Proceedings.

Axiom Real Time Metrics Inc.

Follow
Active
Proceeding
Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended; and Section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended
Court
Ontario Superior Court of Justice · Commercial List
File
CV-25-00746939-00CL
Filings held30
Last activity9 Mar 2026
On the record437 days
OverviewSummary updated

Axiom Real-Time Metrics Inc., whose head office is at 5205 Satellite Drive, Mississauga, has been in court-appointed receivership since July 11, 2025, when the Ontario Superior Court of Justice appointed KSV Restructuring Inc. receiver and manager on National Bank of Canada's application under section 243(1) of the BIA and section 101 of the Courts of Justice Act (file CV-25-00746939-00CL). The Court approved a sale to Sitero Canada Inc. on July 15, 2025, and the receiver has since closed the transaction, terminated employees and administered WEPP claims. The whole of the Property is charged with a Receiver's Borrowings Charge in favour of National Bank of Canada, subordinate to the Receiver's Charge and the statutory BIA charges. The debtor now carries the name 2075508 Ontario Inc. Receiver's fees to January 31, 2026 total $300,440.50, excluding disbursements and HST.

Proceedings AIAsk this case — answers cite the filings
Ask in plain language. The answer comes only from this case’s filings, each one cited.
Enter to send · Shift+Enter for a new line
Case updates32 dated entries

29 earlier updates, back to 11 July 2025 subscribers.

Parties

Debtor

Axiom Real Time Metrics Inc.

Applicant

National Bank of Canada

Receiver

KSV

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice CavanaghOntario Superior Court of Justice7 orders, Jul 2025 – Mar 2026288 cases on record
Justice KimmelOntario Superior Court of Justice2 orders, Jul 2025182 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverKSVRothstein LLP · Chaitons LLP7 Jul 2025Service list · 20 Feb 2026
ApplicantNational Bank of CanadaProfessional Corporation · Norton Rose Fulbright Canada LLP7 Jul 2025Order · 9 Mar 2026
CreditorAndrew Schachter, J2ASM Air IncLoopstra Nixon LLP20 Feb 2026Service list · 20 Feb 2026
CreditorAXRM Acquisitions Inc., AXRM Holdings IncNecpal Litigation20 Feb 2026Service list · 20 Feb 2026
CreditorJulia TersigniKba Partners LLP20 Feb 2026Service list · 20 Feb 2026
CreditorLeanne M. WilliamsThornton Grout Finnigan LLP20 Feb 2026Service list · 20 Feb 2026
CreditorMartin Leblanc, Jeffrey Jay, Noah Rhodes and Edward HjerpeMcMillan LLP20 Feb 2026Service list · 20 Feb 2026
CreditorStuart BrotmanFasken Martineau DuMoulin LLP20 Feb 2026Service list · 20 Feb 2026
CreditorTamara Watsontwatson@ln.law9 Mar 2026Endorsement · 9 Mar 2026
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
Court-ordered chargesReceiver's Borrowings Charge — in priority to all security interests, trusts, liens, charges and encumbrances, statutory or otherwise, in favour of any Person, but subordinate in priority to the Receiver’s Charge and the charges as set out in subsectiCourt Order Amending Receivership Order and Ancillary Relief dated February 27, 2026

“not stated” means the record names the claim without a figure; “” means not in the extracted record.

4 more claims across lower-ranking classes

Subscribe

Already a subscriber? Sign in.

Sale processAs stated in the filings

3 transactions · 2 proposed · 1 closedThe Sitero Transaction resulted from a sale process carried out with the assistance of SSGSecond Report of the Receiver dated February 20, 2026 · 20 Feb 2026

PurchaserPriceStatusSource
1001294310 Ontario Inc.the purchase of substantially all the Assets · asset sale · agreement 12 Jul 2025not statedProposedFirst Report of the Receiver dated July 14, 2025
Alternative Transaction proposed by Schachter, unnamed purchasing entitythe Assets · asset saleSubscribersProposedFirst Report of the Receiver dated July 14, 2025
Sitero Canada Inc.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · agreement 6 Jul 2025SubscribersCloseddate not statedSecond Report of the Receiver dated February…
AdvisorsSSG Capital Advisors, LLC (financial advisor)Second Report of the Receiver dated February 20, 2026
Closing termsVesting occurs upon delivery of the Receiver's Certificate confirming payment and satisfaction of closing conditionsApproval and Vesting Order dated July 15, 2025
RecoveriesAs stated in the filings

National Bank of Canada: shortfall.EstimatedSecond Report of the Receiver · 20 Feb 2026

ClassCreditorClaimsRecoveryBasisSource
SecuredNational Bank of CanadashortfallEstimatedper the receiverSecond Report of the Receiver · 20 Feb 2026

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

Fees and ratesAs stated in the filings

4 engagements · 2 firmslatest: KSV Restructuring Inc., 11 Jul 2025 – 31 Jan 2026Motion Record of the Receiver · 27 Feb 2026

FirmPeriodHoursFeesRatesSource
Chaitons LLPCounselperiod 2 of 2to 31 Jan 2026•••not statedSecond Report of the Receiver · 20 Feb 2026
Chaitons LLPCounselperiod 1 of 216 Jul – 30 Nov 2025•••Second Report of the Receiver · 20 Feb 2026
KSV Restructuring Inc.Receiverperiod 2 of 211 Jul 2025 – 31 Jan 2026•••2 peopleMotion Record of the Receiver · 27 Feb 2026
KSV Restructuring Inc.Receiverperiod 1 of 2••••••6 peopleMotion Record of the Receiver · 27 Feb 2026

38 stated figures across 4 engagements, each sourced

Subscribe

Already a subscriber? Sign in.

Estate financialsReported figures — never derived

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Cumulative receipts

$788K

As at 20 Feb 2026Second Report of the Receiver dated February 20, 2026

2 more reported figures, as at 20 Feb 2026

Subscribe

Already a subscriber? Sign in.

Documents
30 filings
DateDocumentFile
Endorsement of Justice Cavanagh dated March 9. 2026
  • Counsel twatson@ln.law
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Order dated March 9, 2026
  • Commencement date 24 September 2024
  • Counsel Necpal Litigation Professional Corporation
  • Court Ontario Superior Court of Justice, Commercial List
  • Debtor names Axiom Real-Time Metrics Inc.; 2075508 Ontario Inc.
  • + 3 more extracted facts
PDF · Subscribers
Court Order Amending Receivership Order and Ancillary Relief dated February 27, 2026
  • Applicant National Bank of Canada
  • Appointee KSV Restructuring Inc.
  • Appointee role receiver and manager
  • Charges Subscribers
  • + 9 more extracted facts
PDF · Subscribers
Endorsement of Justice Cavanagh dated February 27, 2026
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Motion Record of the Receiver returnable February 27, 2026
  • Recovery outcome Entries: per estimated · Table missing:
  • Fee schedule Subscribers
PDF · Subscribers
Aide Memoire of the Receiver dated February 26, 2026PDF · Subscribers
Second Report of the Receiver dated February 20, 2026
  • Closing confirmed Closed · date not stated · Sitero Canada Inc.
  • Cash on hand · Disbursements · Fee schedule Subscribers
  • + 12 more extracted facts
PDF · Subscribers
Service List as at February 20, 2026
  • Counsel Fasken Martineau Dumoulin LLP
PDF · Subscribers
Writ of Enforcement against Andrew Schachter dated October 28, 2025PDF · Subscribers
Cost Award Order (Andrew Schachter) dated September 12, 2025
  • Counsel Chaitons LLP
  • Court Ontario Superior Court of Justice (Commercial List)
  • Debtor names Axiom Real-Time Metrics Inc.
  • Order date 12 September 2025
  • + 1 more extracted fact
PDF · Subscribers
Endorsement Slip of Justice Cavanagh dated September 12, 2025
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Cost Submissions of National Bank of Canada dated September 2, 2025
  • Counsel Norton Rose Fulbright Canada LLP
PDF · Subscribers
Cost Submissions of the Receiver dated August 28, 2025
  • Counsel Chaitons LLP
PDF · Subscribers
Notice and Statement of the Receiver dated July 17, 2025
  • Recovery outcome Entries: per estimated · Stated on: 2025-07-17 · Table missing:
PDF · Subscribers
Ancillary Relief Order dated July 15, 2025
  • Counsel Chaitons LLP
  • Court Ontario Superior Court of Justice (Commercial List)
  • Debtor names Axiom Real-Time Metrics Inc.
  • Order date 15 July 2025
  • + 2 more extracted facts
PDF · Subscribers
Approval and Vesting Order dated July 15, 2025
  • Closing terms Vesting occurs upon delivery of the Receiver's Certificate confirming payment and satisfaction of closing conditions
  • Purchaser Sitero Canada Inc. · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · approved
  • Sale outcome Sale approved — the Transaction is hereby approved
  • Stalking horse Subscribers
PDF · Subscribers
Endorsement dated July 15, 2025
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Aide Memoire of the Receiver dated July 14, 2025
  • Counsel Chaitons LLP
PDF · Subscribers
First Report of the Receiver dated July 14, 2025
  • Operational summary The purposes of this first report of the Receiver are to provide findings on the Endorsement issues, summarize the offer package for the 1001 Ontario Transaction, and set out the basis for the Receiver's continued recommendation that the Court approve the Sitero Transaction.
  • Purchaser Sitero Canada Inc. · the sale of substantially all the Assets · asset sale · approved; 1001294310 Ontario Inc. · the purchase of substantially all the Assets · asset sale · proposed; Alternative Transaction proposed by Schachter, unnamed purchasing entity · the Assets · asset sale · proposed
  • Cash on hand · Professional fees Subscribers
  • + 7 more extracted facts
PDF · Subscribers
Supplementary Affidavit of Andrew Schachter sworn July 14, 2025PDF · Subscribers
Offer Package to KSV dated July 12, 2025PDF · Subscribers
Affidavit of Andrew Schachter sworn July 11, 2025
PDF · Subscribers
Application Record of National Bank of Canada returnable July 11, 2025
PDF · Subscribers
Endorsement Slip of Justice Kimmel dated July 11, 2025
  • Presiding officer Justice Kimmel
PDF · Subscribers
Motion Record of the Receiver returnable July 11, 2025
  • Recovery outcome Entries: per estimated · Table missing:
  • Financial position · Secured creditors Subscribers
PDF · Subscribers
Order Appointing Receiver dated July 11, 2025
  • Applicant National Bank of Canada
  • Appointee KSV Restructuring Inc.
  • Appointee role receiver and manager
  • Commencement date 11 July 2025
  • + 7 more extracted facts
PDF · Subscribers
Supplement to the Report of the Proposed Receiver dated July 11, 2025PDF · Subscribers
Factum of the National Bank of Canada dated July 7, 2025
  • Counsel Norton Rose Fulbright Canada LLP
PDF · Subscribers
Factum of the Receiver dated July 7, 2025
  • Counsel Chaitons LLP
PDF · Subscribers
Proposed Receiver's Report dated July 7, 2025
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., “Axiom Real Time Metrics Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 20 September 2026, https://proceedings.ca/case/axiom-real-time-metrics-inc

Sources last checked · summary updated 5 August 2026 · Report a correction · Printed from proceedings.ca/case/axiom-real-time-metrics-inc

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.