Ontario · CCAA
Monitor’s Fourth Report
Court officer report · 14 February 2017
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 filing4 verified
- financial positionnote: Initial Distribution Reserve account: Nil; Withholding Tax Reserve account: Nil; Cost Reserve account: Nil; Indemnity Reserve account: $1,005,332; Tax Reserve account: $67,466,866. Monitor states 'No cash or investments are held outside of the reserve accounts.' · as at: 2017-01-31 · basis: Monitor's monthly notice of Plan Reserve account balances (unaudited) · scope: Plan Reserve Accounts held in trust by the Monitor for the Conduit (Devonshire Trust) estate · currency: CAD
- operational summaryThe Conduit has no ongoing business operations; it is being wound down under the CCAA Plan, with the Monitor administering Plan Reserve accounts and awaiting resolution of a CRA tax dispute before making a final Interest Distribution and terminating the Conduit.
- report date14 February 2017
- report noFourth Report