Pursuant to an Order made by the Ontario Superior Court of Justice on May 26, 2010, Deloitte & Touche Inc. was appointed as receiver and manager (the “Receiver”) of certain assets, properties and undertakings of Tuesday Equities Ltd. and Prince Royal Limited Partnership (the "Debtors"), which assets include Hidden Valley Resort, The Benmiller Inn & Spa and The Elora Mill Inn & Spa (the “Hotels”).
On June 17, 2010, by an Order made by the Honourable Justice Grace, the Court approved the Receiver’s marketing plan for the sale of the Hotels.
The Receiver has since sold substantially all of the Debtors’ assets which are subject to its administration, including the Hotels. There will be a significant shortfall to the primary secured lender on its advances to the Debtors, and accordingly, the Receiver is of the view that there will be no funds available for distribution to the other secured and unsecured creditors of the Debtors.
Should you have any questions or require further information, please contact Mr. Stefano Damiani at 416-601-6150.
Order - May 26, 2010
Notice to Creditors
Motion Record - June 11, 2010 - Receiver's First Report to Court
Order dated June 17, 2010
Motion Record - August 19, 2010 - Receiver's Second Report to Court
Approval and Vesting Order
Order (Revised Marketing Process)
Endorsement of Justice Newbould
Motion Record – December 17, 2010 - Receiver's Third Report to Court
Approval and Vesting Order - December 30, 2010
Order - December 30, 2010
Endorsement of Justice Wilton-Siegel dated December 30, 2010
Motion Record - February 23, 2011 - Receiver's Fourth Report to Court
Order dated March 4, 2011
Endorsement of Madam Justice Mesbur dated March 4, 2011
Approval and Vesting Order - Dated March 4, 2011
Motion Record (Part 1 of 3) Returnable May 31, 2011
Motion Record (Part 2 of 3) Returnable May 31, 2011
Motion Record (Part 3 of 3) Returnable May 31, 2011
Order dated May 31, 2011
Motion Record Returnable October 7, 2011
Order dated October 7, 2011
Endorsement of Justice Campbell dated October 7, 2011