RE: Question re CBCA. "So if the banks sit down with YLO finance committee and structured a new lending deal (since they clearly are not happy with the proposal), is there a legal mechanism for YLO to withdraw from the CBCA filing?"
Servo, the banks nor any other group can create a proposal and put it to a vote. All that can be done is the group(s) can table their proposed amendments to YLO management. It is up to YLO to decide to incorporate it and put it to a vote.
As far as withdrawing goes, it is just a matter of YLO telling the courts that they are at an impasse with no resolution in site and wish to with draw from the CBCA proceedings.