British Columbia · CCAA
The purpose of this ninth report (the “Ninth Report”) is to provide this Honourable Court with information with respect to the following: a) an update on the Environmental Assessment (“EA”) process; b) an update on settlement discussions and litigation with the Province; c) the Mediation Application; d) the Petitioners’ cash flow as at the date of this Ninth Report and mediation funding; e) the sale of the Auction Equipment and the Auction Distribution Application; and f) the Monitor’s recommendations and conclusions
Court officer report · 29 March 2022
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What we verified from this filing5 verified
- closing confirmedscope: the Auction Equipment · outcome: completed · effective: 2022-03-22 · date basis: stated · approval order date: 2021-12-10
- purchaserprice: note: Net Sale Proceeds of the Auction, less a wire transfer fee of $14.95 · basis: cash · amount: 875859.31 · sealed: false · currency: CAD · scope: the Auction Equipment · status: closed · name note: end purchasers at Ritchie Bros. auction, unnamed · structure: auction · name source: recital · relationship: unstated · agreement date: 2021-11-23
- recovery outcomeentries: basis: actual · quote: The amount due to Komatsu on four (4) of the five (5) pieces of the Serial Number Equipment will be paid in full as proceeds exceeded the contract balance due. · pct of: unstated · outcome: paid_in_full · class key: pmsi_lessor · stated by: monitor · class label: Komatsu (PMSI on Serial Number Equipment - four of five pieces) · creditor name: Komatsu · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: One (1) piece of equipment realised net proceeds $20,548 less than the amount due to Komatsu and therefore, Komatsu will not be able to recover the full amount of its claim on that piece of Serial Number Equipment from the Net Sale Proceeds. · pct of: unstated · outcome: shortfall · class key: pmsi_lessor · stated by: monitor · class label: Komatsu (PMSI on Serial Number Equipment - one piece with shortfall) · creditor name: Komatsu · interim final: unstated · claims qualifier: unstated · shortfall amount: 20548 · stated on: 2022-03-29 · table missing:
- sale advisorRitchie Bros. Auctioneer (Canada) Ltd.
- sale outcometext: sale of the Auction Equipment completed and Net Sale Proceeds realized · scope: ancillary · status: closed