Quebec · CCAA
Second Report (amended) of the Receiver on the Business and Financial Affairs of the debtor (in French only)
Court officer report · 20 October 2022
What we verified from this filing8 verified · 2 withheld
- cash on handnote: Listed as 'Cash on hand (beginning)' in the Summary of Receipts and Disbursements as at June 30, 2022. · as at: 2022-06-30 · amount: 184541 · currency: CAD · qualifier: beginning cash balance
- disbursementsnote: Total disbursements as at June 30, 2022, including statutory/administrative costs, conservatory measures, professional fees and taxes. · amount: 1775518.68 · currency: CAD
- operational summaryThe Receiver completed the en bloc sale of Kanwal's operating assets to Ekip Innovations Inc. on October 1, 2021, and has since wound down remaining administrative matters; the only assets left to realize are outstanding SR&ED tax credits, pending cooperation from Paul Kanwal, after which the Receiver intends to seek its discharge.
- professional feesnote: Also lists Receiver's counsel (Stikeman Elliott) fees of $277,095.33 and Trustee's fees (NOI) of $24,457.76 within total disbursements of $1,775,518.68. · party: Receiver (PwC) · amount: 896360.7 · period: As at June 30, 2022 · currency: CAD
- purchaserEkip Innovations Inc.
- receipts cumulativenote: Total receipts as at June 30, 2022, per the Summary of Receipts and Disbursements table. · amount: 4875125.17 · currency: CAD
- report date20 October 2022
- report noDeuxième rapport amendé du Séquestre
2 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.