British Columbia · Receivership (court-appointed)
Second Court Report of Receiver
Court officer report · 8 January 2025
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What we verified from this filing8 verified
- cash on handnote: Appendix A shows a slightly different closing balance of $520,481.16 for the same period. · as at: 2024-12-20 · amount: 520602.92 · currency: CAD
- disbursementsnote: Per Final Statement of Receipts and Disbursements for the period August 30, 2023 to December 20, 2024. · since: August 30, 2023 · amount: 750095.06 · currency: CAD
- fee scheduleengagements: form: invoice_listing · rows: Greg Ibbott; Seamus Boyle; Jessi Lally; Elizabeth Chen; Michael Tian; Neil Jayamaha; Julia Noort; Winnie Peng; Aoife Sugrue; fees: 166717.25 · hours: 324.7 · quote: (* Average) | | 324.70 | 513.45 | * 166,717.25 · row kind: subtotal · rate kind: average · name as stated: (* Average) · money: tax: label: GST · quote: 8,173.30 · amount: 8173.3 · fees: quote: PROFESSIONAL FEES | | $ 166,717.25 · amount: 166717.25 · total: quote: TOTAL THIS INVOICE | | $ 171,933.32 · amount: 171933.32 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 7,583.77 · amount: 7583.77 · period: kind: invoice · approval: state: unstated · averages: rate: 513.45 · quote: (* Average) | | 324.70 | 513.45 | * 166,717.25 · currency: · invoices: · firm text: MNP Ltd. · firm quote: MNP Ltd. was appointed as receiver and manager · hours total: quote: 324.70 166,717.25 · value: 324.7 · context quote: MNP Ltd. was appointed as receiver and manager (the ' Receiver ') of all of the assets, undertakings and property (collectively, the ' Assets ') of Con Tech Systems Ltd.
- operational summaryThe Receiver did not operate the Company after its appointment; it completed the sale of the Company's assets via a court-approved auction, pursued outstanding accounts receivable, addressed statutory and secured creditor claims, and is now seeking its discharge as the receivership winds down.
- professional feesnote: Before applicable taxes; net of a courtesy discount of $15,000 from $178,760.02. Separate figures also stated for legal counsel McCarthy Tetrault and Lane Powell PC ($1,648.52 USD / approx. $2,322.23 CDN). · party: Receiver (MNP Ltd.) · amount: 163760.02 · period: November 16, 2023 to December 20, 2024 · currency: CAD
- receipts cumulativenote: Per Final Statement of Receipts and Disbursements for the period August 30, 2023 to December 20, 2024. · since: August 30, 2023 · amount: 1270576.22 · currency: CAD
- report date8 January 2025
- report noSecond and Final Report of Receiver