Page last updated: August 1, 2024
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 August 28, 2023, the Monitor filed its Third Report (the “Third Report”) with the Court to provide the Court with the information concerning:
On August 25, 2023, the Applicants filed a motion with the Court for an order (the “CCAA Termination Order”) to, among other things:
The motion will be heard on August 30, 2023.
Pursuant to the Approval and Vesting Order, the names of the Companies have been changed as follows:
Old Name: | New Name: |
Gesco Industries Inc. |
Old GI Inc. |
Gesco GP ULC |
0963867 B.C. Unlimited Liability Company |
Tierra Sol Ceramic Tile Ltd. |
Old TSCT Ltd. |
Gesco Holdings ULC |
Old GH ULC |
Gesco Limited Partnership |
Old GLP Limited Partnership |
On June 21, 2023, the Court issued the:
The hearing of the motion for the Approval and Vesting Order and the Assignment Order was rescheduled from Jun 19, 2023 to June 21, 2023.
On June 16, 2023, the Monitor filed its Second Report (the “Second Report”) with the Court to provide the Court with information concerning:
On June 14, 2023, the Applicants filed a motion with the Court for:
The motion will be heard on June 19, 2023.
On May 29, 2023, the Court issued the Amended and Restated Initial Order which, among other things:
On May 25, 2023, the Monitor filed its First Report with the Court (the “First Report”) to provide the Court with:
On May 24, 2023, the Applicants filed a motion for an order (the “Amended and Restated Initial Order” or the “ARIO”) to, among other things:
On May 19, 2023 (the “Filing Date”), Gesco Industries Inc. ("Gesco”), Gesco GP ULC (“Gesco GP”) and Tierra Sol Ceramic Tile Ltd. (“Tierra Sol” and collectively, the “Applicants”) 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 (“CCAA Proceedings”) from the Ontario Superior Court of Justice Commercial List (the “Court”).
The Initial Order, among other things:
In accordance with section 23 (1)(ii)(b) of the CCAA and the Initial Order, a notice was sent to all known creditors of the Companies who are owed $1,000 or more.