The applicant sought an Amended and Restated Initial Order, approval for a sale and investment solicitation process, and an increase in DIP financing in its CCAA proceedings.
Due to the chronic problem of late filings on the Commercial List, the court adjourned the motion because the materials were filed late the evening before the hearing.
The court extended the stay and authorized a small increase in DIP borrowing to maintain the business until the adjourned date, warning counsel that late filings for scheduled matters will result in adjournments.
