Proceedings.

Alfacon Solutions Limited

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Proceeding
NOIBIA s. 50.4
File
32-2427544
Filings held10
Last activity16 Nov 2018
On the record2,956 days
Secured debtSubscribers
OverviewSummary updated

Alfacon Solutions Limited commenced insolvency proceedings on October 2, 2018 by filing a notice of intention under s. 50.4 of the Bankruptcy and Insolvency Act, under court file no. 32-2427544 in the Ontario Superior Court of Justice. The proceeding remains active. The list of creditors with claims of $250 or more filed as of the NOI date runs to hundreds of names, dominated by Royal Bank of Canada at $2,100,000 and a related group of Monteco entries — Monteco Ltd - RBC at $1,500,000, Monteco Ltd at $830,000 and Monteco Holdings Limited at $665,661.05, together with smaller claims listed for individuals at the Monteco address. Also listed are BDC Capital at $780,000, Michelin c/o Haynsworth Sinkler Boyd P.A. at $282,500, Hunter Steel Sales at $219,065.40, Colson Group Canada, Inc. at $201,090.69 and JL Metals Inc. at $154,075.29.

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Case updates10 dated entries
Parties

Debtor

Alfacon Solutions Limited

Proposal trustee

MNP

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice HaineyOntario Superior Court of Justice2 orders, Nov 2018211 cases on record

Counsel of record

PartyCounselFirst seenSource
DebtorAlfacon Solutions LimitedPallett Valo LLP1 Nov 2018Order · 16 Nov 2018
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredMonteco Ltd.PPSA registration — Majority shareholder / parent (owns 75% of Alfacon) - related party. Amount per NOI creditor list (Karwala Affidavit para 24, PDF p.31); one of the three creditors the First Report aggregated as $3,435,000 (PDF p.16). Postponed/subordinated to RBC per guarantee (para 25). — debtor: Alfacon Solutions Limited · as of 2 Oct 2018$2.94MSecond Report, dated November 16, 2018
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured

242 more claims in 2 classes The stack holds Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

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Estate financialsReported figures — never derived
Total liabilities at filing

As at ·

The total the debtor stated at filing

Each one as the filing states it, with its source.

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Documents
10 filings
DateDocumentFile
Motion Record (Returnable November 16 2018) dated November 16, 2018
  • Applicant Alfacon Solutions Limited
  • Appointee MNP Ltd.
  • Appointee role Proposal Trustee
  • Court SUPERIOR COURT OF JUSTICE
  • + 1 more extracted fact
PDF · Subscribers
Order (extension to November 19, 2018) dated November 16, 2018
  • Counsel Pallett Valo LLP
PDF · Subscribers
Second Report, dated November 16, 2018
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Endorsement of Hainey, J, dated November 1, 2018
  • Presiding officer Justice Hainey
PDF · Subscribers
Order of Hainey, J. (extension to November 16, 2018) dated November 1, 2018
  • Counsel Valo LLP
  • Presiding officer Justice Hainey
PDF · Subscribers
Affidavit of Wojciech Karwala , sworn October 31, 2018PDF · Subscribers
First Report, dated October 30, 2018
  • Commencement date 2 October 2018
  • Court SUPERIOR COURT OF JUSTICE
  • Court file no 32-2427544
  • Financial position Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Motion Record (returnable November 1, 2018) dated October 30, 2018
  • Court file no 32-2427544
PDF · Subscribers
Creditor Package - Notice of Intention to Make Proposal
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Certificate of filing the NOIPDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Alfacon Solutions Limited” (NOI), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/alfacon-solutions-limited-prp

Sources last checked · summary updated 21 August 2026 · Report a correction · Printed from proceedings.ca/case/alfacon-solutions-limited-prp

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.