Orbcare Inc
Filing Date: November 13, 2019
On May 28, 2019, Orbcare Inc. ("Orbcare") filed a Notice of Intention to Make a Proposal ("NOI"). MNP Ltd. has consented to act as Trustee ("Trustee") in the Proposal.
On July 26, 2019, Pariscribe Inc. ("Pariscribe Inc. ") filed a Notice of Intention to Make a Proposal ("NOI"). MNP Ltd. has consented to act as Trustee ("Trustee") in the Proposal.
On July 29, 2019, Orbcare US, Inc. ("Orbcare US") filed a Notice of Intention to Make a Proposal ("NOI"). MNP Ltd. has consented to act as Trustee ("Trustee") in the Proposal.
On August 1, 2019 the Ontario Superior Court of Justice (Commercial List) (In Bankruptcy and Insolvency) ("the "Court") issued a Procedural Consolidation Order for the NOI of Orbare, Pariscribe and Orbcare US.
On August 14, 2019, the Court issued an order authorizing MNP Ltd. to conduct a Sale Process and solicit bids for the purchase of the assets and going concern business of OrbCare, Pariscribe Inc. and OrbCare US.
On November 13, 2019, each of these entities failed to file a proposal prior to the NOI Deadline, and consequently, each was deemed to have made an assignment in bankruptcy.