A further order was granted, the most recent step recorded in this receivership, which remains active.
Source: Order dated March 9, 2026
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.
A further order was granted, the most recent step recorded in this receivership, which remains active.
Source: Order dated March 9, 2026
An order was granted in the receivership one week after the receiver's second report was filed with the Court.
Source: Court Order Amending Receivership Order and Ancillary Relief dated February 27, 2026
29 earlier updates, back to 11 July 2025 — subscribers.
Debtor
Axiom Real Time Metrics Inc.
Applicant
National Bank of Canada
Receiver
KSV
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Cavanagh | Ontario Superior Court of Justice | 7 orders, Jul 2025 – Mar 2026 | 288 cases on record |
| Justice Kimmel | Ontario Superior Court of Justice | 2 orders, Jul 2025 | 182 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverKSV | Rothstein LLP · Chaitons LLP | 7 Jul 2025 | Service list · 20 Feb 2026 |
| ApplicantNational Bank of Canada | Professional Corporation · Norton Rose Fulbright Canada LLP | 7 Jul 2025 | Order · 9 Mar 2026 |
| CreditorAndrew Schachter, J2ASM Air Inc | Loopstra Nixon LLP | 20 Feb 2026 | Service list · 20 Feb 2026 |
| CreditorAXRM Acquisitions Inc., AXRM Holdings Inc | Necpal Litigation | 20 Feb 2026 | Service list · 20 Feb 2026 |
| CreditorJulia Tersigni | Kba Partners LLP | 20 Feb 2026 | Service list · 20 Feb 2026 |
| CreditorLeanne M. Williams | Thornton Grout Finnigan LLP | 20 Feb 2026 | Service list · 20 Feb 2026 |
| CreditorMartin Leblanc, Jeffrey Jay, Noah Rhodes and Edward Hjerpe | McMillan LLP | 20 Feb 2026 | Service list · 20 Feb 2026 |
| CreditorStuart Brotman | Fasken Martineau DuMoulin LLP | 20 Feb 2026 | Service list · 20 Feb 2026 |
| CreditorTamara Watson | twatson@ln.law | 9 Mar 2026 | Endorsement · 9 Mar 2026 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Court-ordered charges | Receiver'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 subsecti | — | Court 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.
3 transactions · 2 proposed · 1 closed — The 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
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1001294310 Ontario Inc.the purchase of substantially all the Assets · asset sale · agreement 12 Jul 2025 | not stated | Proposed | First Report of the Receiver dated July 14, 2025 |
| Alternative Transaction proposed by Schachter, unnamed purchasing entitythe Assets · asset sale | Subscribers | Proposed | First 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 2025 | Subscribers | Closeddate not stated | Second Report of the Receiver dated February… |
National Bank of Canada: shortfall.EstimatedSecond Report of the Receiver · 20 Feb 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | National Bank of Canada | — | shortfall | Estimatedper the receiver | Second 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.
4 engagements · 2 firms — latest: KSV Restructuring Inc., 11 Jul 2025 – 31 Jan 2026Motion Record of the Receiver · 27 Feb 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Chaitons LLPCounselperiod 2 of 2 | to 31 Jan 2026 | — | ••• | not stated | Second Report of the Receiver · 20 Feb 2026 |
| Chaitons LLPCounselperiod 1 of 2 | 16 Jul – 30 Nov 2025 | — | — | ••• | Second Report of the Receiver · 20 Feb 2026 |
| KSV Restructuring Inc.Receiverperiod 2 of 2 | 11 Jul 2025 – 31 Jan 2026 | — | — | •••2 people | Motion Record of the Receiver · 27 Feb 2026 |
| KSV Restructuring Inc.Receiverperiod 1 of 2 | — | — | ••• | •••6 people | Motion Record of the Receiver · 27 Feb 2026 |
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
| Date | Document | File |
|---|---|---|
Endorsement of Justice Cavanagh dated March 9. 2026
| PDF · Subscribers | |
Order dated March 9, 2026
| PDF · Subscribers | |
Court Order Amending Receivership Order and Ancillary Relief dated February 27, 2026
| PDF · Subscribers | |
Endorsement of Justice Cavanagh dated February 27, 2026
| PDF · Subscribers | |
Motion Record of the Receiver returnable February 27, 2026
| PDF · Subscribers | |
| Aide Memoire of the Receiver dated February 26, 2026 | PDF · Subscribers | |
Second Report of the Receiver dated February 20, 2026
| PDF · Subscribers | |
Service List as at February 20, 2026
| PDF · Subscribers | |
| Writ of Enforcement against Andrew Schachter dated October 28, 2025 | PDF · Subscribers | |
Cost Award Order (Andrew Schachter) dated September 12, 2025
| PDF · Subscribers | |
Endorsement Slip of Justice Cavanagh dated September 12, 2025
| PDF · Subscribers | |
Cost Submissions of National Bank of Canada dated September 2, 2025
| PDF · Subscribers | |
Cost Submissions of the Receiver dated August 28, 2025
| PDF · Subscribers | |
Notice and Statement of the Receiver dated July 17, 2025
| PDF · Subscribers | |
Ancillary Relief Order dated July 15, 2025
| PDF · Subscribers | |
Approval and Vesting Order dated July 15, 2025
| PDF · Subscribers | |
Endorsement dated July 15, 2025
| PDF · Subscribers | |
Aide Memoire of the Receiver dated July 14, 2025
| PDF · Subscribers | |
First Report of the Receiver dated July 14, 2025
| PDF · Subscribers | |
| Supplementary Affidavit of Andrew Schachter sworn July 14, 2025 | PDF · Subscribers | |
| Offer Package to KSV dated July 12, 2025 | PDF · 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
| PDF · Subscribers | |
Motion Record of the Receiver returnable July 11, 2025
| PDF · Subscribers | |
Order Appointing Receiver dated July 11, 2025
| PDF · Subscribers | |
| Supplement to the Report of the Proposed Receiver dated July 11, 2025 | PDF · Subscribers | |
Factum of the National Bank of Canada dated July 7, 2025
| PDF · Subscribers | |
Factum of the Receiver dated July 7, 2025
| 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.