Ontario · Receivership (court-appointed)
Motion Record of the Proposed Receiver (returnable August 11, 2016) (Re. Appointing Receiver and Related Relief) – dated August 8, 2016
Application / notice of application · 8 August 2016
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 filing9 verified
- applicantSALUS CAPITAL PARTNERS, LLC
- appointeeRichter Advisory Group Inc.
- appointee roleProposed Receiver
- commencement date8 August 2016
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-16-011478-OOCL
- provinceONTARIO
- statutory basissubsection 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended
- recovery outcomeentries: basis: liquidation_alternative · quote: Salus is expected to experience a significant shortfall on its security in a liquidation scenario. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Salus · creditor name: Salus Capital Partners, LLC · interim final: unstated · claims qualifier: unstated · stated on: 2016-08-08 · table missing: