Approved the claims process for 16483640 Canada Ltd., the entity holding liabilities of $12,917,417.82 vested out of Loop Energy Inc., with Crowe MacKay & Company Ltd. as trustee.
Source: Notice of Bankruptcy
16483640 Canada Ltd. is the entity into which certain debts and liabilities of Loop Energy Inc. were vested by a reverse vesting order, and it has been in insolvency proceedings in British Columbia since November 7, 2024, with Crowe MacKay & Company Ltd. as trustee under subsection 102(1) of the Act. Its statement of affairs as at November 6, 2024 reports no assets against liabilities of $12,917,417.82, all unsecured, and a deficiency of $12,917,417.82. Pacific Economic Development Canada holds the largest claim at $8,929,919.00, followed by R&D Dynamics Corporation at $604,739.85 and the related party Loop Energy Technologies (Shanghai) Co. Ltd. at $530,000.00. Osler, Hoskin & Harcourt LLP is listed at $295,402.03 and Shenzhen Foripower Electric Co., Ltd at $288,100.00.
Approved the claims process for 16483640 Canada Ltd., the entity holding liabilities of $12,917,417.82 vested out of Loop Energy Inc., with Crowe MacKay & Company Ltd. as trustee.
Source: Notice of Bankruptcy
Debtor
16483640 Canada Ltd. (Loop Energy Inc. ResidualCo)
Trustee in bankruptcy
Crowe MacKay
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Pacific Economic Development Canada · in 2 casesfederal economic development agency; largest unsecured claim listed — debtor: 16483640 Canada Ltd. · as of 6 Nov 2024 | $8.93M | Notice of Bankruptcy |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Notice of Bankruptcy
| 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., “16483640 Canada Ltd. (Loop Energy Inc. ResidualCo)” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/16483640-canada-ltd-loop-energy-inc-residualco
Sources last checked · summary updated 1 September 2026 · Report a correction · Printed from proceedings.ca/case/16483640-canada-ltd-loop-energy-inc-residualco
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.