On February 24, 2022, by Order (the “Appointment Order”) of the Ontario Superior Court of Justice (Commercial List) (the “Court“) pursuant to section 243(1) of the Bankruptcy and Insolvency Act (“BIA“), GlassRatner Inc. (“B. Riley Farber“) was appointed as Receiver (in such capacities, the “Receiver“), without security, of all of the assets, undertakings and properties of Net Zero Renewable Energy Inc. (“Net Zero” or the “Debtor“) acquired for, or used in relation to a business carried on by the Debtor, including all proceeds thereof (the “Property“).
The Appointment Order filed in relation to this matter is available below.
Status Updates
On February 24, 2022, the Court issued an Order (the “Debenture Order“) declaring:
- that Horizon RE Limited (the “Applicant“) together with Wilmot Matthews, Donald K. Johnson, Cumberland Private Wealth Management Inc. and Connor Corp. (collectively, the “Remaining Holders“) collectively hold 100% of the outstanding Series 1 Debentures and Series 2-1 Debentures;
- that the Applicant is hereby authorized and empowered to bring this Application pursuant to Section 9.5 of the Indenture.
A copy of the Debenture Order can be found below.
Creditor Enquiries
For creditor enquiries, please contact:
Erin Merrick
Associate | Restructuring
T: 437.294.4618
E: emerrick@glassratner.com
The case updates and court filed documents on this website are for information purposes only and you should consult your financial or legal adviser if you have any questions or concerns about your rights or obligations. Additional updates on the status of these proceedings may become available in the future.
Motion Materials
Court Orders & Endorsements