Ontario · Receivership (court-appointed)
First Report of the Receiver dated January 18, 2024.pdf
Court officer report · 18 January 2024
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
- secured creditorsnote: Claims to be a secured creditor per Receiver's report; basis of security not described · page: 11 · debtor: Genetic Properties Inc. · creditor: KI Equity Corp. (through Andrew Curnew) · currency: CAD
- secured creditorsnote: Referred to as second mortgagee claiming to be a secured creditor; amount not stated · page: 11 · debtor: Genetic Properties Inc. · creditor: Waltmar Capital Inc. (Second Mortgagee) · currency: CAD · security: Second mortgage
- secured creditorsnote: Approximate indebtedness as at June 19, 2023, per endorsement of Justice Steele; also referenced by Justice Cavanagh's endorsement as owing approximately $4.6 million · page: 29 · as of: 2023-06-19 · amount: 4600000 · debtor: Genetic Properties Inc. · creditor: The Bank of Nova Scotia · currency: CAD · security: General security agreement
- secured creditorsnote: BNS provided a payout statement (Appendix A to letter dated November 6, 2023) setting out the exact amount required to discharge the loan as at November 9, 2023 closing date; exact figure not stated on these pages · page: 34 · as of: 2023-11-09 · debtor: Genetic Properties Inc. · creditor: The Bank of Nova Scotia · currency: CAD · security: General security agreement
- fee scheduleengagements: form: time_summary · rows: · money: · period: end: 2023-12-31 · kind: invoice · quote: For the period from November 15, 2023 to December 31, 2023 · start: 2023-11-15 · approval: state: unstated · averages: rate: 378.08 · quote: The average hourly rate is $378.08. · currency: · invoices: · firm text: Grant Thornton Limited · firm quote: FIRST REPORT TO THE COURT OF GRANT THORNTON LIMITED IN ITS CAPACITY AS RECEIVER OF GENETIC PROPERTIES INC. · context quote: IN ITS CAPACITY AS RECEIVER OF GENETIC PROPERTIES INC.; form: time_summary · rows: · money: · period: end: 2024-01-16 · kind: invoice · quote: (From November 14, 2023 to January 16, 2024) · start: 2023-11-14 · approval: state: unstated · averages: rate: 433.06 · quote: The weighted average hourly rate charged by professionals at Harrison Pensa LLP is $433.06. · currency: · invoices: · firm text: Harrison Pensa LLP · firm quote: The weighted average hourly rate charged by professionals at Harrison Pensa LLP is $433.06. · context quote: for the period of November 14, 2023 to January 16, 2024.