Receiver discharged to facilitate transition of debtor to CCAA proceedings.
The court-appointed receiver of MJardin Group, Inc. brought a motion for a discharge order to facilitate the transition from receivership proceedings to proceedings under the Companies' Creditors Arrangement Act (CCAA).
The proposed order provided for the receiver's discharge upon the issuance of a CCAA Initial Order, while preserving the receiver's charges.
As the CCAA Initial Order had been granted, the court granted the motion and signed the discharge order.
PricewaterhouseCoopers Inc., v. MJardin Group, Inc., 2022 ONSC 3340