Page last updated: November 28, 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 November 24, 2022, the Monitor filed its Second Report (the “Second Report”) with the Court to provide the Court with information concerning:
On November 23, 2022, the Superette Group filed a motion with the Court for an order (the “Stay Extension and DIP Amendment Order”) to, among other things:
The motion will be heard on November 29, 2022.
On September 9, 2022, the Court issued the SISP Approval Order which, among other things:
On the same date, the Court issued the Amended and Restated Initial Order which, among other things:
On September 6, 2022, the Monitor filed its First Report (the “First Report”) with the Court, to provide the Court with information concerning:
The motion for the Amended and Restated Initial Order and the SISP Order will be heard on September 9, 2022.
On August 30, 2022 (the “Filing Date”), Superette Inc., Superette Ontario Inc., 2659198 Ontario Inc., 2662133 Ontario Inc., 2662134 Ontario Inc. and 2662135 Ontario Inc. (collectively, the “Applicants” or the “Superette Group”) applied for and received an order (the “Initial Order”) for protection pursuant to the Companies’ Creditors Arrangement Act R.S.C.1985, c.C-36, as amended (the “CCAA Proceedings”) from the Ontario Superior Court of Justice Commercial List (the “Court”).
The Initial Order, among other things:
The Applicants intend to return to the Court prior to the expiry of the Initial Stay Period to seek:
In accordance with section 23 (1)(ii)(b) of the CCAA and the Initial Order, on September 1, 2022 a notice was sent to all of the Applicants’ known creditors who are owed $1,000 or more.