Newfoundland and Labrador · Receivership (court-appointed)
Fifth Report of the Court Appointed Receiver, dated June 20, 2024
Court officer report · 20 June 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
- cash on handnote: Combined estate balance across Kami LP, Kami GP and Alderon. · as at: 2024-05-31 · amount: 523621 · currency: CAD
- disbursementsnote: Combined total disbursements across Kami LP, Kami GP and Alderon per Statement of Receipts and Disbursements. · since: June 17, 2020 (Date of Receivership) · amount: 22563120 · currency: CAD
- operational summaryThe Debtors ceased operating in April 2020; the Receiver's recent activities focused on completing shareholder distributions, resolving a dispute over Related Surface Rights not covered by the original 2020 asset sale, and negotiating a settlement agreement with the Purchaser to sell those rights.
- professional feesnote: Excludes GST; comprises approx. $517,000 in 15 interim invoices plus approx. $7,000 work-in-progress. Legal counsel's cumulative fees separately total approximately $243,000 (excluding GST) to May 31, 2024. · party: Receiver (Deloitte Restructuring Inc.) · amount: 524000 · period: June 17, 2020 to May 31, 2024 · currency: CAD
- receipts cumulativenote: Combined total receipts across Kami LP, Kami GP and Alderon per Statement of Receipts and Disbursements. · since: June 17, 2020 (Date of Receivership) · amount: 23086740 · currency: CAD
- report date20 June 2024
- report noFifth Report