For further information contact:
Contact: Kristin Gray
D’Amani Stucco Solutions Inc.
D’Amani Stucco Solutions Inc. (the “Company”) operates out of Saskatoon, Saskatchewan providing exterior stucco finishing for residential and commercial buildings.
On August 13, 2020 the Company filed a Notice of Intention to Make a Proposal (“NOI”) under subsection 50.4(I) of the Bankruptcy and Insolvency Act.
On September 9, 2020, the Company applied for and received an Order extending the time to file a Proposal to October 28, 2020.
On October 28, 2020 the Company filed a Proposal with The Bowra Group Inc. under the Bankruptcy and Insolvency Act.
The Company will be seeking Court Approval of the Proposal on December 23, 2020 at 10.00 AM CST. Application materials are posted below.
On December 23, 2020, the Proposal obtained approval by the Court of Queen’s Bench of Saskatchewan.
On July 23, 2021, the Company defaulted in the performance of the Proposal. Accordingly the Trustee intends to apply for its discharge in due course without annulling the Proposal. Creditors of the Company may take proceedings to annul the proposal and place D’Amani in bankruptcy at their own expense.
The First Meeting of Creditors for the Proposal of D’Amani Stucco Solutions Inc. will be held via teleconference on the 17th day of November at 2:30pm. Call in details can be found in the creditors package posted below.
Application Materials – Approval of Proposal