Bankruptcy
On August 30, 2023, the Court issued the CCAA Super Monitor and Termination Order which, among other things, authorised the Monitor (i) to assign Old GI Inc., Old TSCT Ltd., Old GLP Limited Partnership and 0963867 B.C. Unlimited Liability Company (the “Companies”) into bankruptcy, and (ii) to send a single combined Notice of Bankruptcy and the First Meeting of Creditors (the “Bankruptcy Notice”) to all known creditors of the Companies.
On July 31, 2024, pursuant to the provisions of the Bankruptcy and Insolvency Act (Canada) (“BIA”) and the CCAA Super Monitor and Termination Order, the Companies were assigned into bankruptcy and PricewaterhouseCoopers Inc., LIT was appointed as licensed insolvency trustee (the “Trustee”) of the bankrupt estates of the Companies by the official receiver, subject to affirmation by the creditors of the Trustee's appointment or substitution of another trustee by the creditors.
The First Meeting of Creditors will be held virtually at the following date and times:
| Date: | August 15, 2024 |
| Time: | |
| Old GI Inc. | 12:30pm (Toronto time) |
| Old TSCT Ltd. | 1:00pm (Toronto time) |
| Old GLP Limited Partnership | 1:30pm (Toronto time) |
| 0963867 B.C. Unlimited Liability Company | 2:00pm (Toronto time) |
Link: https://event.webcasts.com/starthere.jsp?ei=1682968&tp_key=4b5ecefdea
In accordance with the BIA, on August 1, 2024, the Bankruptcy Notice was sent to all known creditors of the Companies.
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