Current Engagements

Algonquin Group Inc., Algonquin Automotive and Algonquin Industries International Inc.

Page last updated: August 20, 2010

 

By Order of Court dated August 14, 2009, A. Farber & Partners Inc. was appointed Interim Receiver pursuant to section 47(1) of the BIA of the real property of the Respondents known municipally as: 1 Crescent Road, Huntsville, Ontario; 5 Crescent Road, Huntsville, Ontario; and 85 Ecclestone Drive, Bracebridge, Ontario (collectively, the "Real Property"), for the purpose of liquidating the Real Property without continuing any operations of the Respondents, and, for greater certainty, the Real Property shall not include (i) any assets purchased by Tiercon from Algonquin Automotive (the "Purchased Assets") pursuant to an asset purchase agreement dated July 3, 2009 (the "APA") as approved by the July 20, 2009 Order of this Court, or (ii) any property or assets of Algonquin Automotive, excluding the Purchased Assets, forming part of the secured collateral of Wells Fargo (the "Non-Purchased Assets"). The term and scope of the Interim Receiver are more fully detailed in the Court Order referenced below.

By Order of the Court dated September 9, 2009, A. Farber & Partners Inc.'s mandate (described above) as Interim Receiver was expanded to include certain receivables and inventory.

 

By Order of Court dated September 18, 2009, A. Farber & Partners Inc. was appointed Receiver, without security, of all of the companies’ current and future assets, undertaking and property of every nature including all proceeds thereof.   The Court also ordered that the September 18, 2009 Order supersede and replace the Orders of August 14, 2009 and September 9, 2009.

 

A. Farber & Partners Inc. has sold all of the remaining assets of Algonquin Automotive, Algonquin Group Inc. and Algonquin Industries International Inc.  The first secured creditor was owed more than the amount available for distribution.  On August 5, 2010 the Court approved a final distribution to the first secured creditor (Wells Fargo) and approved the discharge of A. Farber & Partners Inc.

 

The purpose of this website is to provide information and documents to any interested persons regarding the Interim Receivership of Algonquin Group Inc., Algonquin Automotive and Algonquin Industries International Inc.  The documents listed below are in pdf format and can be viewed and/or downloaded.

 

Orders

Notice to Shareholders

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