December 13, 2019 – By Order of the
Ontario Superior Court of Justice (the “Court”) dated December 13, 2019,
Deloitte Restructuring Inc. (“Deloitte”) was appointed as the receiver (the
“Receiver”) of certain assets and property of the testamentary estate of Naseem
Somani (the “Somani Estate” or the
March 19, 2020 – On March 19, 2020,
the Court issued an Order, among other things, authorizing but not obligating
the Receiver to file an assignment into bankruptcy on behalf of the Somani
May 11, 2020 - On May 11, 2020, the
Receiver assigned the Debtor into bankruptcy and Deloitte was appointed Trustee
of the bankrupt estate of the Debtor.
May 26, 2020 – The First Meeting of Creditors was held on May 26, 2020, and Deloitte was substituted as Trustee of the bankrupt Somani Estate by Harris & Partners Inc., who also acts as bankruptcy trustee of the Executor of the Somani Estate.
May 29, 2020 – On May 11, 2020, the Court issued Orders approving, among other things, the sale certain real property and distributions to the secured lender.
BANKRUPTCY CONTACT INFORMATION
RECEIVERSHIP CONTACT INFORMATION
Jun 1, 2020