Ontario · CCAA
The purpose of this Forty-Ninth Report of the Monitor (the “ Forty-Ninth Report ”) is to provide information to the Court on the following: (a) an update on the activities of the Monitor, including in respect of its role as court-appointed Interim Land Restructuring Officer of the Land Vehicle (as defined herein) (the “ LRO ”); (b) an update on the on the status of the Remaining Property (as defined herein); and (c) a motion brought by 2189345 Ontario Inc. o/a LJL Industrial Services (“ LJL Industrial ”) seeking an Order in this proceeding (the “ CCAA Proceeding ”) that LJL Industrial’s late-filed Proof of Claim, dated September 12, 2019, be accepted and deemed to have been filed by the Claims Bar Date (as defined in the Order dated November 13, 2014 (the “ Claims Process Order ”)
Court officer report · 20 November 2019
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 filing3 verified
- operational summaryUSSC (now Stelco Inc.) implemented its CCAA plan in 2017; the Monitor, as Land Restructuring Officer, continues administering the Land Vehicle and marketing its remaining properties (242 Queen Street and the Haldimand Lands). The report also addresses a late proof of claim motion by LJL Industrial, which the Monitor does not oppose because the unsecured claims pool has sufficient funds.
- report date20 November 2019
- report noForty-Ninth Report