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  • 10542113 Canada Inc. & Flora I Ltd.

10542113 Canada Inc. & Flora I Ltd.

Mar 29, 2022

10542113 Canada Inc. & Flora I Ltd., Montreal, Quebec-based development companies, had a receiver appointed on March 30, on application by Romspen Investment Corporation, owed $21,682,685.87 as at December 31. Another purported creditor, 9186-9297 Québec Inc. (“Upbrella”), had brought a competing CCAA application, which Romspen opposed on the basis that the companies were single purpose real estate entities and the proposed CCAA proceedings amounted to no more than a liquidating CCAA. MNP was appointed as receiver. Counsel is Fishman Flanz for Romspen.

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