#Filing
Motion Record of the Trustee (returnable August 5, 2026) — Application / notice of application
11449346 Canada Inc. o/a P3 Panel Company and 12574764 Canada Ltd. o/a United Edge Structural Components
FollowActive
- Proceeding
- NOIBIA s. 50.4
- File
- BK25-00000237-0033
Filings held32
Last activity5 Aug 2026
On the record536 days
OverviewSummary updated
11449346 Canada Inc., operating as P3 Panel Company, and 12574764 Canada Ltd., operating as United Edge Structural Components, filed a notice of intention to make a proposal under section 50.4 of the BIA on April 3, 2025 in Ontario, and the proceeding remains active. The Trustee's First Report sets out secured claims as of July 20, 2026. Against P3, admitted claims include $543,436.52 owing to 1394894 Ontario Inc. under an all-asset general security agreement and a $73,858.33 Canada Revenue Agency deemed trust claim under subsection 67(3) of the BIA that ranks ahead of other creditors subject to the Administration and Professional Charges. CWB National Leasing Inc.'s $506,646.49 proof of claim was not admitted: its contract with P3 was assigned to the purchaser under the approval and vesting order. United Edge is bankrupt, and P3's intercompany claims against it are valued by the Trustee at nil.
Proceedings AIAsk this case — answers cite the filings
Case updates33 dated entries
#Filing
Book of Authorities of the Proposal Trustee (for motion returnable August 25, 2025) — Application / notice of application
30 earlier updates, back to 3 April 2025 — subscribers.
Parties
Debtor
11449346 Canada Inc. o/a P3 Panel Company and 12574764 Canada Ltd. o/a United Edge Structural Components
Proposal trustee
Albert Gelman
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Kershman | Ontario Superior Court of Justice | 3 orders, Apr 2025 – Jul 2025 | 15 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeAlbert Gelman | Rothstein LLP | 30 Jul 2025 | Factum · 30 Jul 2025 |
| Debtor11449346 Canada Inc. o/a P3 Panel Company and 12574764 Canada Ltd. o/a United Edge Structural Components | Perley-Robertson, Hill & McDougall LLP/s.r.l. | 9 Apr 2025 | Factum · 9 Apr 2025 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Deemed trusts (CRA and other) | Canada Revenue Agency · in 926 casesDeemed trust pursuant to subsection 67(3) of the BIA — Quasi-governmental deemed-trust class claim; ranks in priority to other creditor claims subject to limited exceptions (Administration/Professional Charges). Amount includes accrued and accruing interest; admitted by Trustee. — debtor: 11449346 Canada Inc. (P3) · as of 20 Jul 2026 | $73.9K | Motion Record of the Trustee (returnable August 5, 2026) |
Sale processAs stated in the filings
Sale closed — The Transaction has been completed to the satisfaction of the Proposal TrusteeFifth Report of the Proposal Trustee dated August 15, 2025 · 15 Aug 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1001281812 Ontario Inc.the transaction contemplated by an asset purchase agreement between the Companies and 1001281812 Ontario Inc. · asset sale · agreement 22 Jul 2025 | Subscribers | Closed11 Aug 2025 | Fifth Report of the Proposal Trustee dated… |
AdvisorsAlbert Gelman Inc. (sale agent)Court Order dated April 29, 2025
Closing termsPayments to be made from Cash Consideration forthwith following Closing under the APACourt Order dated July 30, 2025 (Ancillary Relief Order)
Sealed materialsConfidential Appendices 1, 2, 3, 4 and 5 to the Fourth ReportCourt Order dated July 30, 2025 (Ancillary Relief Order)
Fees and ratesAs stated in the filings
5 engagements · 3 firms — latest: Albert Gelman Inc., 21 Jul – 11 Aug 2025Motion Record of the Proposal Trustee (for motion · 25 Aug 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| (firm not named)Counsel to the trusteefirm not named in the heading | — | — | — | not stated | Third Report of the Proposal Trustee · 4 Jun 2025 |
| Albert Gelman Inc.Trusteeperiod 3 of 3 | 21 Jul – 11 Aug 2025Sought | ••• | ••• | •••10 people | Motion Record of the Proposal Trustee (for motion · 25 Aug 2025 |
| Albert Gelman Inc.Trusteeperiod 1 of 3 | 3 Mar – 31 May 2025Sought | ••• | ••• | •••9 people | Third Report of the Proposal Trustee · 4 Jun 2025 |
| Albert Gelman Inc.Trusteeperiod 1 of 3 | — | ••• | ••• | ••• | Fourth Report of the Proposal Trustee · 25 Jul 2025 |
| Paliare Roland Rosenberg Rothstein LLPCounsel to the trustee | to 23 Jul 2025 | — | ••• | not stated | Fourth Report of the Proposal Trustee · 25 Jul 2025 |
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Professional fees to date
$350K
As at 28 Jul 2025First Supplement to the Fourth Report of the Proposal Trustee dated July 28, 2025
Documents
32 filings
| Date | Document | File |
|---|---|---|
Motion Record of the Trustee (returnable August 5, 2026)
| PDF · Subscribers | |
Book of Authorities of the Proposal Trustee (for motion returnable August 25, 2025)
| PDF · Subscribers | |
| Court Order dated August 25, 2025 (Termination of Proposal Period and Change) | PDF · Subscribers | |
Factum of the Proposal Trustee (for motion returnable August 25, 2025)
| PDF · Subscribers | |
Motion Record of the Proposal Trustee (for motion returnable August 25, 2025)
| PDF · Subscribers | |
Fifth Report of the Proposal Trustee dated August 15, 2025
| PDF · Subscribers | |
| Service List (updated August 5, 2025) | PDF · Subscribers | |
Court Order dated July 30, 2025 (Ancillary Relief Order)
| PDF · Subscribers | |
Court Order dated July 30, 2025 (Approval and Vesting Order)
| PDF · Subscribers | |
Factum of the Debtors (for motion returnable July 30, 2025)
| PDF · Subscribers | |
Factum of the Proposal Trustee (for motion returnable July 30, 2025)
| PDF · Subscribers | |
Motion Record of the Debtors (for motion returnable July 30, 2025)
| PDF · Subscribers | |
Notice of Motion of the Proposal Trustee (for motion returnable July 30, 2025)
| PDF · Subscribers | |
| Responding Motion Record filed by Royal Bank of Canada (for motion returnable July 30, 2025) | PDF · Subscribers | |
Supplementary Factum of the Debtors (for motion returnable July 30, 2025)
| PDF · Subscribers | |
First Supplement to the Fourth Report of the Proposal Trustee dated July 28, 2025
| PDF · Subscribers | |
Fourth Report of the Proposal Trustee dated July 25, 2025
| PDF · Subscribers | |
| Court Order dated June 11, 2025 | PDF · Subscribers | |
Endorsement dated June 11, 2025
| PDF · Subscribers | |
Factum of the Debtors (for motion returnable June 11, 2025)
| PDF · Subscribers | |
| Motion Record of the Debtors (for motion returnable June 11, 2025) | PDF · Subscribers | |
Third Report of the Proposal Trustee dated June 4, 2025
| PDF · Subscribers | |
Court Order dated April 29, 2025
| PDF · Subscribers | |
Motion Record of the Debtors (for motion returnable April 29, 2025)
| PDF · Subscribers | |
Second Report of the Proposal Trustee (for motion returnable April 29, 2025)
| PDF · Subscribers | |
Factum of the Debtors (for motion returnable April 20, 2025)
| PDF · Subscribers | |
Court Order dated April 9, 2025
| PDF · Subscribers | |
Factum of the Debtors (for motion returnable April 9, 2025)
| PDF · Subscribers | |
First Report of the Proposal Trustee (for motion returnable April 9, 2025)
| PDF · Subscribers | |
Motion record of the Debtors (for motion returnable April 9, 2025)
| PDF · Subscribers | |
| Certificate for the Notice of Intention – P3 | PDF · Subscribers | |
| Certificate for the Notice of Intention – UE | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “11449346 Canada Inc. o/a P3 Panel Company and 12574764 Canada Ltd. o/a United Edge Structural Components” (NOI), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/11449346-canada-inc-o-a-p3-panel-company-and-12574764-canada-ltd-o-a-united-edge