Ontario · Receivership (court-appointed)
Motion Record of the Receiver returnable June 7, 2021
Application / notice of application · 31 May 2021
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 filing1 verified
- recovery outcomeentries: basis: estimated · quote: The first secured lender, KW Capital Partners Limited (' KW '), will suffer a material shortfall in recovering the amount of its secured debt; · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: first secured lender, KW Capital Partners Limited · creditor name: KW Capital Partners Limited · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Receiver is of the view that the Secured Lenders will suffer a material shortfall on their advances to the Company. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: the Secured Lenders · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: While recoveries are expected, the Secured Lenders will incur a shortfall on their advances to the Company. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: the Secured Lenders · claims amount: 5200000 · interim final: unstated · claims qualifier: unstated · table missing: