In proceedings under the Companies’ Creditors Arrangement Act, the court addressed scheduling issues for a complex multi‑party trial involving the allocation of assets among creditor groups.
The parties proposed deferring the trial from April 1, 2014 to April 28, 2014, but disagreement remained regarding whether the later date would be feasible.
The court concluded that maintaining the earlier date risked a chaotic trial and that a rolling start date would create further uncertainty.
To ensure certainty and orderly preparation, the court rescheduled the trial to begin May 12, 2014 for 20 days and set case management and trial management conferences.
The court also required all parties to provide comprehensive fee and disbursement summaries to monitor escalating litigation costs.
