Ontario · NOI
Motion Record (returnable September 27) dated September 17, 2024
Application / notice of application · 17 September 2024
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What we verified from this filing3 verified
- counselHarrison Pensa LLP
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 645.81 · quote: The average hourly rate of Aird & Berlis LLP is $645.81. · currency: · invoices: · firm text: Aird & Berlis LLP · firm quote: AIRD & BERLIS LLP · context quote: Counsel for BDO Canada Limited, in its capacity as Receiver of Mechtron Innovations Inc.
- recovery outcomeentries: basis: estimated · quote: Given TD Bank will incur a significant shortfall on its indebtedness, and the balance of the secured creditors will receive no distribution, there will be no amounts available for unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: Unsecured Creditors · claims amount: 2926000 · interim final: unstated · claims qualifier: estimated; basis: estimated · quote: Given TD Bank will incur a significant shortfall on its indebtedness, and the balance of the secured creditors will receive no distribution, there will be no amounts available for unsecured creditors. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: the balance of the secured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Given TD Bank will incur a significant shortfall on its indebtedness, and the balance of the secured creditors will receive no distribution, there will be no amounts available for unsecured creditors. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: TD Bank · creditor name: The Toronto-Dominion Bank · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Subject to this Court's approval, the Receiver recommends that it make a distribution to TD in the sum of $464,347.03 (the ' TD Interim Distribution ') as outlined in the previous chart. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 464347.03 · cumulative: false · amount high: 464347.03 · class label: TD · creditor name: The Toronto-Dominion Bank · interim final: interim · conditional on: Subject to this Court's approval · claims qualifier: unstated · stated on: 2024-09-17 · table missing: