Eknors Auto Inc. and 12078503 Canada Inc.
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-25-00000211-0000
- Industry
- Retail · Vehicle dealers
Eknors Auto Inc. and 12078503 Canada Inc. are subject to a court-appointed receivership before the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), brought under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding traces back to an application heard on June 3, 2025, brought by the Companies' secured lender, the Royal Bank of Canada. Assignments for the two companies were filed on March 23, 2026. The matter is carried under court file numbers 35-3349896 and 35-3349901 and CV-25-00000211-0000. The receivership remains active.
The court granted an approval and vesting order for the sale to the Debtors' right, title and interest in and to the property purchased by such respective Purchaser at the Auction. Closing terms, as extracted: vesting occurs upon Auctioneer's delivery of a bill of sale to the Purchaser, after receipt of purchase price. Sealed: Confidential Supplement and Confidential Appendix.
Source: Approval and Vesting Order
The officer filed report no. First Report. The dealership has no ongoing business; employees were terminated on June 6, 2025. The Receiver has secured the premises and vehicle inventory (71 sellable and 79 scrap vehicles) and proposes an auction liquidation through Impact Auto Auctions. It has not yet taken possession of the real property, where a Phase II environmental assessment has been recommended. Court file CV-25-00000211-0000.
The court appointed MNP Ltd. as receiver, on the application of ROYAL BANK OF CANADA. Court file CV-25-00000211-0000.
Source: Order of Justice McSweeney
Debtor
Eknors Auto Inc. and 12078503 Canada Inc.
Receiver
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 casesListed under 'Secured Creditors' in the List of Creditors; deemed-trust class claim. — debtor: Eknors Auto Inc. and 12078503 Canada Inc. | $295K | 245 Notice and Statement of Receiver |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
106 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis 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.
Approval pending — Receiver requested liquidation proposals and accepted an offer from IAA for sale by auction of the vehicle inventory, subject to Court approvalFirst Report of Trustee with Appendices · 30 Jul 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| end purchasers at Auction, unnamedthe Debtors' right, title and interest in and to the property purchased by such respective Purchaser at the Auction · auction | Subscribers | Approved26 Aug 2025 | Approval and Vesting Order |
Unsecured creditors: no distribution. CRA paid in full · Royal Bank of Canada short.EstimatedPreliminary Report of Trustee 12078503 Canada Inc and Eknors Auto Inc · 10 Apr 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | CRA | — | paid in full | Estimatedper the trustee | Preliminary Report of Trustee 12078503 Canada Inc and Eknors Auto Inc · 10 Apr 2026 |
| Secured | Royal Bank of Canada | — | shortfall | Estimatedper the receiver | Preliminary Report of Trustee 12078503 Canada Inc and Eknors Auto Inc · 10 Apr 2026 |
| Unsecured | — | — | no distributionconditional | Estimatedper the trustee | Preliminary Report of Trustee 12078503 Canada Inc and Eknors Auto Inc · 10 Apr 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.
1 engagement · 1 firm — Soloway Wright LLP, 3 Jun – 15 Jul 2025, soughtFirst Report of Trustee with Appendices · 30 Jul 2025
| Firm | Period | Hours | Fees | Rates | Source | ||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Soloway Wright LLPCounsel | 3 Jun – 15 Jul 2025Sought | 4 people | First Report of Trustee with Appendices · 30 Jul 2025 | ||||||||||||||||||||||||||||||||
4 people — Soloway Wright LLP, 3 Jun – 15 Jul 2025 · 15 blurred figures
| |||||||||||||||||||||||||||||||||||
18 blurred figures above
What the firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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See all plansCumulative receipts
$169K
As at 24 Jul 2025First Report of Trustee with Appendices
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Preliminary Report of Trustee 12078503 Canada Inc and Eknors Auto Inc
| PDF · Subscribers | |
12078503 Canada Creditors Package
| PDF · Subscribers | |
Eknors Auto Creditors Package
| PDF · Subscribers | |
| 12078503 Canada Certificate of Appointment | PDF · Subscribers | |
| Eknors Certificate of Appointment | PDF · Subscribers | |
Ancillary Order
| PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
First Report of Trustee with Appendices
| PDF · Subscribers | |
245 Notice and Statement of Receiver
| PDF · Subscribers | |
Endorsement
| PDF · Subscribers | |
Order of Justice McSweeney
| 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., “Eknors Auto Inc. and 12078503 Canada Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/eknors-auto-inc-and-12078503-canada-inc