DavidsTea receives claims process order, extends stay of proceedings

By Taylor Fox

New York, Sept. 17 – DavidsTea Inc. announced that the Quebec Superior Court today issued a claims process order establishing the claims procedures for its creditors under the Companies’ Creditors Arrangement Act, according to a news release.

The order sets 5 p.m. ET on Nov. 6 as the time by which creditors of DavidsTea and its wholly owned U.S. subsidiary, DavidsTea (USA) Inc., must submit its claims to PwC, the court-appointed monitor.

The court also extended the stay of all proceedings against DavidsTea to Dec. 15.

DavidsTea is a tea company based in Montreal. The company filed bankruptcy on July 8 in the U.S. Bankruptcy Court for the District of Delaware under Chapter 15 case number 20-11802.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.