The Monitor has distributed the funds in its hands from the liquidation of the Companies' assets to the secured creditors of the Companies. The claims of those secured creditors have not been satisfied in full. There has been no plan of compromise or arrangement made in respect of the Companies, and the residual claims of the secured and unsecured creditors of the Companies remain outstanding.
Because the claims for the secured creditors have not been satisfied and any residual claims will be used to sarisfy secured claims first, then unsecured claims will be paid out if there are any residual monies left.
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