Proceedings.

Azure Publishing Inc.

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Proceeding
NOIsection 50.4(9) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3
Court
Ontario Superior Court of Justice · Commercial List
File
BK-25-03270451-0031
Industry
Technology, media & telecom · Media, publishing & production
Filings held19
Last activity9 Jan 2026
On the record421 days
Secured debtSubscribers
OverviewSummary updated

Azure Publishing Inc. began proceedings under the Bankruptcy and Insolvency Act on September 10, 2025, filing a notice of intention to make a proposal. The matter is before the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), on the Commercial List, under court file number BK-25-03270451-0031. The proceeding remains active. The record to date discloses no further steps, and no subsequent orders, reports or hearing dates have been entered on it.

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Case updates19 dated entries
#Sale

The court granted an approval and vesting order for the sale to Sandow Capital, LLC. Closing terms, as extracted: Vesting occurs upon delivery of Proposal Trustee's Certificate confirming payment and satisfaction of conditions.

Source: Sale Approval and Vesting Court Order

Parties

Debtor

Azure Publishing Inc.

Proposal trustee

Dodick Landau

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice CavanaghOntario Superior Court of Justice3 orders, Dec 2025318 cases on record
Justice SteeleOntario Superior Court of Justice2 orders, Nov 2025245 cases on record
Justice MyersOntario Superior Court of Justice2 orders, Oct 2025117 cases on record

Counsel of record

PartyCounselFirst seenSource
DebtorAzure Publishing Inc.Gardiner Roberts LLP9 Oct 2025Factum · 9 Oct 2025
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4Secured1449483 Ontario Limitedas of date of this Report (October 9, 2025) — General security agreement dated July 18, 2024 against all present and after-acquired personal property of Azure, registered under the Ontario Personal Property Security Act; secures Promissory Note dated July 18, 2024 providing a Loan Facility up to $800,000 (facility limit, not balance) — Related party: 1449483 Ontario Limited is a company for which Sergio Sgaramella (a shareholder of Azure) is the sole director. Approximately $565,000 drawn from the $800,000 Loan Facility as of the date of the Report. This entity also acts as DIP Lender under th$565KFirst Report of the Proposal Trustee – October 9 2025
8Unsecured

1 more claim in 1 class The stack holds Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

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Sale processAs stated in the filings

Sale process approved — SISP approval sought and process to be implementedSISP – October 10 2025 · 10 Oct 2025

Bid deadline

17 November 2025

SISP – October 10 2025

PurchaserPriceStatusSource
Sandow Capital, LLCthe Vendor's right, title, and interest in and to the assets described in the APA (the ' Purchased Assets ') · asset sale · agreement 1 Dec 2025not statedApproved5 Dec 2025Sale Approval and Vesting Court Order
AdvisorsDodick Landau Inc. (sale agent)Teaser
Closing termsVesting occurs upon delivery of Proposal Trustee's Certificate confirming payment and satisfaction of conditionsSale Approval and Vesting Court Order
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
19 filings
DateDocumentFile
Preliminary ReportPDF · Subscribers
Creditor PackagePDF · Subscribers
Letter to former employees of Azure Publishing IncPDF · Subscribers
Court Endorsement
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Court Order (Third Report, Distribution)
  • Counsel Gardiner Roberts LLP
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Sale Approval and Vesting Court Order
  • Closing terms Vesting occurs upon delivery of Proposal Trustee's Certificate confirming payment and satisfaction of conditions
  • Counsel Gardiner Roberts LLP
  • Order date 5 December 2025
  • Presiding officer Justice Cavanagh
  • + 2 more extracted facts
PDF · Subscribers
Court Endorsement November 21 2025
  • Presiding officer Justice Steele
PDF · Subscribers
Court Order – Stay Extension
  • Counsel Gardiner Roberts LLP
  • Order date 21 November 2025
  • Presiding officer Justice Steele
  • Stay extended to 15 December 2025
PDF · Subscribers
Motion Record
  • Applicant Azure Publishing Inc.
  • Appointee Dodick Landau Inc.
  • Appointee role Proposal Trustee
  • Commencement date 10 September 2025
  • + 4 more extracted facts
PDF · Subscribers
Confidentiality Agreement
PDF · Subscribers
Teaser
  • Bid deadline 17 November 2025
  • Sale advisor Dodick Landau Inc (sale agent)
PDF · Subscribers
Court Order
  • Counsel Gardiner Roberts LLP
  • Presiding officer Justice Myers
PDF · Subscribers
Endorsement
  • Presiding officer Justice F.L. Myers
PDF · Subscribers
SISP – October 10 2025
  • Bid deadline 17 November 2025
  • Order date 10 October 2025
  • Sale advisor Dodick Landau Inc. (sale agent)
  • Break fee Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Factum of Azure Publishing Inc
  • Counsel Gardiner Roberts LLP
PDF · Subscribers
First Report of the Proposal Trustee – October 9 2025
  • Sale outcome Sale process approved — SISP approved, process not yet completed as of this report
  • Financial position · Secured creditors · Stalking horse Subscribers
  • + 1 more extracted fact
PDF · Subscribers
Motion Record of Azure Publishing Inc.
  • Applicant Azure Publishing Inc.
  • Commencement date 10 September 2025
  • Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Court file no BK-25-03270451-0031
  • + 3 more extracted facts
PDF · Subscribers
Creditor Package – NOI
PDF · Subscribers
Certificate for the Notice of IntentionPDF · Subscribers

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

CiteProceedings., “Azure Publishing Inc.” (NOI), Ontario Superior Court of Justice · Commercial List. Retrieved 4 November 2026, https://proceedings.ca/case/azure-publishing-inc

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Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/azure-publishing-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.