Direction Nord-Sud (D.N.S.) Ltée

Active

Proceeding: Receivership (court-appointed)Sections 47 and 47.1 of the Bankruptcy and Insolvency Act
Court: Superior Court of Québec
File: 500-11-054445-180

Filings held2

Last activity27 Apr 2018

On the record3,069 days

OverviewSummary updated 13 August 2026

Direction Nord-Sud (D.N.S.) Ltée is in court-appointed receivership under BIA section 243 and the provincial Judicature Acts. Third Eye Capital Corporation, acting as administrative and collateral agent for the Lenders, holds first-ranking security under Universal Hypothecs and a General Security Agreement dated June 2014, securing $6,411,057.04 in capital, interest and fees as at April 26, 2018, guaranteed solidarily by Sociétés Nord Sud (D.N.S.) Ltée and 3137520 Canada Inc., and personally by Serge Dauphin, Claude Dauphin and Gérald Séguin. The Bank of Nova Scotia holds a subordinate, contingent hypothec tied to 25% of any net proceeds otherwise payable to DNS shareholders on a future realization of value, described as highly unlikely. Banque de Développement du Canada's security relates to an immovable property that 3137520 Canada Inc. sold in July 2016.

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Case updates1 dated entry · 1 undated

27 Apr 2018

#Order

Order appointing an Interim Receiver was filed. Court file 500-11-054445-180.

Source: Order appointing an Interim Receiver

Undated filings1 — no date appears on the document · show

1 filings carry no date on their face — subscribers.

Parties

Debtor

Direction Nord-Sud (D.N.S.) Ltée

Receiver

KPMG

Capital structureAs asserted in the filings

Priority class	Creditor	Amount	Source
Secured	Third Eye Capital Corporation (as administrative agent, collateral agent and fondé de pouvoir for the Lenders) · in 2 casesUniversal Hypothecs (Deeds of Hypothec dated June 17, 2014 on universality of movable and immovable property of DNS, Sociétés and 3137520) and General Security Agreement dated June 19, 2014; registered at RPMRR and PPSR (Ontario, NL); first-ranking secured creditor — Same amount stated twice: prose approximation in para 7 (as of date of Motion) and exact dated Statement of Account (Exhibit P-20) as at April 26, 2018, both $6,411,057.04, in capital, interest and fees; personal guarantees also given by Serge Dauphin, Claude Dauphin and Gérald Séguin (individuals, guarantors, not companies) — deb · as of 26 Apr 2018	$6.41M	Motion to appoint an Interim Receiver

This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.

2 more claims across lower-ranking classes

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Documents2 filings

Date	Document	File
27 Apr 2018	Order appointing an Interim Receiver Applicant THIRD EYE CAPITAL CORPORATION Appointee KPMG INC. Appointee role interim receiver Commencement date 27 April 2018 + 5 more extracted facts	PDF · Subscribers

—	Motion to appoint an Interim Receiver Applicant THIRD EYE CAPITAL CORPORATION Appointee KPMG INC. Appointee role Proposed Interim Receiver Court SUPERIOR COURT (Commercial Division) + 6 more extracted facts	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., “Direction Nord-Sud (D.N.S.) Ltée” (Receivership (court-appointed)), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/direction-nord-sud-d-n-s-lt-e