1760184 Ontario Ltd. (Surface Heat Treat & Coatings)
- Proceeding
- NOIBIA s. 50.4
- File
- 32-2390056
- Industry
- Manufacturing · Metals & fabrication
1760184 Ontario Ltd., operating as Surface Heat Treat & Coatings, is proceeding under a notice of intention to make a proposal pursuant to section 50.4 of the Bankruptcy and Insolvency Act, in the Ontario Superior Court of Justice (Commercial List) under court file 32-2390056. Both of its principal secured lenders had moved to enforce before the filing: Business Development Bank of Canada served a section 244 notice on April 12, 2018 in respect of four loan facility agreements, and Canadian Imperial Bank of Commerce followed on May 29, 2018. As at June 14, 2018, CIBC was owed approximately $218,000 on a term loan secured by general security under a May 25, 2016 facility agreement, plus $100 on an operating line limited to $65,000. The BDC facilities stood at $172,730.17 and $74,254.28 under agreements dated September 1, 2016, and $166,819.99 and $87,869.24 under agreements dated April 24, 2017. Halton Autolease Inc. holds a later PPSA registration against a single motor vehicle. The company reported approximately $182,000 in unsecured liabilities to the proposal trustee as of June 18, 2018.
The officer filed report no. Second Report. The Company continued operating during the NOI proceedings while the Proposal Trustee ran a marketing and sale process, receiving no competing bids by the deadline, and recommends completing the stalking horse transaction; actual cash collections and disbursements to July 13, 2018 were better than forecasted.
Certificate of Filing of a Notice of Intention to Make a Proposal — NOI certificate of filing
Undated filings2 — no date appears on the document · show
Debtor
1760184 Ontario Ltd. (Surface Heat Treat & Coatings)
Proposal trustee
GlassRatner
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Pattillo | Ontario Superior Court of Justice | 2 orders, Jul 2018 | 75 cases on record |
| Justice McEwen | Ontario Superior Court of Justice | 2 orders, Jun 2018 | 143 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| PurchaserStalking Horse | Frederikse Law | 15 Jun 2018 | Service list · 15 Jun 2018 |
| CreditorA. Farber & Partners Inc | Aird & Berlis LLP | 15 Jun 2018 | Service list · 15 Jun 2018 |
| CreditorBusiness Development Bank of Canada | Miller Thomson LLP | 15 Jun 2018 | Service list · 15 Jun 2018 |
| CreditorCanadian Imperial Bank of Canada | Gowling WLG (Canada) LLP | 15 Jun 2018 | Service list · 15 Jun 2018 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Canadian Imperial Bank of Commerce (CIBC) · in 72 casesGeneral security under loan facility agreement dated May 25, 2016 (term loan); also operating line of credit with maximum limit of $65,000, outstanding balance $100 as of same date — Approximate amounts as at June 14, 2018 per Company; CIBC filed Notice of Intention to Enforce Security under s.244 BIA on May 29, 2018 — debtor: 1760184 Ontario Ltd. · as of 14 Jun 2018 | $218K | First Report of the Proposal Trustee |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured |
7 more claims in 2 classes The stack holds Secured and Unsecured claims.
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See all plansProfessional fees
$59.2K
As at 13 Jul 2018Second Report of the Proposal Trustee
| Date | Document | File |
|---|---|---|
Endorsement of Justice Pattillo dated July 27, 2018
| PDF · Subscribers | |
Order of Justice Pattillo dated July 27, 2018
| PDF · Subscribers | |
Motion Record returnable July 27, 2018
| PDF · Subscribers | |
Second Report of the Proposal Trustee
| PDF · Subscribers | |
Endorsement of Justice McEwen dated June 21, 2018
| PDF · Subscribers | |
Order of Justice McEwen dated June 21, 2018
| PDF · Subscribers | |
NOI Creditors Package
| PDF · Subscribers | |
First Report of the Proposal Trustee
| PDF · Subscribers | |
| Certificate of Filing of a Notice of Intention to Make a Proposal | PDF · Subscribers | |
Information Teaser
| PDF · Subscribers | |
Motion Record, returnable June 21, 2018
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
| Confidentiality Agreement | PDF · Subscribers | |
| Service List (Word) | 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., “1760184 Ontario Ltd. (Surface Heat Treat & Coatings)” (NOI), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/1760184-ontario-ltd-surface-heat-treat-coatings