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 “Debtor”).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 Estate.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.
November 29, 2022 – On November 29, 2022, the Court issued orders approving, among other things, final distributions and the discharge of the Receiver.
If you have any questions regarding the Bankruptcy of the Somani Estate, please contact the Trustee at the following address:Harris & Partners Inc.8920 Woodbine Ave., Suite 300Markham, Ontario, L3R 9W9Attention: Adam Fisher D: (416) 479-0783P: (905) 479-5712F: (905) 479-2346
If you have any questions regarding the Receivership of the Somani Estate, please contact the Receiver at the following address:Deloitte Restructuring Inc.8 Adelaide Street West, Suite 200Toronto, ON M5J 0A9CanadaJorden SleethTelephone: (416) 775-8858Email: jsleeth@deloitte.ca Fax: (416) 601-6690
Last updated Sep 11, 2023