Datec Coating Corporation is the subject of a bankruptcy proceeding under the Bankruptcy and Insolvency Act, commenced October 23, 2024 in the Ontario Superior Court of Justice (In Bankruptcy and Insolvency) at court file number BK-24-03137745-0032. The record to date consists of a single step, an interim order granted on the commencement date itself. The proceeding remains active, and no subsequent orders, reports or hearings have been entered on the record.
The officer filed a report. Datec's business and assets were sold to Urecka Canada Corporation via a stalking horse/SISP process that closed on December 20, 2024; the Purchaser rehired most employees and now holds the operating business, while the Trustee winds down the estate and pursues remaining asset realizations (e.g., equipment, SR&ED credit).
Source: Preliminary Report
The court granted an approval and vesting order for the sale to Datec Coating Technologies Ltd. Closing terms, as extracted: vesting effective upon delivery of Proposal Trustee's Certificate certifying payment, satisfaction/waiver of conditions, and completion.
Interim order granted the same day the bankruptcy proceeding was commenced, opening the file in the Ontario Superior Court of Justice as BK-24-03137745-0032.
Source: Court Order
Debtor
Datec Coating Corporation
Proposal trustee
Dodick Landau
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Cavanagh | Ontario Superior Court of Justice | 1 order, Dec 2024 | 318 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorDatec Coating Corporation | Reconstruct LLP | 11 Dec 2024 | Order · 11 Dec 2024 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Western Ontario Community Futures Development Corporation Association (WOCFDCA) · in 2 casesLoan Agreement and Promissory Note dated July 29, 2022; original principal amount $500,000 — Company's principal secured creditor; delivered demand notice and Notice of Intention to Enforce Security under s.244(1) BIA on September 25, 2024 following default. Amount stated is approximate outstanding balance. — debtor: Datec Coating Corporation | $435K | First Report to Court of the Proposal Trustee |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
49 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans2 transactions · 1 approved · 1 closed — The sale transaction closed on December 20, 2024.Preliminary Report · 24 Jan 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Datec Coating Technologies Ltd.Stalking horsethe Vendor's right, title and interest in and to the assets described in the Stalking Horse Agreement (the ' Purchased Assets ') · asset sale · nominee/assignee: Ureeka Canada Corporation, or its nominee · agreement 21 Oct 2024 | not stated | Approved12 Dec 2024 | Assignment, Approval and Vesting Order |
| Urecka Canada CorporationAll of the Company's assets, properties and undertakings other than the Excluded Assets | not stated | Closed20 Dec 2024 | Preliminary Report |
WOCFDC: shortfall.EstimatedPreliminary Report · 24 Jan 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | WOCFDC | proven | shortfall | Estimatedper the trustee | Preliminary Report · 24 Jan 2025 |
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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansAs at ·
Cash on hand
$103K
As at 24 Jan 2025Preliminary Report
Professional fees
As at
1 more reported figure, 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 plans| Date | Document | File |
|---|---|---|
Preliminary Report
| PDF · Subscribers | |
Creditor Package
| PDF · Subscribers | |
| Certificate of Assignment | PDF · Subscribers | |
| Report on Non filing of Proposal | PDF · Subscribers | |
Assignment, Approval and Vesting Order
| PDF · Subscribers | |
Court Order
| PDF · Subscribers | |
First Report to Court of the Proposal Trustee
| PDF · Subscribers | |
Applicant Motion Record
| PDF · Subscribers | |
| Factum of the Applicant | PDF · Subscribers | |
| Certificate for the 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., “Datec Coating Corporation” (NOI), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/datec-coating-corporation
Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/datec-coating-corporation
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.