Alberta · Receivership (court-appointed)
Originating Application
Application / notice of application · 10 January 2024
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 filing7 verified
- applicantCatalX CTS Ltd. and Hyuk Jae Park
- courtCOURT OF KING'S BENCH OF ALBERTA
- court file no2401-
- appointeeDeloitte Restructuring Inc.
- appointee rolereceiver-manager
- statutory basissection 13(2) of the Judicature Act, RSA 2000, c. J-2, and section 99(a) of the Business Corporations Act, RSA 2000, c. B-9, and section 39 of the Law and Equity Act, RSBC 1996, c. 253
- secured creditorsnote: Described as 'the only secured creditor of CatalX'; related party (CEO/sole director) who loaned CatalX $800,000 in cash to fund professional fees; amount reflects the loan advanced, not a confirmed secured balance as of a stated date. · page: 6 · amount: 800000 · debtor: CatalX CTS Ltd. · creditor: Hyuk Jae Park · currency: CAD