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Bankruptcy Update - July 2010 - Court Declines to Approve Sale of Assets as Part of Proposal Proceedings
14/07/2010
In the recent decision of Justice Cumming In the Matter of the Proposal of Hypnotic Clubs Inc. (“Hypnotic” or the “Debtor”) the court dismissed a motion by the Debtor for a sale of its assets pursuant to s.65.13 of the Bankruptcy and Insolvency Act (“BIA”). (...)