Dietron Tool & Die Inc.
Follow- Proceeding
- NOIsection 50.4(9) of the BIA
- File
- 31-2813907
Dietron Tool & Die Inc. filed a notice of intention on March 18, 2022 under section 50.4(1) of the Bankruptcy and Insolvency Act, with Rosen Goldberg Inc. as licensed insolvency trustee under file number 31-2813907. Royal Bank of Canada holds a first charge on the company's assets and is listed at $2,200,000.00 on the creditor list as of March 17, 2022; the related corporations 1423636 Ontario Inc. and 5014152 Ontario Inc. hold general security agreements for $1,164,272.93 and $94,759.66. A sworn statement of affairs as at May 9, 2022 put secured liabilities at $3,319,061, preferred at nil and unsecured at $1,687,929, against machinery, equipment and tools with an estimated realizable value of $1,800,000 and $125,000 of cash in the bank. The Ontario proceeding is active.
Dietron Tool & Die Inc. filed its notice of intention under section 50.4(1) on March 18, 2022, bringing in Rosen Goldberg Inc. as licensed insolvency trustee.
Debtor
Dietron Tool & Die Inc.
Proposal trustee
Rosen Goldberg
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada (RBC) · in 556 casesas of NOI filing date — First charge on the assets of Dietron — Report to Court states RBC is owed approximately $2,060,000 and holds a first charge on Dietron's assets; NOI creditor list (as of March 17, 2022) shows $2,200,000.00. Legal opinion confirms RBC has a validly perfected security interest. — debtor: Dietron Tool & Die Inc. | $2.2M | Report to Court for Approval of Proposal |
| Secured | 1423636 Ontario Inc.as of NOI filing date — General security agreement — Related party/corporation; Report to Court states amount owed approximately $1,164,273, consistent with exact figure in creditor list. — debtor: Dietron Tool & Die Inc. | $1.16M | Report to Court for Approval of Proposal |
| Secured | 5014152 Ontario Inc.as of NOI filing date — General security agreement — Related corporation; Report to Court states amount owed approximately $4,760, which conflicts with the exact figure of $94,759.66 shown on the NOI creditor list - discrepancy noted in source documents. — debtor: Dietron Tool & Die Inc. | $94.8K | Report to Court for Approval of Proposal |
| Date | Document | File |
|---|---|---|
Report to Court for Approval of Proposal
| ||
Notice of Intention to Make a Proposal
| ||
Extension Order
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Dietron Tool & Die Inc.” (NOI), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/dietron-tool-die-inc