On February 10, 2023, Polar Window of Canada Ltd., Accurate Dorwin (2020) Inc., Glass 8 Inc., National Interiors (2021) Inc., 12986647 Canada Ltd. (O/A Allsco Windows & Doors), 12986591 Canada Ltd. (O/A Alweather Windows & Doors), Polar Holding Ltd., 10064720 Manitoba Ltd., and 12986914 Canada Ltd. (collectively the “Applicants") filed an application in the Court of King's Bench in Manitoba (the “Court") and commenced Court supervised restructuring proceedings under the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA").
On the same day, the Court granted an order (the “Initial Order"), which, among other things, provided for a stay of proceedings (the “Stay Period") which prohibited all parties from commencing or continuing any legal action against the Applicants, and all rights and remedies of any party against or in respect of the Applicants or their assets were stayed and suspended except with the written consent of the Applicants and the Monitor, or leave of the Court.
As a term of the Initial Order, Deloitte Restructuring Inc. was appointed as Monitor (the “Monitor") in the CCAA proceedings to oversee the operations of the Applicants during the restructuring.
On April 5, 2023, the Court extended the Stay Period to July 28, 2023.
At this time, there is no formal process in place for creditors to submit a proof of claim. Further information will be posted if, and when, such a claims process is determined to be necessary.
If you have any questions regarding this matter and/or would like further
information regarding the Applicants' sale and investment solicitation process
(the "SISP"), please contact Deloitte Restructuring Inc. at the following address:
PLEASE NOTE: IT IS NOT NECESSARY TO COMPLETE A
DEMAND FOR NOTICE FORM IN ORDER TO BE ELIGIBLE FOR ANY FUTURE CLAIMS PROCESS IN
THE CCAA PROCEEDINGS. THE DEMAND FOR NOTICE FORM IS ONLY NECESSARY TO
COMPLETE TO RECEIVE COPIES OF DOCUMENTS FILED IN THE COURT PROCEEDINGS VIA
EMAIL OR FACSIMILE. SUCH DOCUMENTS WILL ALSO BE POSTED TO THIS WEBSITE AS
WILL ALL FUTURE COMMUNICATIONS TO THE CREDITORS.
May 2, 2023