GIP Primus, L.P. and Brightwood Loan Services LLC ("GIP"), along with Portco, brought motions seeking orders for Essar Steel Algoma Inc. ("Algoma") to resume payments under a Cargo Handling Agreement, including arrears, and for a priority charge in the alternative.
The motions were based on section 11.01(a) of the CCAA, arguing that Portco provided critical services or licensed property.
The court dismissed the motions, reiterating previous findings that Portco did not provide services or a license, and that the arguments were previously decided.
The court also declined to grant a critical supplier charge under section 11.4 or the general discretion of section 11 of the CCAA, citing lack of application by the debtor, prior rulings, and potential breach of DIP loan terms and prejudice to other creditors.