Delviro Inc.
FollowActive
- 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
OverviewSummary updated
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.
Proceedings AIAsk this case — answers cite the filings
Case updates38 dated entries
35 earlier updates, back to 14 April 2025 — subscribers.
Parties
Debtor
Delviro Inc.
Receiver
EY
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, Nov 2025 – Jun 2026 | 176 cases on record |
| Justice Dietrich | Ontario Superior Court of Justice | 2 orders, Jun 2025 | 89 cases on record |
| Justice Cavanagh | Ontario Superior Court of Justice | 2 orders, Apr 2025 | 288 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverEY | Professional Corporation | 26 Mar 2026 | Factum · 26 Mar 2026 |
| DebtorDelviro Inc. | Professional Corporation | 5 Nov 2025 | Service list · 5 Nov 2025 |
| CreditorHMT Holdings Inc | Torkin Manes LLP | 5 Nov 2025 | Service list · 5 Nov 2025 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | National Bank of Canada · in 87 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) |
Sale processAs stated in the filings
3 transactions · 1 proposed · 1 approved · 1 closed — 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 |
| Malton Bestthe Located Equipment owned by Delviro · asset sale | Subscribers | Closeddate not stated | First Supplement to the Third Report |
AdvisorsMaynards Industries II Canada Ltd. (auctioneer)The purpose of this Fourth Report is to provide information in support…
Closing termsVesting of Purchased Assets occurs upon the Auctioneer's receipt from a Purchaser of the purchase price determined at the AuctionApproval and Vesting Order
Sealed materialsConfidential Appendices B, C, and E to the First ReportApproval and Vesting Order
RecoveriesAs stated in the filings
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.
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents
38 filings
| 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 20 September 2026, https://proceedings.ca/case/delviro-inc