Pursuant to an Order made by
the Ontario Superior Court of Justice (the “Court”) on May 26, 2010, Deloitte
Restructuring Inc. (formerly, Deloitte & Touche Inc.) was appointed as
receiver and manager (the “Receiver”) of certain assets, properties and
undertakings of Tuesday Equities Ltd. and Prince Royal Limited Partnership (the
"Debtors"), which assets include Hidden Valley Resort, The Benmiller
Inn & Spa and The Elora Mill Inn & Spa (the “Hotels”).
By an Order dated June 17,
2010, the Court approved the Receiver’s marketing plan for the sale of the
Hotels. The Receiver has since sold substantially all of the Debtors’
assets which are subject to its administration, including the Hotels.
There will be a significant shortfall to the primary secured lender on its
advances to the Debtors, and accordingly, the Receiver is of the view that
there will be no funds available for distribution to the other secured and
unsecured creditors of the Debtors.
By Order dated January 11,
2018, the Court approved the discharge of Deloitte Restructuring Inc. as
Receiver of the Debtors.
If you require further information, please contact Deloitte at 416-601-6150.
Order - May 26, 2010Notice to CreditorsMotion Record - June 11, 2010 - Receiver's First Report to CourtOrder dated June 17, 2010EndorsementMotion Record - August 19, 2010 - Receiver's Second Report to CourtApproval and Vesting OrderOrder (Revised Marketing Process)Endorsement of Justice NewbouldMotion Record – December 17, 2010 - Receiver's Third Report to CourtApproval and Vesting Order - December 30, 2010Order - December 30, 2010
Endorsement of Justice Wilton-Siegel dated December 30, 2010Motion Record - February 23, 2011 - Receiver's Fourth Report to CourtOrder dated March 4, 2011Endorsement of Madam Justice Mesbur dated March 4, 2011 Approval and Vesting Order - Dated March 4, 2011Motion Record (Part 1 of 3) Returnable May 31, 2011 Motion Record (Part 2 of 3) Returnable May 31, 2011 Motion Record (Part 3 of 3) Returnable May 31, 2011 Order dated May 31, 2011Motion Record Returnable October 7, 2011 Order dated October 7, 2011Endorsement of Justice Campbell dated October 7, 2011
Motion Record Returnable January 11, 2018
Final Distribution & Discharge Order of Justice Hainey Jan 11, 2018
Endorsement of Justice Hainey dated Jan. 11, 2018
Sep 25, 2018