Newfoundland and Labrador · Receivership (court-appointed)
Interlocutory Application - filed March 3, 2023
Application / notice of application · 3 March 2023
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What we verified from this filing7 verified
- applicantSPROTT PRIVATE RESOURCE LENDING (COLLECTOR), LP
- appointeeDeloitte Restructuring Inc.
- appointee rolereceiver
- commencement date3 March 2023
- courtIN THE SUPREME COURT OF NEWFOUNDLAND AND LABRADOR
- court file no2020 01G 2883
- recovery outcomeentries: basis: actual · quote: Issued the first and final distribution to all proven creditors pursuant to the Distribution Order; · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: receiver · class label: all proven creditors · interim final: final · claims qualifier: unstated; basis: actual · quote: Pursuant to the Settlement Agreement, Metso's debt is extinguished in whole and Metso no longer has a claim against the Kami Group of Companies. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: Metso secured claim · creditor name: Metso Outotec Canada Inc. · interim final: unstated · conditional on: Settlement Agreement extinguishing Metso's debt · claims qualifier: unstated; basis: actual · quote: The Receiver issued Notices of Disallowance with respect to CRA's claims on the basis that, as a result of all creditors now being paid in full, all ITCs previously claimed by Kami LP and Alderon are valid and CRA therefore no longer has a claim against Kami LP and Alderon. · pct of: unstated · outcome: nil · class key: deemed_trust · stated by: receiver · class label: CRA claims · creditor name: Canada Revenue Agency · interim final: unstated · claims qualifier: unstated; basis: actual · quote: The Receiver proposed in its Second Report to adopt the materiality guideline set out in Directive 18 of the BIA with respect to those 136 shareholders and not make any distribution of less than $10. · pct of: unstated · outcome: nil · class key: equity · stated by: receiver · class label: shareholders holding less than 50 shares (below $10 threshold) · interim final: unstated · conditional on: will not receive a distribution equal to or greater than $10 until the third and final distribution · claims qualifier: unstated · stated on: 2023-03-03 · table missing: