Ontario · Receivership (court-appointed)

Book of Authorities of the Receiver dated May 26, 2020

Application / notice of application · 26 May 2020

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What we verified from this filing1 verified

recovery outcomeentries: basis: estimated · quote: The evidence of the second mortgagees is that the Purchaser's offer, if accepted, would result in a shortfall in the amount owing to the second mortgagees irrespective of the outcome of the litigation between the Debtor and the second mortgagees. · pct of: unstated · outcome: shortfall · class key: secured · stated by: court · class label: second mortgagees · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The two secured creditors will suffer a shortfall of approximately $50 million. · pct of: unstated · outcome: shortfall · class key: secured · stated by: court · class label: the two secured creditors (CCFL and the Royal Bank of Canada) · interim final: unstated · claims qualifier: unstated · shortfall amount: 50000000 · table missing: