Ontario · Receivership (court-appointed)
Motion Record
Application / notice of application · 28 April 2023
A plain-language read of this filing opens with a subscription.
What we verified from this filing7 verified
- applicantROYAL BANK OF CANADA
- commencement date28 April 2023
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-22-00078960-0000
- provinceONTARIO
- fee scheduleengagements: form: prose · rows: · money: total: quote: for a total of $95,889.66, prior to applicable taxes · amount: 95889.66 · includes tax: false · includes disbursements: true · approximate: false · disbursements: quote: disbursements of $7,210.16 · amount: 7210.16 · period: end: 2023-03-31 · kind: interim · quote: The Receiver's fees for the period from May 3, 2022, to March 31, 2023 · start: 2022-05-03 · approval: state: unstated · averages: rate: 336.67 · quote: an average hourly rate of $336.67 · currency: · invoices: · firm text: BDO Canada Limited · firm quote: Solicitors for the Receiver, BDO Canada Limited · hours total: quote: encompass 263.4 hours · value: 263.4 · context quote: The Receiver's fees for the period from May 3, 2022, to March 31, 2023, encompass 263.4 hours at an average hourly rate of $336.67 and disbursements of $7,210.16, for a total of $95,889.66, prior to applicable taxes.; form: prose · rows: · money: total: quote: $36,590.16 inclusive of HST · amount: 36590.16 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: disbursements of $896.55 · amount: 896.55 · period: end: 2023-04-24 · kind: cumulative · quote: Harrison Pensa LLP fees for the period from May 17, 2022, to April 24, 2023 · start: 2022-05-17 · approval: state: unstated · averages: rate: 369.27 · quote: an average weighted hourly rate of $369.27 · currency: · invoices: · firm text: Harrison Pensa LLP · firm quote: Harrison Pensa LLP fees for the period from May 17, 2022, to April 24, 2023 · hours total: quote: encompass 85.3 hours · value: 85.3 · context quote: Harrison Pensa LLP fees for the period from May 17, 2022, to April 24, 2023, encompass 85.3 hours at an average weighted hourly rate of $369.27 and disbursements of $896.55 for a total of $32,395.05, prior to applicable taxes, or $36,590.16 inclusive of HST.
- recovery outcomeentries: basis: unstated · quote: the priority claim of the City of St. Catharines with respect to property tax arrears in the amount of $100,330.16 plus additional interest and penalties post April 1, 2023; · pct of: unstated · outcome: distribution · class key: preferred · stated by: receiver · amount low: 100330.16 · amount high: 100330.16 · class label: City of St. Catharines (priority claim - property tax arrears) · creditor name: City of St. Catharines · interim final: unstated · conditional on: plus additional interest and penalties post April 1, 2023 · claims qualifier: unstated; basis: unstated · quote: the priority claim of CRA with respect to employee source deductions in the amount of $95,304.08; · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: receiver · amount low: 95304.08 · amount high: 95304.08 · class label: CRA (priority claim - employee source deductions) · creditor name: Canada Revenue Agency · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: the priority claim of CRA with respect to GST/HST in the amount of $140,474.87; · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: receiver · amount low: 140474.87 · amount high: 140474.87 · class label: CRA (priority claim - GST/HST) · creditor name: Canada Revenue Agency · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: the secured claim of RBC in the amount of $777,666.34 plus accrued interest post April 26, 2023; · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 777666.34 · amount high: 777666.34 · class label: RBC (secured claim) · creditor name: RBC · interim final: unstated · conditional on: plus accrued interest post April 26, 2023 · claims qualifier: unstated; basis: unstated · quote: the secured claim of BDC in the amount of $156,656.94 plus accrued interest post April 26, 2023; · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 156656.94 · amount high: 156656.94 · class label: BDC (secured claim) · creditor name: BDC · interim final: unstated · conditional on: plus accrued interest post April 26, 2023 · claims qualifier: unstated; basis: unstated · quote: the secured claim of Venture Niagara in the amount of $182,283.42 plus accrued interest post April 26, 2023; and · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 182283.42 · amount high: 182283.42 · class label: Venture Niagara (secured claim) · creditor name: Venture Niagara · interim final: unstated · conditional on: plus accrued interest post April 26, 2023 · claims qualifier: unstated; basis: unstated · quote: the secured claim of Akzo Nobel Coatings Ltd. in the amount of $151,133.69 plus accrued interest post April 26, 2023. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 151133.69 · amount high: 151133.69 · class label: Akzo Nobel Coatings Ltd. (secured claim) · creditor name: Akzo Nobel Coatings Ltd. · interim final: unstated · conditional on: plus accrued interest post April 26, 2023 · claims qualifier: unstated; basis: unstated · quote: Therefore, the Receiver intends, with the approval of this Court, to conduct a Proposed Interim Distribution (as defined in the First Report), which would see all Priority and Secured Claims paid in full. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Priority and Secured Claims · interim final: unstated · claims qualifier: unstated · stated on: 2023-04-27 · table missing: