On March 9th, 2018, Comptoir des Indes inc. (the "Company" or the "Debtor") filed a notice of intention to file a proposal (the “NOI”) pursuant to Section 50.4 (1) of the BIA and KPMG Inc. (“KPMG”) has consented to act as Trustee under the proposal.
First Extension of Delay
On April 5th, 2018, the Debtor obtained from the Court a first extension of delay to file its proposal until May 18th, 2018.
Second Extension of Delay
On May 17th, 2018, the Debtor obtained from the Court a second extension of delay to file its proposal until June 29th, 2018.
Third Extension of Delay
On June 28th, 2018, the Debtor obtained from the Court a third extension of delay to file its proposal until August 10th, 2018.
Bankruptcy
The Company was deemed to have filed an assignment on the 11th day of August 2018, due to the non-filing of the proposal and KPMG Inc. was appointed as trustee of the estate of the bankrupt.
