Ontario · NOI
First Report of the Proposal Trustee
Court officer report · 7 July 2025
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 filing8 verified
- report date7 July 2025
- report noFirst Report
- operational summarySince the NOI filing, the Company has continued its business operations in the ordinary course, focusing on stabilizing operations, securing supply of goods and services, maintaining customer engagement, and processing payments for post-NOI goods and services.
- professional fees150000.00
- receipts cumulative1310000.00
- cash on hand639.00
- sale advisorErnst & Young Orenda Corporate Finance Inc.; Ernst & Young Corporate Finance (Canada) Inc.; Bright Mega Capital Corporation
- sale outcometext: Company seeking court approval of a SISP to solicit interest in acquisition, refinancing, or sale of assets/business · scope: whole_business · status: process_approved