Ontario · CCAA
Third Report of the Monitor
Court officer report · 3 June 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 filing6 verified
- operational summaryThe report addresses contested motions for possession orders: the Applicants seek return of deposits/collateral (about $2.4 million plus an NRV of about $2.58 million) from Armour and GAAC, and return of a trailer from Ace City. The Armour issue is adjourned about six weeks pending additional documentation, and the Monitor supports the Ace City possession order.
- process resultsnote: CRO to solicit offers from at least three prospective purchasers per piece of Equipment; two Listed Real Properties have received offers · solicited: 3
- report date3 June 2025
- report noThird Report of the Monitor
- sale advisorAvison Young (Canada) Inc.
- sale outcometext: Equipment Sale Process for trucks, trailers and other motor vehicles, and listing of real properties, both in progress · scope: liquidation · status: liquidation_in_progress