CCAA
Take notice that on February 23, 2022, Trinity Ravine Community Inc. (the "Applicant") sought and obtained protection pursuant to the Companies' Creditors Arrangement Act (the "CCAA") before the Ontario Superior Court of Justice (Commercial List) (the "Court").
Deloitte Restructuring Inc. has been appointed as monitor in the Applicant's CCAA proceeding (the "Monitor") pursuant to the Initial Order of the Court dated February 23, 2022 (the "Initial Order").
On September 15, 2022, the Court issued an Approval and Vesting Order, which among other things, approved a sale transaction for Trinity's primary asset - the development lands located at 1256 Markham Rd to 1256 Markham Road Limited Partnership (by its general partner 1000307599 Ontario Incorporated). The sale transaction closed effective September 26, 2022.
Also on October 12, 2022 the Monitor filed a Discharge Certificate with respect to the CCAA proceedings.
Bankruptcy
Please be advised that on October 12, 2022 Trinity Ravine Community Inc. (the “Company") made an assignment in bankruptcy. Deloitte Restructuring Inc. has been appointed as trustee in bankruptcy (the “Trustee") of the Company's estate. A claims package will be sent separately by the Trustee with specific details on this process and what is required from the creditors.
The Second Meeting of Creditors will be held virtually on April 28, 2023 at 10:00am via Zoom.
The login details are:
If you have any questions regarding this matter, please contact Deloitte Restructuring Inc. at the following address:
Deloitte Restructuring Inc. Attention: In its capacity as Bankruptcy Trustee of Trinity Ravine Community Inc. Bay Adelaide East 8 Adelaide Street West, Suite 200 Toronto, ON M5H 0A9
Persons requiring further information not available on the Website should email Deloitte at trinityravine@deloitte.ca or call 416-202-2800.
Last updated Nov 14, 2023
