This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.
On May 20, 2016, 101133330 Saskatchewan Ltd. and 101149825 Saskatchewan Ltd. (collectively the “Applicants”) filed an application in the Court of Queen’s Bench for Saskatchewan (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.
granting of the Initial Order, various extensions of the Stay Period have been
granted by the Court, with the most recent Stay Period expiring on July 5,
2019.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.
27, 2019, the Court granted an Order approving the termination of the CCAA
proceedings in respect of 101149825 Saskatchewan Ltd., and accordingly
discharged the Monitor. On June 26, 2019, the Court granted an Order
approving the termination of the CCAA proceedings in respect of 101133330
Saskatchewan Ltd., and accordingly discharged the Monitor, subject to the
Monitor’s filing of the Monitor’s Discharge Certificate. The Monitor filed the
Monitor’s Discharge Certificate with the Court on August 9, 2019.
As a result of
the termination of the CCAA proceedings, there is no longer a stay of
proceedings in place as against the Applicants.
CCAA proceedings have come to an end, and the Applicants will not be filing a
plan of arrangement, creditors are not required to file a proof of claim.
If you have any questions regarding this matter, please contact Deloitte Restructuring Inc. at the following address: Deloitte Restructuring Inc. 360 Main Street, Suite 2300Winnipeg, MB R3C 3Z3 Attention: John Fritz Telephone: (204) 942-0051Fax: (204) 947-2689Email: email@example.com If you would like to receive notice of all further proceedings in relation to this matter, please forward a written request to:101133330 Saskatchewan Ltd. and 101149825 Saskatchewan Ltd.C/O McDougall Gauley LLP500-616 Main StreetSaskatoon, SK S7H 0J6 Attention: Craig Frith
Telephone: (306) 665-5432Fax: (306) 664-4431Email: firstname.lastname@example.org
If you fail to forward a written request to the above referenced person indicating that you request further notice of the proceedings you will not receive, nor will you be entitled to receive, any further notice of the proceedings.
Aug 12, 2019