: TGF's time dockets pertaining to the Monitor Order · hours total: quote: This represents a total of 190.5 hours at an average rate of $547.30 per hour before HST. · value: 190.5 · context quote: dix ' I ' is the Affidavit of Leanne Williams sworn June 10, 2025, which incorporates by reference a copy of TGF's time dockets pertaining to the Monitor Order for the period from February 1, 2022 to April 23, 2025, in the amount
- operational summaryThe Debtor continues to operate the duty-free Business in the ordinary course under the Receiver's supervision, as the Receiver has not taken possession or control pending CBSA consent, and is cooperating with the Receiver amid a CBSA licence cancellation notice and a planned landlord-run RFP process to find a new tenant.
- professional feesnote: Fees inclusive of disbursements and HST, 303.3 hours at avg $397.27/hr before HST; TGF as counsel to the Monitor separately billed $120,899.19 for the same period, 190.5 hours at avg $547.30/hr before HST. · party: Spergel Inc. (as Monitor) · amount: 136188.42 · period: February 1, 2022 to April 23, 2025 · currency: CAD
- report date10 June 2025
- report noFirst Report