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
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 filing10 verified
- 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
- closing confirmedscope: les actifs · outcome: completed · effective: 2021-10-01 · purchaser: Ekip Innovations Inc. · date basis: stated · approval order date: 2021-08-23
- 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
- sale outcometext: La Transaction avec Ekip Innovations Inc. a clôturé le 1er octobre 2021 · scope: whole_business · status: closed