Proceedings.

FT EnE Canada Inc.

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Active
Proceeding
ProposalBIA Div. I
Court
Ontario Superior Court of Justice
File
32-2480036
Filings held38
Last activity7 Oct 2019
On the record2,740 days
OverviewSummary updated

FT EnE Canada Inc. has been in Division I proposal proceedings under the Bankruptcy and Insolvency Act since March 22, 2019, with MNP Ltd. acting as Licensed Insolvency Trustee and the matter carried on the Ontario Superior Court of Justice (Commercial List) under court file no. 32-2480036. The Form 33 list of creditors with claims of $250 or more, as at the notice of intention filing date, is dominated by a related-party claim of $6,052,162.47 owed to FT EnE Inc, a South Korean parent or affiliate, and $1,863,455.07 owed to Royal Bank of Canada. Other listed unsecured claims are far smaller, including $29,393.59 to the County of Brant and a $3,500 regulatory claim by the Workplace Safety and Insurance Board. The proceeding remains active.

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Case updates38 dated entries
#Report

The officer filed report no. Supplementary Report to the Report of Trustee on Proposal (the Fifth Report to the Court). The Proposal Trustee reports the Company has fulfilled funding for outstanding administrative fees and expenses, provided additional requested information to FTEI, and FTEI has arranged a site inspection of the Real Property, all as required under the Amended Proposal.

Source: Supplementary to Fifth Report- dated September 13, 2019

#Sale

The court granted an approval and vesting order for the sale to Edwards Protech Ltd. Closing terms, as extracted: Vesting effective upon delivery of Trustee's Certificate confirming payment of Purchase Price, satisfaction/waiver of closing conditions, and completion of the Transaction.

Source: Approval and Vesting Order of Justice Penny, dated June 7, 2019

Parties

Debtor

FT EnE Canada Inc.

Proposal trustee

MNP

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice PennyOntario Superior Court of Justice8 orders, May 2019 – Oct 2019179 cases on record

Counsel of record

PartyCounselFirst seenSource
DebtorFT EnE Canada Inc.Blaney McMurtry LLP28 Mar 2019Application · 28 Mar 2019
CreditorFinetex, EnE, IncBAKER & McKENZIE LLP5 Jun 2019Factum · 5 Jun 2019
Capital structureAs asserted in the filings
stated amounts, drawn to scale
Priority classCreditorAmountSource
UnsecuredFT EnE Incas of NOI filing date — Related party (parent/affiliate, South Korea) — debtor: FT ENE Canada Inc.$6.05MNotice to Creditors of NOI dated March 5, 2019
UnsecuredRoyal Bank of Canada · in 556 casesas of NOI filing date — debtor: FT ENE Canada Inc.$1.86MNotice to Creditors of NOI dated March 5, 2019
UnsecuredCounty of Brantas of NOI filing date — debtor: FT ENE Canada Inc.$29.4KNotice to Creditors of NOI dated March 5, 2019
UnsecuredFiltration Technologies Internationalas of NOI filing date — debtor: FT ENE Canada Inc.$8.3KNotice to Creditors of NOI dated March 5, 2019
UnsecuredTLS - Truck Load Services Incas of NOI filing date — debtor: FT ENE Canada Inc.$8.27KNotice to Creditors of NOI dated March 5, 2019
UnsecuredBDO Canada LLP · in 36 casesas of NOI filing date — debtor: FT ENE Canada Inc.$5KNotice to Creditors of NOI dated March 5, 2019
UnsecuredWood Enviroment & Infastructure Solutionsas of NOI filing date — debtor: FT ENE Canada Inc.$4.4KNotice to Creditors of NOI dated March 5, 2019
UnsecuredHub International · in 10 casesas of NOI filing date — debtor: FT ENE Canada Inc.$4.2KNotice to Creditors of NOI dated March 5, 2019
UnsecuredWorkplace Safety and Insurance Board c/o Collection Services · in 3 casesas of NOI filing date — regulatory — debtor: FT ENE Canada Inc.$3.5KNotice to Creditors of NOI dated March 5, 2019
UnsecuredStuart Hunt and Associatesas of NOI filing date — debtor: FT ENE Canada Inc.$3.37KNotice to Creditors of NOI dated March 5, 2019
UnsecuredIBC Computersas of NOI filing date — debtor: FT ENE Canada Inc.$3.34KNotice to Creditors of NOI dated March 5, 2019
UnsecuredKings Wood Products · in 3 casesas of NOI filing date — debtor: FT ENE Canada Inc.$3.14KNotice to Creditors of NOI dated March 5, 2019
UnsecuredR.K. Custom Fabrication & Weldingas of NOI filing date — debtor: FT ENE Canada Inc.$3.11KNotice to Creditors of NOI dated March 5, 2019
UnsecuredWaste Connections Of Canada Inc. · in 49 casesas of NOI filing date — debtor: FT ENE Canada Inc.$1.16KNotice to Creditors of NOI dated March 5, 2019
UnsecuredHome Depot Credit Services · in 13 casesas of NOI filing date — debtor: FT ENE Canada Inc.$1.16KNotice to Creditors of NOI dated March 5, 2019
UnsecuredGerrie Electric Wholesale Ltdas of NOI filing date — debtor: FT ENE Canada Inc.$736Notice to Creditors of NOI dated March 5, 2019
UnsecuredCR Strapping Incas of NOI filing date — debtor: FT ENE Canada Inc.$726Notice to Creditors of NOI dated March 5, 2019
UnsecuredImperial Oil · in 29 casesas of NOI filing date — debtor: FT ENE Canada Inc.$462Notice to Creditors of NOI dated March 5, 2019
UnsecuredBell · in 27 casesas of NOI filing date — debtor: FT ENE Canada Inc.$320Notice to Creditors of NOI dated March 5, 2019
Sale processAs stated in the filings

2 transactions · 1 approved · 1 not completed — Approval and Vesting Order issued authorizing sale of the Real Property to the purchaser identified through the SISPReport to Court re Court Approval (Returnable September 18, 2019) dated… · 18 Sep 2019

Parties solicited

49

Second Report of the Proposal Trustee (Returnable May…

NDAs signed

23

Second Report of the Proposal Trustee (Returnable May…

PurchaserPriceStatusSource
Edwards Protech Ltd.the Company's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: 1411334 ontario inc. · agreement 15 May 2019not statedApproved7 Jun 2019Approval and Vesting Order of Justice Penny,…
1411334 Ontario Inc.the Purchased Assets · asset sale · nominee/assignee: 1411334 Ontario Inc. · agreement 15 May 2019not statedNot completeddate not statedFourth Report of the Proposal Trustee…
AdvisorsColliers (listing broker)Second Report of the Proposal Trustee (Returnable May 3, 2019) dated…
Closing termsVesting effective upon delivery of Trustee's Certificate confirming payment of Purchase Price, satisfaction/waiver of closing conditions, and completion of the TransactionApproval and Vesting Order of Justice Penny, dated June 7, 2019
RecoveriesAs stated in the filings

Unsecured creditors: paid in full. National Bank of Canada short.Under the plan · sanctionedReport to Court re Court Approval (Returnable September 18, 2019) · 18 Sep 2019

ClassCreditorClaimsRecoveryBasisSource
SecuredNational Bank of Canada—shortfall—Book of Authorities of Moving Party, Finetex, EnE, Inc. · 5 Jun 2019
LandlordLandlord Guarantee Creditors—paid in fullUnder the plansanctionedBook of Authorities (Motion returnable September 16, 2019) · 16 Sep 2019
Preferred——no distributionUnder the plansanctionedper the proposal trusteeSupplementary to Fifth Report · 13 Sep 2019
Unsecured——paid in fullUnder the plansanctionedper the proposal trusteeReport to Court re Court Approval (Returnable September 18, 2019) · 18 Sep 2019
UnsecuredRelated Party Creditors who have subordinated their claimrelated party—no distributionUnder the plansanctionedper the trusteeNotice to Creditors (Creditors Package) · 13 Aug 2019
Equity——no distributionUnder the plansanctionedBook of Authorities (Motion returnable September 16, 2019) · 16 Sep 2019

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

2 engagements · 2 firms — latest: MNP Ltd., 19 Feb – 31 Mar 2019Second Report of the Proposal Trustee (Returnable May 3, 2019) · 3 May 2019

FirmPeriodHoursFeesRatesSource
MNP Ltd.Trustee19 Feb – 31 Mar 2019Sought——$407.71stated averageSecond Report of the Proposal Trustee (Returnable May 3, 2019) · 3 May 2019
Pallett Valo LLPCounselthe PeriodSought—$68,572.64$491.14stated averageSupplementary to Fifth Report · 13 Sep 2019
Estate financialsReported figures — never derived
Total assets at filing$2.19M
Total liabilities at filing$82.4K

As at 2 Aug 2019 · per Statement of Affairs; estimated realizable values · entity - FT EnE Canada Inc. — Assets per SOA: Inventory $100,000; Accounts receivable (net) $368,149; Refunds - SIMA and HST $200,000; Cash in Bank $387,522; Cash collateral held by RBC $50,000; Trust account - Blaneys $50,000; Trust account - MNP re S.65.13(8) $36,000; Vehicles - Ford F150 $500; Machinery, equipment and plant $1,000,000. Creditors per SOA: Secured $36,001; Preferred $0; Unsecured $46,430; Contingent/trust/other $1. Unsecured creditors figure includes $1 owing to FTEI which the Trustee notes 'is not necessarily reflective of the actual amount owing to FTEI' as FTEI's NOI showed ~$6 million owing.

Professional fees to date

$132K

As at 13 Sep 2019Supplementary to Fifth Report- dated September 13, 2019

Documents
38 filings
DateDocumentFile
Endorsement of Justice Penny (Approval of Proposal) dated October 7, 2019
  • Presiding officer Justice Penny
PDF
Order Justice Penny (Approval of Proposal) dated October 7, 2019
  • Presiding officer Justice Penny
PDF
Report to Court re Court Approval (Returnable September 18, 2019) dated September 6, 2019
  • Financial position Assets $1.82M · per Estimated realizable value as per the Company's Statement of Affairs (SOA) · entity-level – FT EnE Canada Inc. — No total liabilities figure given; per SOA components: Secured $36,001.00, Preferred NIL, Unsecured $46,430.43, Contingent $1.00. Claims filed as at September 3, 2019 differ: Secured NIL, Preferred NIL, Unsecured $7,548,566.26, Contingent NIL.
  • Operational summary The Company continues to operate and employ its 15 employees while the proposal proceedings continue amid an ongoing management dispute with its parent, FTEI; its real property has already been sold and the proceeds used mainly to repay RBC.
  • Recovery outcome Entries: per plan; per plan · Table missing:
  • Report date 6 September 2019
  • + 1 more extracted fact
PDF
Factum and Book of Authorities of the Proposal Trustee (Returnable September 18 2019) dated September 17, 2019PDF
Book of Authorities (Motion returnable September 16, 2019) dated September 25, 2019
  • Recovery outcome Entries: per plan; per plan; per estimated; per liquidation_alternative; per plan · Table missing:
PDF
Supplementary to Fifth Report- dated September 13, 2019
  • Fee schedule Engagements: Form: invoice_listing · Rows: · Money: Fees: $68.6K · Quote: Total Fees · Approximate: false · Period: Kind: invoice · Label: the Period · Quote: Calculation of Average Hourly Billing Rates of Pallett VaIo LLP for the Period · Approval: State: unstated · Averages: — · Currency: · Invoices: Tax: 1386.06 · Date: 2019-06-28 · Fees: 10656 · Quote: June 28,2019 | $10,656.00 | $6 | $ 1,386.06 | $sss.00 | $12,048.06 · Total: 12048.06; Tax: 1843.47 · Date: 2019-07-31 · Quote: July 31,2019 | sr6,023.97 | $6 | $1,843.47 | $281.2s | $16,023.97 · Total: 16023.97; Tax: 4659.36 · Date: 2019-08-31 · Fees: 35829.5 · Quote: August 2019 31, | $35,829.50 | $11.7s | $4,659.36 | $391.2s | $40,500.61 · Total: 40500.61 · Disbursements: 11.75 · Firm text: Pallett Valo LLP · Firm quote: The fee affidavit of Pallett Valo LLP sworn September 13,2019 · Context quote: Calculation of Average Hourly Billing Rates of Pallett VaIo LLP for the Period
  • Operational summary The Proposal Trustee reports the Company has fulfilled funding for outstanding administrative fees and expenses, provided additional requested information to FTEI, and FTEI has arranged a site inspection of the Real Property, all as required under the Amended Proposal.
  • Professional fees $132K · Note: Amount is inclusive of HST; PV's (legal counsel) statements of accounts for the same general period totaled $68,572.64, also inclusive of HST · Party: MNP Ltd. (Proposal Trustee) · Period: June 3, 2019 to August 31, 2019
  • Recovery outcome Entries: per plan · Stated on: 2019-09-13 · Table missing:
  • + 2 more extracted facts
PDF
Responding Record and Cross-Motion of the Moving Party, Finetex, EnE Inc. (Returnable September 18 2019 ), dated September 11, 2019PDF
Motion Record (Returnable September 18 2019 ) dated September 10, 2019PDF
Amended Proposal - Blacklined dated August 29, 2019
  • Recovery outcome Entries: per plan; per plan · Stated on: 2019-08-02 · Table missing:
PDF
Amended Proposal dated August 29, 2019PDF
Notice to Creditors (Creditors Package) dated August 13, 2019
  • Recovery outcome Entries: per plan; per plan; per plan; per plan · Stated on: 2019-08-13 · Table missing:
PDF
Report of Trustee to the Creditors dated August 13, 2019
  • Financial position Assets $2.19M · Liabilities $82.4K · as at 2 Aug 2019 · per Statement of Affairs; estimated realizable values · entity - FT EnE Canada Inc. — Assets per SOA: Inventory $100,000; Accounts receivable (net) $368,149; Refunds - SIMA and HST $200,000; Cash in Bank $387,522; Cash collateral held by RBC $50,000; Trust account - Blaneys $50,000; Trust account - MNP re S.65.13(8) $36,000; Vehicles - Ford F150 $500; Machinery, equipment and plant $1,000,000. Creditors per SOA: Secured $36,001; Preferred $0; Unsecured $46,430; Contingent/trust/other $1. Unsecured creditors figure includes $1 owing to FTEI which the Trustee notes 'is not necessarily reflective of the actual amount owing to FTEI' as FTEI's NOI showed ~$6 million owing.
  • Recovery outcome Entries: per plan; per plan · Table missing:
PDF
Proposal dated August 2, 2019
  • Recovery outcome Entries: per plan; per plan; per plan · Table missing:
PDF
Endorsement of Justice Conway (Case Conference re: production of records) dated July 22, 2019
  • Presiding officer Justice Conway
PDF
Endorsement of Justice Penny (extension to file to July 8, 2019) dated June 24, 2019
  • Presiding officer Justice Penny
PDF
Endorsement of Justice Penny (Motion of Moving Party, Finetex, EnE Inc.) dated June 27, 2019
  • Presiding officer Justice Penny
PDF
Fourth Report of the Proposal Trustee (Returnable June 24, 2019) dated June 21, 2019
  • Closing confirmed Did not complete · date not stated · 1411334 Ontario Inc.
  • Purchaser 1411334 Ontario Inc. · nominee/assignee 1411334 Ontario Inc. · the Purchased Assets · asset sale · approved
  • Sale outcome Sale approved — Transaction approved by court, scheduled to close June 21, 2019, but not yet closed as of report writing
PDF
Motion Record (returnable June 24, 2019) dated June 18, 2019
  • Counsel Blaney McMurtry LLP
PDF
Order of Justice Penny (extension to file to June 24, 2019), dated May 3, 2019PDF
Approval and Vesting Order of Justice Penny, dated June 7, 2019
  • Closing terms Vesting effective upon delivery of Trustee's Certificate confirming payment of Purchase Price, satisfaction/waiver of closing conditions, and completion of the Transaction
  • Order date 7 June 2019
  • Purchaser Edwards Protech Ltd. · nominee/assignee 1411334 ontario inc. · the Company's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • Sale outcome Sale approved — sale transaction approved and vesting order granted
PDF
Corollary Order of Justice Penny , dated June 7, 2019
  • Presiding officer Justice Penny
PDF
Endorsement of Justice Penny re AVO and Corollary Relief, dated June 7, 2019PDF
Third Report of the Proposal Trustee (Returnable June 7, 2019) dated June 6, 2019PDF
Book of Authorities of Moving Party, Finetex, EnE, Inc., dated June 5, 2019
  • Recovery outcome Entries: per unstated · Table missing:
PDF
Factum of Moving Party, Finetex, EnE, Inc., dated June 5, 2019
  • Counsel Baker & McKenzie LLP
PDF
Motion Record dated June 4, 2019PDF
Motion Record of the Moving Party, Finetex, EnE Inc., dated June 4, 2019PDF
Endorsement of Justice Penny, dated May 21, 2019
  • Presiding officer Justice Penny
PDF
Order of Justice Penny (extension to file to May 10, 2019), dated March 28, 2019
  • Presiding officer Justice Penny
PDF
Endorsement of Justice Penny, dated May 3, 2019
  • Presiding officer Justice Penny
PDF
Motion Record (returnable May 3, 2019) dated April 30, 2019
  • Applicant FT ENE Canada Inc.
  • Counsel Blaney McMurtry LLP
  • Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Court file no 32-2480036
  • + 1 more extracted fact
PDF
Second Report of the Proposal Trustee (Returnable May 3, 2019) dated May 2, 2019
  • Fee schedule Engagements: Form: invoice_listing · Rows: · Money: Approximate: false · Period: End: 2019-03-31 · Kind: invoice · Quote: For the period from 19 February 2019 to 31 March 2019, ln connection with us acting as Licensed lnsolvency Trustee in re the proposal of FT EnE Canada lnc. · Start: 2019-02-19 · Approval: Quote: Approving the professional fees and disbursements of the Proposal Trustee and PV · State: sought · Averages: — · Currency: · Invoices: · Firm text: MNP Ltd. · Firm quote: SECOND REPORT TO THE COURT SUBMITTED BY MNP LTD., IN ITS CAPACITY AS TRUSTEE IN RE THE PROPOSAL OF FT ENE CANADA INC. · Context quote: IN ITS CAPACITY AS TRUSTEE IN RE THE PROPOSAL OF FT ENE CANADA INC.; Form: invoice_listing · Rows: · Money: Approximate: false · Period: Kind: cumulative · Label: Appointment Period · Quote: The average hourly rate during the Appointment Period was $491.14. · Approval: Quote: Approving the professional fees and disbursements of the Proposal Trustee and PV · State: sought · Averages: — · Currency: · Invoices: · Firm text: Pallett Valo LLP · Firm quote: Lawyers for MNP Limited · Context quote: Approving the activities of the Proposal Trustee and legal counsel, Pallett Valo LLP ("PV"), as set out this Reporl
  • Process results 49 solicited · 23 NDAs · as of 24 Apr 2019
  • Sale advisor Colliers Macaulay Nicolls Inc. (listing broker)
  • Sale outcome Liquidation in progress — SISP is still in progress, no binding offers exist as of this report
PDF
Endorsement of Justice Penny, dated March 28, 2019PDF
First Report of the Proposal Trustee (Returnable March 28, 2019) dated March 26, 2019PDF
Revised proposed Order (re: Motion returnable March 28, 2019) – Blacklined VersionPDF
Sales Process, Extension to file a Proposal, Motion Record (returnable March 28, 2019) dated March 22, 2019
  • Applicant FT ENE Canada Inc.
  • Appointee MNP Ltd.
  • Appointee role Licensed Insolvency Trustee
  • Commencement date 22 March 2019
  • + 4 more extracted facts
PDF
Notice to Creditors of NOI dated March 5, 2019
  • Unsecured creditors $1.16K · Page: 4 · As of: NOI filing date · Basis: List of Creditors with claims of $250 or more (Form 33) · Debtor: FT ENE Canada Inc. · Creditor: Home Depot Credit Services
PDF
Certificate of Filing of NOIPDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “FT EnE Canada Inc.” (Proposal), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/ft-ene-canada-inc

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Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/ft-ene-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.