Ontario · Receivership (court-appointed)
Motion Record of the Receiver dated November 18, 2025
Application / notice of application · 18 November 2025
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What we verified from this filing2 verified
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: end: 2025-10-31 · kind: cumulative · label: Accounts · quote: for the period from the commencement of this proceeding and including October 31, 2025 (the ' Accounts ') · approval: state: unstated · averages: rate: 516.29 · quote: The average hourly rates for KSV and Chaitons for the referenced billing periods are $516.29 and $700.81, respectively. · scope: KSV, referenced billing periods; rate: 516.29 · quote: The average hourly rate of the Receiver in respect of the Invoice is $516.29. · scope: the Receiver in respect of the Invoice · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: Lawyers for KSV Restructuring Inc., in its capacity as Court-Appointed Receiver · context quote: in its capacity as Court-Appointed Receiver of the Respondent in this proceeding, and not in its personal capacity, for the period from the commencement of this proceeding and including October 31, 2025 (the 'Accounts') · context unverified: true; form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 700.81 · quote: The average hourly rates for KSV and Chaitons for the referenced billing periods are $516.29 and $700.81, respectively. · scope: Chaitons, referenced billing periods · currency: · invoices: · firm text: Chaitons LLP · firm quote: CHAITONS LLP · context unverified: true
- recovery outcomeentries: basis: estimated · quote: the Applicant is projected to incur a shortfall on its advances to the Company and has consented to the Transaction; · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: the Applicant · creditor name: Stercus Accidit Investment Corp. · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As noted above, SAIC will incur a shortfall and, accordingly, there will be no funds available for distribution to the Second Mortgagees. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: the Second Mortgagees · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As a result of the Transaction, the Second Mortgagees will incur a shortfall on their advances to the Company. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: the Second Mortgagees · interim final: unstated · claims qualifier: unstated · stated on: 2025-11-17 · table missing: