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CanadaBis - Court Orders
The following Court Orders have been granted in the proceedings:
Approval and Reverse Vesting Order |
August 27, 2026 |
The Approval and Reverse Vesting Order (the "RVO"):
a) approves the subscription agreement among the Applicants and 2208318 Alberta Ltd. dated August 19, 2026 (the "Subscription Agreement") and the transaction contemplated therein (the "Transaction");
b) transfers and vests all of the Applicants' right, title and interest in and to the Excluded Assets, Excluded Contracts, and Excluded Liabilities to and in ResidualCo (as defined); and
c) authorizes and empowers, but does not require, the Monitor to assign ResidualCo into bankruptcy and to act as trustee in bankruptcy.
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Stay Extension and CCAA Termination Order |
August 27, 2026 |
The Stay Extension and CCAA Termination Order provides certain relief that includes, inter alia:
a) extending the Stay Period until and including October 30, 2026;
b) approves the Monitor's Reports;
c) approves the fees of the Monitor and its Counsel;
d) termination of these CCAA proceedings (the "CCAA Termination Time") upon service of an executed certificate substantially in the form attached as Schedule "A" (the "Termination Certificate"); and
e) discharge of the Monitor effective at the CCAA Termination Time.
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SISP Order |
June 10, 2026 |
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The SISP Order approves and authorizes the Sale and Investment Solicitation Process ("SISP").
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Second Amended and Restated Initial Order |
June 10, 2026 |
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The Second Amended and Restated Initial Order ("SARIO") provides certain relief that includes, inter alia, extending the Stay Period until and including September 11, 2026.
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Amended and Restated Initial Order |
April 27, 2026 |
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The Amended and Restated Initial Order ("ARIO") provides certain relief that includes, inter alia, extending the Stay Period until and including June 11, 2026
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Initial Order |
April 17, 2026 |
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Initial Order granting CCAA protection to the Applicants until and including April 27, 2026.
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