British Columbia · CCAA
Second Supplement to the 19th Report of the Monitor dated December 14, 2021
Court officer report · 14 December 2021
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
- cash on handnote: Figure appears in an estimated revised distribution scheme contingent on Court approval of the Settlement and Release Agreement, not a standalone cash position statement. · amount: 820704 · currency: CAD · qualifier: estimated, part of proposed revised distribution scheme
- professional feesnote: Lunny Atmore's original invoiced accounts totalled $106,237 (dating from March/April 2017); settled for $70,000, which the Monitor considers fair and reasonable. Separately, legal counsel for Bell Canada is to receive $25,000 for negotiating discharge of the Network Providers' Charge. · party: Lunny Atmore LLP · amount: 70000 · currency: CAD
- recovery outcomeentries: basis: estimated · quote: Telus and Bell have agreed to support a distribution of the $325,000 on account of the Network Providers' Charge which represents a 37% recovery on the amount to which they otherwise would be entitled to. · pct of: unstated · outcome: distribution · pct low: 37 · pct high: 37 · class key: court_charges · stated by: monitor · amount low: 325000 · amount high: 325000 · class label: Network Providers' Charge · interim final: unstated · claims qualifier: unstated · stated on: 2021-12-14 · table missing:
- report date14 December 2021
- report noSecond Supplement to the Nineteenth Report