Ontario · Receivership (court-appointed)
Motion Record Returnable October 29, 2021.pdf
Application / notice of application · 20 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: estimated · quote: any funds that remain in the Receiver's possession immediately prior to the filing of the Receiver's Certificate shall be distributed to Royal Bank of Canada which is expected to suffer a shortfall on its claim; · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Royal Bank of Canada · creditor name: Royal Bank of Canada · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Receiver does not anticipate that there will be sufficient funds available to repay amounts owing to RBC in full therefore there will not be any funds available for distribution to 261 or other creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: 261 or other creditors · interim final: unstated · claims qualifier: unstated · stated on: 2021-10-19 · table missing: