The Monitor and Receiver in the CCAA proceedings of Urbancorp Toronto Management Inc. and affiliated entities brought three unopposed motions.
The court granted an extension of the stay period, finding the parties were working in good faith and had sufficient cash flow.
The court also granted a vesting order resolving a dispute over Fuzion Geothermal Room Units and approved a settlement between the Receiver and TS Sports Consulting Inc. regarding advisory fees, finding the settlement fair and commercially reasonable.
