Delviro Inc.
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the "BIA") and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended (the "CJA")
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CV-25-00740078-00CL
Delviro Inc. is the subject of a bankruptcy proceeding under the Bankruptcy and Insolvency Act, before the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), on the Commercial List, under court file number CV-25-00740078-00CL. The proceeding is active. The record available for this page identifies the debtor, the statutory basis and the court file, and nothing further: no commencement date, no procedural stage, and no dated filings or orders have been entered. This page will be updated as documents are read into the record.
The officer filed report no. First Supplemental Report. The report responds to the debtor principal's affidavit characterizing deposits by related parties as repayments, finding no documentary support and quantifying amounts that would remain unpaid even on his explanation; the Receiver maintains the Reviewable Transactions Order is appropriate.
The officer filed report no. Third Report. Delviro ceased operations in late February 2025 and has been bankrupt since October 3, 2025; after the June 2025 auction the Receiver expects no further material realizations apart from any funds recovered on its reviewable-transactions motion against related parties.
Source: Third Report of the Monitor
The officer filed report no. Third Report of the Receiver. Delviro ceased operations in late February 2025, was assigned into bankruptcy on October 3, 2025, and its assets were liquidated at auction in June 2025; the Receiver expects no further material realizations apart from any recoveries from the reviewable transactions motion.
Source: Third Report of the Receiver
Motion Record of the Receiver (returnable April 28, 2026) — Application / notice of application
Motion Record (Returnable June 26, 2025) Re Investigative Powers Order — Application / notice of application
The court granted an approval and vesting order for the sale to the Debtor's right, title and interest in and to the Property purchased by such respective Purchaser at the Auction. Closing terms, as extracted: Vesting of Purchased Assets occurs upon the Auctioneer's receipt from a Purchaser of the purchase price determined at the Auction. Sealed: Confidential Appendices B, C, and E to the First Report.
Source: Approval and Vesting Order
A receivership order was granted. Court file CV-25-00740078-00CL.
Source: Court Order Appointing Receiver
Application Record to Appoint a Receiver (Returnable April 14, 2025) was filed. Court file CV-25-00740078-00CL.
Source: Application Record to Appoint a Receiver (Returnable April 14, 2025)
Outcome brief
Delviro: $2,025,000 to settle, and a $15,864,573 consent to judgment in escrow
EY, as receiver and trustee of the Etobicoke LED maker, sought $16,920,578 from principal Joseph Delonghi, jointly with seven related parties, alleging preferences, transfers at undervalue and fraudulent conveyances. They settled days before the hearing for $2,025,000, with consents to judgment held in escrow against a failure to pay the $969,000 balance by July 31.
Debtor
Delviro Inc.
Receiver
EY
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Black | Ontario Superior Court of Justice | 3 orders, Nov 2025 – Jun 2026 | 198 cases on record |
| Justice Steele | Ontario Superior Court of Justice | 2 orders, May 2025 – Jul 2026 | 245 cases on record |
| Justice Dietrich | Ontario Superior Court of Justice | 2 orders, Jun 2025 | 132 cases on record |
| Justice Cavanagh | Ontario Superior Court of Justice | 2 orders, Apr 2025 | 318 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorDelviro Inc. | Joel Vale Professional Corporation | 5 Nov 2025 | Service list · 5 Nov 2025 |
| CreditorEbury Partners Finance Ltd | Borden Ladner Gervais LLP | 7 Jul 2026 | Service list · 7 Jul 2026 |
| CreditorHMT Holdings Inc | Torkin Manes LLP | 5 Nov 2025 | Service list · 5 Nov 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | National Bank of Canada · in 101 casesGeneral Security Agreement dated February 17, 2023 granting security interest over all tangible, intangible, current and after-acquired property and undertaking of the Debtor; PPSA registration made February 24, 2023 against all classes of collateral except 'consumer goods' and 'motor vehicles'; designation as beneficiary of insurance proceeds covering the Property — Amount is outstanding balance under the Offer of Financing (facilities: $3,000,000 line of credit, $2,000,000 term loan, $200,000 global net risk line, $100,000 Mastercard - these are facility limits, not balances), plus accrued i · as of 11 Mar 2025 | $5.01M | Application Record to Appoint a Receiver (Returnable April 14, 2025) |
| 4 | Secured | |||
| 5 | PMSI / lessors |
2 more claims in 2 classes The stack holds Secured and PMSI / lessors claims.
Every creditor and every amount.
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See all plans2 transactions · 1 proposed · 1 approved — The Auction in respect of the Auctioned Assets is scheduled to occur virtually on June 26, 2025.Second Report of the Receiver · 17 Jun 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| end purchasers at the Auction, unnamedthe Debtor's inventory, machinery and related equipment located in Etobicoke, Ontario · auction | not stated | Proposed | 1 Notice of Motion dated May 16, 2025 2 First… |
| each purchaser at the Auction, unnamedthe Debtor's right, title and interest in and to the Property purchased by such respective Purchaser at the Auction · auction · agreement 15 May 2025 | Subscribers | Approved23 May 2025 | Approval and Vesting Order |
Unsecured creditors: no distribution. National Bank of Canada no distribution.Third Report of the Monitor · 20 Jan 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredNBC | National Bank of Canada | no distribution | Estimatedper the receiver | Third Report of the Monitor · 20 Jan 2026 | |
| Unsecured | — | no distribution | per the receiver | Third Report of the Monitor · 20 Jan 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.
2 blurred figures 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 ·
The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Order (Settlement Approval)
| PDF · Subscribers | |
| Settlement Approval Motion Factum | PDF · Subscribers | |
The purpose of this Fourth Report is to provide information in support of the Receiver’s motion (the “ Settlement Approval Motion ”) for an order, among other things, approving the settlement agreement entered into among the Receiver (including in its capacity as Trustee), NBC and the Related Parties on July 3, 2026 (the “ Settlement Agreement ”). A copy of the Settlement Agreement is attached as Appendix “A” to this Fourth Report
| PDF · Subscribers | |
This Motion is to obtain an Order (the “ Settlement Approval Order ”), for the following relief, among other things: (a) approving the settlement agreement entered into among the Receiver (including in its capacity as trustee in bankruptcy of the Debtor (the “ Trustee ”)), National Bank of Canada (“ NBC ”), Joseph Delonghi (“ Mr. Delonghi ”), Roma Breese, Lighting Fund Investments Inc., M&G Hotels Limited, 16 – 20 Newbridge Investments Inc., 136 The East Mall Inc., Flexwrks Inc. and Lumen Power Technologies Inc. (collectively, the “ Related Parties ” and together with the Receiver (including in its capacity as Trustee) and NBC, the “ Settling Parties ”) on July 3, 2026 (the “ Settlement Agreement ”); and (b) such other relief as counsel may request and this Court may permit
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Affidavit of Thomas Gertner
| PDF · Subscribers | |
| Motion Record of Related Parties | PDF · Subscribers | |
| Related Parties Factum | PDF · Subscribers | |
| Factum of the Receiver | PDF · Subscribers | |
First Supplement to the Third Report
| PDF · Subscribers | |
| Responding Motion Record | PDF · Subscribers | |
Endorsement - National Bank of Canada v. Delviro Inc
| PDF · Subscribers | |
Endorsement
| PDF · Subscribers | |
Aide-mémoire of Ernst & Young Inc. in its Capacity as Court-Appointed Receiver
| PDF · Subscribers | |
| Appendices A and B | PDF · Subscribers | |
| Appendices C to L | PDF · Subscribers | |
| Appendices M to BB | PDF · Subscribers | |
| Index | PDF · Subscribers | |
Motion Record of the Receiver (returnable April 28, 2026)
| PDF · Subscribers | |
| Notice of Motion (returnable April 28, 2026) | PDF · Subscribers | |
Third Report of the Monitor
| PDF · Subscribers | |
Third Report of the Receiver
| PDF · Subscribers | |
Service list as of Nov 4th, 2025
| PDF · Subscribers | |
Counsel Endorsement Slip - Re: Receiver challenging transactions
| PDF · Subscribers | |
Delviro - Preliminary Report of Trustee
| PDF · Subscribers | |
| Notice of Bankrupcy, First MEeting of Creditors | PDF · Subscribers | |
| Certificate of Appointment | PDF · Subscribers | |
COUNSEL/ENDORSEMENT SLIP
| PDF · Subscribers | |
INVESTIGATIVE POWERS AND INTERIM DISTRIBUTION ORDER
| PDF · Subscribers | |
| Motion Record (Returnable June 26, 2025) Re Investigative Powers Order | PDF · Subscribers | |
Second Report of the Receiver
| PDF · Subscribers | |
1 Notice of Motion dated May 16, 2025 2 First Report of Ernst & Young Inc., in its capacity as Court-appointed Receiver of Delviro Inc. dated May 16, 2025 Appendix A Appointment Order dated April 14, 2025 Confidential Appendix B 2024 Asset Listing dated May 13, 2024 Confidential Appendix C Summary of six proposals submitted by liquidation services firms Appendix D Auction Agreement between the Receiver and Maynards Industries II Canada Ltd. dated May 15, 2025 (redacted) Confidential Appendix E Auction Agreement between the Receiver and Maynards Industries II Canada Ltd. dated May 15, 2025 (unredacted) 3 Draft Approval and Vesting Order 4 Comparison of Draft Approval and Vesting Order to Commercial List Model Approval and Vesting Order
| PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
First Report of Ernst & Young Inc., in its capacity as Court-appointed Receiver of Delviro Inc. dated May 16, 2025 Appendix A Appointment Order dated April 14, 2025 Confidential Appendix B 2024 Asset Listing dated May 13, 2024 Confidential Appendix C Summary of six proposals submitted by liquidation services firms Appendix D Auction Agreement between the Receiver and Maynards Industries II Canada Ltd. dated May 15, 2025 (redacted) Confidential Appendix E Auction Agreement between the Receiver and Maynards Industries II Canada Ltd. dated May 15, 2025 (unredacted)
| PDF · Subscribers | |
| Notice and Statement of the Receiver | PDF · Subscribers | |
Court Order Appointing Receiver
| PDF · Subscribers | |
Endorsement of Justice Cavanagh
| PDF · Subscribers | |
Application Record to Appoint a Receiver (Returnable April 14, 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., “Delviro Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 5 November 2026, https://proceedings.ca/case/delviro-inc