#Order
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.
ActiveFollow
- 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 record482 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 AIOpen Proceedings AI
Case updates31 dated entries
#Order
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
#Report
Receiver's second report recorded completion of the Sitero Transaction, including earn-out and pipeline matters, employee terminations and WEPP administration, excluded-asset resolutions, and CRA income tax and HST audits.
Source: Second Report of the Receiver dated February 20, 2026
#Filing
Motion Record of the Receiver returnable February 27, 2026 — Application / notice of application
#Order
A further order was granted in the receivership before the Ontario Superior Court of Justice, Commercial List, two months after the sale approval.
Source: Cost Award Order (Andrew Schachter) dated September 12, 2025
#Order
A further order was granted in the receivership before the Ontario Superior Court of Justice, Commercial List, the same day the sale was approved.
#Sale
Court approved the Sitero Transaction, the receiver's sale of the purchased assets to Sitero Canada Inc., as recommended in the receiver's first report.
#Report
Receiver's first report gave its findings on the Endorsement issues, summarized the offer package for the 1001 Ontario Transaction, and maintained its recommendation that the Sitero Transaction be approved.
#Filing
Application Record of National Bank of Canada returnable July 11, 2025 — Application / notice of application
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
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Cavanagh | Ontario Superior Court of Justice | 8 orders, Jul 2025 – Mar 2026 | 318 cases on record |
| Justice Kimmel | Ontario Superior Court of Justice | 2 orders, Jul 2025 | 198 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverKSV | Paliare Roland Rosenberg Rothstein LLP · Chaitons LLP | 7 Jul 2025 | Service list · 20 Feb 2026 |
| ApplicantNational Bank of Canada | Necpal Litigation · 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 |
| CreditorAxiom Real-time Metrics Inc | Paliare Roland Rosenberg Rothstein LLP | 9 Mar 2026 | Order · 9 Mar 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 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| Court-ordered charges | ||||
| 1 | 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 |
| Pre-filing debt | ||||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 5 | PMSI / lessors | |||
4 more claims in 2 classes The stack holds Court-ordered charges, Secured and PMSI / lessors claims.
Every creditor and every amount.
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See all plans“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Sale processAs stated in the filings
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… |
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
| 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.
Fees and ratesAs stated in the filings
4 engagements · 2 firms — latest: KSV Restructuring Inc., 11 Jul 2025 – 31 Jan 2026Motion Record of the Receiver · 20 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 · 20 Feb 2026 | ||||||||||||||||||||||||||||||||||||||||
2 people — KSV Restructuring Inc., 11 Jul 2025 – 31 Jan 2026 · 6 blurred figures
| |||||||||||||||||||||||||||||||||||||||||||||
| KSV Restructuring Inc.Receiverperiod 1 of 2 | — | — | 6 people | Motion Record of the Receiver · 20 Feb 2026 | |||||||||||||||||||||||||||||||||||||||||
6 people — KSV Restructuring Inc. · 20 blurred figures
| |||||||||||||||||||||||||||||||||||||||||||||
31 blurred figures above
What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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See all plansEstate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing
As at ·
Cumulative receipts
$788K
As at 20 Feb 2026Second Report of the Receiver dated February 20, 2026
Cash on hand
As at
Professional fees
As at
2 more reported figures, and the 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plansDocuments
30 filings
| 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 | |
| Aide Memoire of the Receiver dated February 26, 2026 | PDF · Subscribers | |
Motion Record of the Receiver returnable February 27, 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 | |
Endorsement Slip of Justice Kimmel dated 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 | |
Motion Record of the Receiver returnable July 11, 2025
| PDF · Subscribers | |
Proposed Receiver's Report dated July 7, 2025
| PDF · Subscribers | |
Application Record of National Bank of Canada returnable July 11, 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 5 November 2026, https://proceedings.ca/case/axiom-real-time-metrics-inc