july 13 transaction not approved, so here is the compromise That is what i believe
Status of File as of July 29, 2016
On July 29, 2016, the Applicants filed a motion for an order, seeking among other things:
- Authorizing the filing of a Plan of Compromise and Arrangement (the "Plan") in respect of GuestLogix Canada;
- Authorizing and directing GuestLogix Canada to call, hold and conduct a meeting of creditors (the "Meeting") to consider and vote on the Plan;
- Approving the procedures to be followed with respect to the call and conduct of the Meeting;
- Setting the date for the hearing of the Applicants' motion seeking sanction of the Plan (the “Sanction Hearing”) should the Plan be approved at the Meeting; and
- Approving the Information Packages (as defined in the Meeting Order) and the other proposed methods and forms of notice of the Meeting and the Sanction Hearing.