AJS Metals Inc
Follow- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-25-00000193-0000
AJS Metals Inc is the subject of a court-appointed receivership before the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), commenced on November 18, 2025 under section 243 of the Bankruptcy and Insolvency Act together with provincial Judicature Act authority. The proceeding opened with an interim order granted the same day and is carried under court file CV-25-00000193-0000 in Ontario. The matter remains active, and the interim order of November 18 is the only step recorded on the file to date.
Endorsement of Justice McGee was filed. Court file CV-25-00000193-0000.
Source: Endorsement of Justice McGee
A receivership order was granted. Court file CV-25-00000193-0000.
Source: Order of Justice McGee
Interim order granted on the day the receivership commenced, opening the proceeding in the Ontario Superior Court of Justice under file CV-25-00000193-0000.
Source: Order of Justice McGee
Debtor
AJS Metals Inc
Receiver
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 556 casesSecurity in the Property (Real Property and vehicles/equipment); applicant for receivership order — Estimated amount owed to creditor holding security in the Property, per Receiver's Notice s.4(d) — debtor: AJS Metals Inc. | $961K | 245 Notice and Statement of Receiver |
| 4 | Secured | Equirex, a division of Bennington Financial Corp. · in 4 casesSecurity in the Property — Amount owed listed as "TBD" (to be determined) in Receiver's Notice s.4(d) — debtor: AJS Metals Inc. | — | 245 Notice and Statement of Receiver |
| 4 | Secured | Merchant Opportunities Canada Limited Partnership · in 8 casesSecurity in the Property — Amount owed listed as "TBD" (to be determined) in Receiver's Notice s.4(d) — debtor: AJS Metals Inc. | — | 245 Notice and Statement of Receiver |
| 4 | Secured | Vault Credit Corporation · in 65 casesSecurity in the Property — Amount owed listed as "TBD" (to be determined) in Receiver's Notice s.4(d) — debtor: AJS Metals Inc. | — | 245 Notice and Statement of Receiver |
| 8 | Unsecured | Vault Credit · in 3 casesAlso listed as a secured creditor holding security in the Property (page 1); relationship between the two listings not explained in document — debtor: AJS Metals Inc. | — | 245 Notice and Statement of Receiver |
| 8 | Unsecured | Equirex · in 2 casesAlso listed as a secured creditor holding security in the Property (page 1); relationship between the two listings not explained in document — debtor: AJS Metals Inc. | — | 245 Notice and Statement of Receiver |
| 8 | Unsecured | Canada Revenue Agency · in 926 casesAmount of claim not stated; may include deemed-trust/statutory claims but not identified as such in document — debtor: AJS Metals Inc. | — | 245 Notice and Statement of Receiver |
| 8 | Unsecured | Town of South Bruce PeninsulaMunicipal creditor; amount not stated — debtor: AJS Metals Inc. | — | 245 Notice and Statement of Receiver |
| 8 | Unsecured | Merchant Opportunities Canada LP · in 3 casesAlso listed as a secured creditor holding security in the Property (page 1); relationship between the two listings (e.g., deficiency claim) not explained in document — debtor: AJS Metals Inc. | — | 245 Notice and Statement of Receiver |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
| Date | Document | File |
|---|---|---|
245 Notice and Statement of Receiver
| ||
Endorsement of Justice McGee
| ||
Order of Justice McGee
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “AJS Metals Inc” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/ajs-metals-inc