Nova Scotia · Receivership (court-appointed)
First Report of the Substituted Receiver – Dated October 17, 2012
Court officer report · 17 October 2012
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What we verified from this filing14 verified
- applicantTHE TORONTO DOMINION BANK
- courtSUPREME COURT OF NOVA SCOTIA
- court file noHalifax No 348504
- appointeeGrant Thornton Limited
- appointee roleReceiver
- commencement date14 September 2012
- secured creditorsnote: Original secured lender who applied for receivership; assigned debt and security to NumberCo on Sept 25, 2012 · page: 3 · as of: May 17, 2011 (Receivership Order date) · debtor: Karlsen Shipping Company Limited · creditor: The Toronto-Dominion Bank · currency: CAD · security: Debt and security later assigned to 3264741 Nova Scotia Limited (NumberCo) on September 25, 2012
- secured creditorsnote: Related party purchaser of the Ship via Asset Sale Agreement · page: 9 · as of: September 25, 2012 (assignment date) · debtor: Karlsen Shipping Company Limited · creditor: 3264741 Nova Scotia Limited (NumberCo) · currency: CAD · security: Assignee of TD Bank's debt and security; also holds security on Karlsen's assets previously held by Toronto Dominion Bank and SpareBank
- secured creditorsnote: Security previously held by SpareBank, later held by NumberCo · page: 9 · debtor: Karlsen Shipping Company Limited · creditor: SpareBank · currency: CAD · security: Security on Karlsen's assets, now held by NumberCo
- financial positionnote: Draft internal financial statements for the twelve months ended December 31, 2010 showed a deficit of $1,703,797; no balance sheet totals provided on these pages · page: 17 · as at: 2010-12-31 · basis: draft internal financial statements · scope: Karlsen Shipping Company Limited (entity level) · currency: CAD
- secured creditorsnote: Shipyard owed approximately 1,187,768 EUROS (approx. CDN$1.6 million) as at August 31, 2011; commenced judicial proceedings to enforce lien · page: 20 · as of: August 31, 2011 · debtor: Karlsen Shipping Company Limited · creditor: Astican Shipyard · currency: EUR · security: Possessory lien on the Ship
- purchaser3264741 Nova Scotia Limited; 3244351 Nova Scotia Limited
- sale advisorPS Platou ASA
- sale outcometext: Receiver seeking approval of Asset Sale Agreement for the Polar Star to NumberCo · scope: parcel · status: pending_approval