Wayland Group (MRRCF)

[fignewton]

Update

On March 27, 2020, the Receiver filed its Fifth Report (the “Fifth Report”) with the Court to provide the Court with information concerning:

The activities of the Companies and the Monitor since the Fourth Report;
An update in respect of the SISP;
Companies’ actual cash flows for the 14-week period from the week ending December 20, 2019 through to the week ending March 20, 2020, as compared to the Full Case Projection; and
The Monitor’s views on the Companies' request for approval of an extension of the stay of proceedings to and including April 17, 2020.

On March 26, 2020, the Applicants filed a motion to extend the Stay Period until and including April 17, 2020.

The motion will be heard on March 31, 2020.