Page last updated: June 5, 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 June 4, 2024, the Court granted an Order which provided:
A copy of the Order can be found under the “Court Orders” tab above. The Receiver’s Sixth Report to the Court can be found under the "Receiver’s Reports" tab above. The Notice of Application and affidavit of the Receiver's counsel can be found under the "Court Application Materials" tab above.
The Receiver has issued its Sixth Report to the Court dated May 31, 2024 (the “Sixth Report”) which can be found under the "Receiver’s Reports" tab above. The Sixth Report has been issued in support of the June 4, 2024 Court hearing where the Receiver will seek:
The Notice of Application and affidavit of the Receiver's counsel can be found under the "Court Application Materials" tab above.
On April 3, 2024, the Court granted an Order which provided:
A copy of the Order can be found under the “Court Orders” tab above. The Receiver’s Fifth Report to the Court can be found under the "Receiver’s Reports" tab above. The Notice of Application can be found under the "Court Application Materials" tab above.
The Receiver has issued its Fifth Report to the Court dated March 22, 2024 (the “Fifth Report”) which can be found under the "Receiver’s Reports" tab above. The Fifth Report has been issued in support of the April 3, 2024 court hearing where the Receiver will seek:
The Notice of Application and affidavit of the Receiver's counsel can be found under the "Court Application Materials" tab above.
The Receiver has issued the following proposal related to the Mill located south of Port Alice, BC:
The document noted above can be found under the “Request for Proposals” tab above.
The Receiver has issued the following proposal related to the Mill located south of Port Alice, BC:
The document noted above can be found under the “Request for Proposals” tab above.
The Receiver has issued the following proposal related to the Mill located south of Port Alice, BC:
The document noted above can be found under the “Request for Proposals” tab above.
On May 18, 2023, the Court granted an Order which provided:
A copy of the Order can be found under the “Court Orders” tab above. The Receiver’s Fourth Report to the Court can be found under the "Receiver’s Reports" tab above. The Notice of Application and affidavit of the Receiver's counsel can be found under the "Court Application Materials" tab above.
The Receiver has issued its Fourth Report to the Court dated May 5, 2023 (the “Fourth Report”) which can be found under the "Receiver’s Reports" tab above. The Fourth Report has been issued in support of the May 18, 2023 court hearing where the Receiver will seek:
The Notice of Application and affidavit of the Receiver's counsel can be found under the "Court Application Materials" tab above.
On May 19, 2022, the Court granted an Order which provided:
A copy of the Order can be found under the “Court Orders” tab above. The Receiver’s Third Report to the Court can be found under the "Receiver’s Reports" tab above. The Notice of Application and affidavit of the Receiver's counsel can be found under the "Court Application Materials" tab above.
The Court granted an Order on May 21, 2021 approving the increase in the Receiver’s Borrowing Charge from $17 million to $39.743 million, approving the activities of the Receiver from the date of the First Report to May 13th, 2021, approving the accounts of PwC, in its capacity as Court-Appointed Receiver of Neucel Specialty Cellulose Ltd. and the accounts of its legal counsel, Fasken Martineau. In addition, the Court approved the sale of the Misty Manor Condo and a vesting order directing the registrar at the Land Title Office to enter the Purchaser as the owner and to expunge all financial encumbrances from the title.
A copy of the Orders can be found under the “Court Orders” tab above.
The Receiver has issued its Second Report to the Court dated May 13, 2021 (the “Second Report”) which can be found under the "Receiver’s Reports" tab above. The Second Report has been issued in support of the May 21, 2021 court hearing where the Receiver will seek:
The Notice of Application and affidavit of the Receiver's counsel can be found under the "Court Application Materials" tab above.
The Court granted an Order on September 14, 2020 approving the increase in the Receiver’s Borrowing Charge from $8 million to $17 million and approving the activities of the Receiver to the date of the First Report. A copy of the Order can be found in the “Court Orders” tab above.
The Receiver has issued its First Report to Court dated September 21, 2020 (the “First Report”) which can be found under the "Receiver’s Reports" tab above. The First Report has been issued in support of the September 24, 2020 court hearing where the Receiver will seek:
The Notice of Application and Application Record can be found under the "Court Application Materials" tab above.
The Receiver has issued two Invitations for Proposals related to the Mill located south of Port Alice, BC:
The documents noted above can be found under the “Request for Proposals” tab above.
The following notices and documents have been added to the "Bankruptcy Documents" Tab above.
The first meeting of creditors has been set for Thursday, May 21, 2020 at 3:00 PM (Vancouver Time) via conference call. Details can be found in Form 68.
On April 14, 2020, the Supreme Court of British Columbia (the "Court") granted an Order (the “Bankruptcy Order”) adjudging Neucel Specialty Cellulose Ltd. ("Neucel") bankrupt and appointing PricewaterhouseCoopers Inc. ("PwC") as Trustee in Bankruptcy of Neucel. A copy of the Bankruptcy Order can be found under the "Bankruptcy Documents" tab above.
Also on April 14, 2020, the Court granted an Order (the “Receivership Order”) appointing PwC as Receiver of the assets, undertakings and properties of Neucel. A copy of the Receivership Order can be found under the "Court Orders" tab above.
More information will be posted to this website, as soon as it becomes available.