Central Garage Limited, CGL Auto Inc. and 613586 NB Ltd.
- Proceeding
- Receivership (court-appointed)Section 33 of the Judicature Act, R.S.N.B. 1973, c. J-2, Rule 41 of the Rules of Court, N.B. Reg 82-73 and Section 243 of the Bankruptcy and Insolvency Act
- File
- SJM 246 2024
- Industry
- Retail · Vehicle dealers
Central Garage Limited, CGL Auto Inc. and 613586 NB Ltd. have been the subject of proceedings under the Bankruptcy and Insolvency Act since 27 November 2024, when a receivership order was granted in the Court of King's Bench of New Brunswick. The matter carries court file number SJM 246 2024. The proceeding remains active, and the record shows no further steps beyond the order made on the commencement date.
The officer filed report no. Fourth Report. The Receiver continued winding down the Company's real estate and asset holdings, closing most tender sale transactions, negotiating the sale of the remaining residual real property, and managing ongoing matters with FCA, CIBC, and environmental authorities.
Source: Fourth Report of the Receiver
The officer filed report no. Third Report. The Receiver ran a tender sale process for the Company's real property, parts inventory, equipment and vehicles, seeking approval of 39 accepted parcel bids. It plans to list two unsold residual parcels with a realtor and is seeking authority to assign the Company into bankruptcy. It continues to maintain the facilities and coordinate return of third-party property.
Source: Third Report of the Receiver
Central Garage Limited, CGL Auto Inc. and 613586 NB Ltd - Tender Information Package — Stakeholder communication
The officer filed report no. Second Report. The Receiver has sold vehicles back to FCA and KIA under repurchase provisions, is seeking approval of the sale of 48 Notre Dame Street (PID 50412683) and of a tender sale process for the remaining real estate, vehicles, inventory and equipment, and is addressing a CIBC set-off claim and an environmental matter at PID 50041953.
The officer filed report no. First Report. The companies' dealership operations have ceased; the Receiver has secured premises, inventory and records, terminated employees, retained some former employees for accounting records, and is working toward realizing assets, including repurchase sales of FCA and Kia vehicles and parts to the manufacturers. Court file SJM 246 2024.
Source: First Report of the Receiver
Central Garage Limited Notice and Statement of the Receiver 245-246 Notice — Notice to creditors
Receivership order granted over the three debtor companies in the Court of King's Bench of New Brunswick, commencing the proceeding under file SJM 246 2024.
Source: Receivership Order
Debtor
Central Garage Limited, CGL Auto Inc. and 613586 NB Ltd.
Receiver
EY
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Canadian Imperial Bank of Commerce · in 72 casesdebtor: 613586 NB Ltd. · as of 27 Nov 2024 | $266K | 613586 NB Ltd Notice and Statement of the Receiver 245-246 Notice |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
5 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plans6 transactions · 3 closed · 2 not completed · 1 proposed — Tender Sale Process transactions largely closed; Parcel 3C at risk of not closing; residual properties being separately marketedFourth Report of the Receiver · 2 Dec 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Maynards Industries Ltd.Parcel 2B and Parcel 4A - 4CC · auction | Subscribers | Proposed | Third Report of the Receiver |
| RCGP48 Notre Dame · real property | Subscribers | Closeddate not stated | Third Report of the Receiver |
| E3N SalesParcel 3B and Parcel 3D · asset sale | not stated | Not completeddate not stated | Fourth Report of the Receiver |
| E3N SalesParcel 3C · asset sale | not stated | Not completed | Fourth Report of the Receiver |
| Highlander Investments Inc.Tender Sale Process assets · asset sale | not stated | Closeddate not stated | Fourth Report of the Receiver |
| Maynard Industries Ltd.Parcel 2B comprised of building contents located at 74-76 Notre Dame Street, Atholville, NB and Parcel 4A - 4CC comprised of twenty-nine (29) vehicles · asset sale | not stated | Closeddate not stated | Fourth Report of the Receiver |
As at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plans| Date | Document | File |
|---|---|---|
| Fourth Activities Approval Order & Increase of Transaction Thresholds | PDF · Subscribers | |
Fourth Report of the Receiver
| PDF · Subscribers | |
| Auction Agreement Order | PDF · Subscribers | |
Sale Approval Order
| PDF · Subscribers | |
| Third Activities Order | PDF · Subscribers | |
Third Report of the Receiver
| PDF · Subscribers | |
| Central Garage Limited, CGL Auto Inc. and 613586 NB Ltd - Tender Information Package | PDF · Subscribers | |
| 2nd Activities Approval Order | PDF · Subscribers | |
| Confidentiality Order | PDF · Subscribers | |
| Sale Approval & Vesting Order | PDF · Subscribers | |
| Tender Sales Process Approval Order | PDF · Subscribers | |
| Affidavit of Carolyn Bennett | PDF · Subscribers | |
Second Report of the Receiver dated May 15, 2025
| PDF · Subscribers | |
| Activities Approval Order | PDF · Subscribers | |
| Order Approving Repurchase Transactions | PDF · Subscribers | |
Affidavit of Carolyn Bennett sworn February 21, 2025
| PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
| Motion Brief | PDF · Subscribers | |
Notice of Motion
| PDF · Subscribers | |
| Service List as of February 21, 2025 | PDF · Subscribers | |
613586 NB Ltd Notice and Statement of the Receiver 245-246 Notice
| PDF · Subscribers | |
CGL Auto Inc Notice and Statement of the Receiver 245-246 Notice
| PDF · Subscribers | |
Central Garage Limited Notice and Statement of the Receiver 245-246 Notice
| PDF · Subscribers | |
Receivership Order
| 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., “Central Garage Limited, CGL Auto Inc. and 613586 NB Ltd.” (Receivership (court-appointed)), Court of King's Bench of New Brunswick. Retrieved 4 November 2026, https://proceedings.ca/case/central-garage-limited-cgl-auto-inc-and-613586-nb-ltd