Ontario · Receivership (court-appointed)
AUDI - First Report to Court dated March 13 2025
Court officer report · 13 March 2025
Also filed as: AUDI - First Report to Court dated March 13 2025
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 filing19 verified
- report date13 March 2025
- report noFirst Report
- operational summarySince its appointment, the Receiver's activities include corresponding with employees, CMLS and legal counsel, communicating with stakeholders, preparing cash flow projections and budget-to-actual variance analyses, overseeing AUDI's business including controlling receipts and disbursements, considering offers for condominium units, updating condominium disclosure documents, meeting with HCRA regarding license renewal, corresponding regarding RFP and refinancing efforts, responding to stakeholder inquiries, maintaining the Case Website, and drafting this First Report.
- lawyerCalvin Horsten
- lawyerSanjeev P.R. Mitra
- lawyerCalvin Horsten
- lawyerAlan B. Merskey
- lawyerJeremy D. Bornstein
- lawyerI. Jamie Arabi
- lawyerStephanie S. Fernandes
- lawyerD. Robb English
- lawyerSanjeev P.R. Mitra
- lawyerAlan B. Merskey
- lawyerJeremy D. Bornstein
- lawyerI. Jamie Arabi
- lawyerStephanie S. Fernandes
- lawyerD. Robb English
- sale advisorTD Cornerstone Commercial Realty Inc.; Cushman & Wakefield Ottawa
- sale outcometext: Sale Process for the Property developed with brokers, subject to Court approval, not yet commenced · scope: parcel · status: process_approved