Ontario · CCAA
This Thirty-Sixth Report reports to this Court on the following matters: (a) background and summary of the CCAA proceedings; (b) the status of post-closing matters in respect of the Roads Transaction and the Rokstad Transaction; (c) the status of the Claims Process; (d) the status of the interim distribution; (e) the status of the ongoing litigation and commercial claims related to the Construction Business; (f) a summary of funds advanced in accordance with the Project Charges Order in respect of certain construction projects of Carillion Canada, Carillion Construction and Carillion Pacific; (g) an overview of the remaining real property assets of the Applicants; (h) the status of the Monitor’s activities in respect of the funds of Carillion Canada held by HSBC UK; (i) the status of the funds withdrawn by HSBC Bank Canada; (j) the actual receipts and disbursements of the Applicants from March 28, 2021 to October 16, 2021, and the cash flow forecast of the Applicants for the period from October 17, 2021 to April 30, 2022; and (k) the Monitor’s motion for an Order (the “Stay Extension Order”) extending the Stay Period up to and including April 29, 2022
Court officer report · 22 October 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 filing1 verified
- recovery outcomeentries: basis: unstated · quote: Accordingly, the Claimants of Carillion Holdings and Carillion Finance will not receive any distribution; · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Claimants of Carillion Holdings and Carillion Finance · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Due to the uncertainty of the timing and amounts of the potential recovery to the Rokstad Applicants in respect of these Rokstad Remaining Items, the Monitor is of the view that it is not appropriate for an interim distribution to be made by the Rokstad Applicants at this time. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: monitor · class label: creditors of the Rokstad Applicants · interim final: interim · conditional on: resolution of the Rokstad Remaining Items · claims qualifier: unstated · stated on: 2021-10-22 · table missing: The following table presents a summary of the Estimated Distribution Pool by Applicant and Debtor, which is calculated based on the unrestricted cash balance as of June 25, 2021, net of Reserves (defined below):; The table below is a summary of the Estimated Claims Pool for the Interim Distribution.; The following table summarizes the Estimated Distribution Pool, the Estimated Claims Pool and the Estimated Interim Distribution for each of the Distributing Applicants and Debtors.