Proceedings.

Eknors Auto Inc. and 12078503 Canada Inc.

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Active
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
Filings held11
Last activity26 Mar 2026
On the record475 days
OverviewSummary updated

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.

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Case updates11 dated entries

8 earlier updates, back to 3 June 2025 subscribers.

Parties

Debtor

Eknors Auto Inc. and 12078503 Canada Inc.

Receiver

MNP

Capital structureAs asserted in the filings
Priority classCreditorAmountSource
Deemed trusts (CRA and other)Canada Revenue Agency · in 926 casesListed under 'Secured Creditors' in the List of Creditors; deemed-trust class claim. — debtor: Eknors Auto Inc. and 12078503 Canada Inc.$295K245 Notice and Statement of 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.

106 more claims across lower-ranking classesSubscribe to view
Sale processAs stated in the filings

Approval pendingReceiver 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

PurchaserPriceStatusSource
end purchasers at Auction, unnamedthe Debtors' right, title and interest in and to the property purchased by such respective Purchaser at the Auction · auctionSubscribersApproved26 Aug 2025Approval and Vesting Order
AdvisorsImpact Auto Auctions, Ltd. d/b/a IAA Canada (auctioneer); Impact Auto Auctions, Ltd. doing business as IAA Canada (auctioneer)Approval and Vesting Order
Closing termsvesting occurs upon Auctioneer's delivery of a bill of sale to the Purchaser, after receipt of purchase priceApproval and Vesting Order
Sealed materialsConfidential Supplement and Confidential AppendixApproval and Vesting Order
RecoveriesAs stated in the filings

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

ClassCreditorClaimsRecoveryBasisSource
Deemed trustCRApaid in fullEstimatedper the trusteePreliminary Report of Trustee 12078503 Canada Inc and Eknors Auto Inc · 10 Apr 2026
SecuredRoyal Bank of CanadashortfallEstimatedper the receiverPreliminary Report of Trustee 12078503 Canada Inc and Eknors Auto Inc · 10 Apr 2026
Unsecuredno distributionconditionalEstimatedper the trusteePreliminary 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.

Fees and ratesAs stated in the filings

1 engagement · 1 firmSoloway Wright LLP, 3 Jun – 15 Jul 2025First Report of Trustee with Appendices · 30 Jul 2025

FirmPeriodHoursFeesRatesSource
Soloway Wright LLPCounsel3 Jun – 15 Jul 2025Sought4 peopleFirst Report of Trustee with Appendices · 30 Jul 2025
22 stated figures across 1 engagement, each sourcedSubscribe to view
Documents
11 filings
DateDocumentFile
Preliminary Report of Trustee 12078503 Canada Inc and Eknors Auto Inc
  • Commencement date 23 March 2026
  • Court file no 35-3349896 and 35-3349901
  • Province Ontario
  • Financial position Subscribers
  • + 1 more extracted fact
PDF · Subscribers
12078503 Canada Creditors PackagePDF · Subscribers
Eknors Auto Creditors PackagePDF · Subscribers
12078503 Canada Certificate of AppointmentPDF · Subscribers
Eknors Certificate of AppointmentPDF · Subscribers
Ancillary Order
  • Presiding officer Justice Chang
PDF · Subscribers
Approval and Vesting Order
  • Closing terms vesting occurs upon Auctioneer's delivery of a bill of sale to the Purchaser, after receipt of purchase price
  • Purchaser end purchasers at Auction, unnamed · the Debtors' right, title and interest in and to the property purchased by such respective Purchaser at the Auction · auction · approved
  • Sale advisor Impact Auto Auctions, Ltd. doing business as IAA Canada (auctioneer)
  • Sealed items Confidential Supplement and Confidential Appendix
  • + 1 more extracted fact
PDF · Subscribers
First Report of Trustee with Appendices
  • Applicant ROYAL BANK OF CANADA
  • Appointee MNP Ltd.
  • Appointee role receiver and manager
  • Commencement date 3 June 2025
  • + 9 more extracted facts
PDF · Subscribers
245 Notice and Statement of Receiver
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Endorsement
  • Presiding officer Justice L. McSweeney
PDF · Subscribers
Order of Justice McSweeney
  • Applicant ROYAL BANK OF CANADA
  • Appointee MNP Ltd.
  • Appointee role receiver
  • Commencement date 3 June 2025
  • + 5 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., “Eknors Auto Inc. and 12078503 Canada Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/eknors-auto-inc-and-12078503-canada-inc

Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/eknors-auto-inc-and-12078503-canada-inc

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.