Page last updated: December 1, 2022
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 28, 2020, pursuant to an order (the “Receivership Order”) of the Queen’s Bench, Winnipeg Centre (the “Court”), PricewaterhouseCoopers Inc., LIT (“PwC”) was appointed as receiver (the “Receiver”), without security, of all of the assets, undertakings and properties (the “Property”) of Prendiville Industries Ltd. (“PIL” or the “Company”), acquired for, or used in relation to a business carried on by PIL, pursuant to section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the “BIA”). The Receivership Order was granted pursuant to an application made by Canadian Imperial Bank of Commerce (“CIBC” or the “Applicant”).
In accordance with the provisions of the BIA, a Notice and Statement of the Receiver (the “Notice”) will be sent to all known creditors of the Company. A copy of the Notice will be posted on the “Notices” page of this website.
This Web site will be updated as information becomes available.
For more information, please contact: Corporate Advisory & Restructuring / Case Management Team, Telephone: +1 416-687-8640.
On January 21, 2021, the Court issued an order (the “Net Proceeds Allocation and Second Distribution Order”) which, among other things,
All capitalized terms have the meaning given to them in the Third Report the Erratum to the Third Report of the Receiver.
On December 17, 2020, the Court issued an order (the “Distribution Order”) which among other things,
On September 9, 2020, the Court issued the Sale Approval and Vesting Order which, among other things:
On September 8, 2020, the Receiver filed its motion for an order (the “Sale Approval and Vesting Order”) to, among other things:
On the same date, the Receiver filed its First Report (the “First Report”) with the Court to update the Court with the information with respect to:
The motion will be heard on September 9, 2020.