#Sale
The court granted a reverse vesting order in favour of 1001279208 Ontario Ltd.
Source: Reverse Vesting Order
Bucephalas Stables Corp. o/a Indie Alehouse Brewing Co.
ActiveFollow
- Proceeding
- NOIBIA s. 50.4
- File
- BK-25-03244323-0031
- Industry
- Manufacturing · Food & beverage manufacturing
Filings held15
Last activity17 Sep 2025
On the record486 days
OverviewSummary updated
Bucephalas Stables Corp., operating as Indie Alehouse Brewing Co., has been under a notice of intention to make a proposal since July 7, 2025, filed under section 50.4 of the BIA. Unaudited financial statements as at February 26, 2025 showed total assets of $2,134,709 against total liabilities of $6,717,260, with a net loss of approximately $910,871 for the year then ended; a motion sworn September 10, 2025 puts the company's debt at approximately $6,773,960. Secured claims as at the filing date include $2,994,000 owed to the Business Development Bank of Canada, $817,000 to the Bank of Montreal, $295,068 to Driven Financial Technologies Corporation, an estimated $100,983.07 in provincial beer tax, a $100,000 promissory note held by 27% shareholder 1989678 Ontario Limited, and $10,762 in CRA deemed-trust arrears. The proceeding remains active.
Proceedings AIOpen Proceedings AI
Case updates15 dated entries
#Report
The officer filed report no. Second Report of the Proposal Trustee. The Company continued operating during the NOI proceedings while winding down existing inventory, managing stakeholder relationships, and ultimately completing a sale process resulting in a stalking horse transaction to continue the business as a going concern.
Source: Second Report of the Trustee - Trustee - Fuller Landau Group - 12-SEP-2025
Parties
Debtor
Bucephalas Stables Corp. o/a Indie Alehouse Brewing Co.
Proposal trustee
Fuller Landau
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Black | Ontario Superior Court of Justice | 3 orders, Sep 2025 | 198 cases on record |
| Justice Dietrich | Ontario Superior Court of Justice | 3 orders, Jul 2025 | 132 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeFuller Landau | Aird & Berlis LLP | 16 Jul 2025 | Service list · 16 Jul 2025 |
| ApplicantBucephalas Stables Corp. o/a Indie Alehouse Brewing Co. | Miller Thomson LLP | 16 Jul 2025 | Order · 22 Jul 2025 |
| CreditorBank of Montreal | Torkin Manes LLP | 16 Jul 2025 | Service list · 16 Jul 2025 |
| CreditorBusiness Development Bank of Canada | Blaney McMurtry LLP | 16 Jul 2025 | Service list · 16 Jul 2025 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 casesHST and excise tax arrears; deemed-trust class claim. Document lists this separately from its 'Secured Creditors' heading (classifying it under a separate Canada Revenue Agency section), but deemed-trust indebtedness is treated as a priority quasi-governmental claim. — debtor: Bucephalas Stables Corp. · as of 7 Jul 2025 | $10.8K | Motion Record |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
5 more claims in 1 class The stack holds Deemed trusts (CRA and other) and Secured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale processAs stated in the filings
Sale approved — Approval and Reverse Vesting Order approving the stalking horse subscription agreement and transaction.Reverse Vesting Order · 17 Sep 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1001279208 Ontario Ltd.Stalking horsethe Purchased Shares · share subscription · ResidualCo: 1001357911 Ontario Inc. · agreement 15 Jul 2025 | Subscribers | Approved17 Sep 2025outside 30 Sep 2025 | Reverse Vesting Order |
AdvisorsThe Fuller Landau Group Inc. (sale agent)Second Report of the Trustee - Trustee - Fuller Landau Group -…
Closing termsClosing occurs upon delivery of the Proposal Trustee's Certificate confirming satisfaction or waiver of closing conditions.Reverse Vesting Order
Fees and ratesAs stated in the filings
2 engagements · 2 firms — latest: The Fuller Landau Group Inc., to 12 Sep 2025Second Report of the Trustee - Trustee - Fuller Landau Group -… · 12 Sep 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Aird & Berlis LLPCounsel | — | — | — | Second Report of the Trustee - Trustee - Fuller Landau Group -… · 12 Sep 2025 | |
| The Fuller Landau Group Inc.Proposal trustee | to 12 Sep 2025 | — | — | not stated | Second Report of the Trustee - Trustee - Fuller Landau Group -… · 12 Sep 2025 |
1 blurred figure above
What each firm billed — 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 ·
Professional fees
$36.4K
As at 29 Aug 2025Second Report of the Trustee - Trustee - Fuller Landau Group - 12-SEP-2025
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
15 filings
| Date | Document | File |
|---|---|---|
Ancillary Relief Order
| PDF · Subscribers | |
Endorsement
| PDF · Subscribers | |
Reverse Vesting Order
| PDF · Subscribers | |
| Factum of the Applicant | PDF · Subscribers | |
Second Report of the Trustee - Trustee - Fuller Landau Group - 12-SEP-2025
| PDF · Subscribers | |
Motion Record
| PDF · Subscribers | |
Endorsement – dated 2025-07-22
| PDF · Subscribers | |
Order (DIP Financing and Priming Charges)
| PDF · Subscribers | |
Order (SISP and Stalking Horse Approval)
| PDF · Subscribers | |
| Factum of the Applicant – dated 2025-07-20 | PDF · Subscribers | |
Motion Record – dated 2025-07-16
| PDF · Subscribers | |
Proposal Trustee's First Report
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
| Notice of Intention | PDF · Subscribers | |
| Certificate of Filing of a Notice of Intention | 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., “Bucephalas Stables Corp. o/a Indie Alehouse Brewing Co.” (NOI), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/bucephalas-stables-corp-o-a-indie-alehouse-brewing-co