Proceedings.

Harwell Hesco Electric Supply Co. Limited

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Closed
Proceeding
Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
File
CV-09-8035-00CL
Filings held15
Last activity16 May 2016
On the record6,412 days
Secured debt$39.8K
OverviewSummary updated

Harwell Hesco Electric Supply Co. Limited has been under court-appointed receivership since March 2, 2009, when the Ontario Superior Court of Justice (Commercial List) appointed Deloitte & Touche Inc. as Receiver on the application of HSBC Bank Canada, which holds first priority over the Company's assets, in file CV-09-8035-00CL. The Receiver's interim statement under s. 246(2) of the BIA, covering March 2 to August 31, 2009, reported receipts of $2,401,614.08 less a $39,832.46 s. 81.4 super-priority wage claim paid to employees, disbursements of $365,391.93 and an excess of receipts over disbursements of $1,996,389.69. Fourteen creditors had registered security against the Company's assets; five others had filed proofs of claim and no distributions had been made to any secured creditor. Unrealized property included the $480,000 balance of Danbury Industrial's $840,000 net minimum guarantee, which Danbury has refused to pay and is litigating. The proceeding is closed.

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A claims procedure has been established — see the order for deadlines.

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Case updates8 dated entries · 7 undated
Undated filings7 — no date appears on the document · show
Report

Creditor mailing package Court officer report filed

PDF

Report

First Report of the Interim Receiver and Receiver Court officer report filed

PDF

Claims

Notice and Statement of Receiver Claims process approved

PDF

Claims

Notice of Bankruptcy Claims process approved

PDF

Claims

Proof of Claim form Claims process approved

PDF

Report

Second Report of the Interim Receiver and Receiver Court officer report filed

PDF

Report

Trustee’s Preliminary Report Court officer report filed

PDF

Parties

Debtor

Harwell Hesco Electric Supply Co. Limited

Receiver

Deloitte

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice PepallOntario Superior Court of Justice3 orders, Mar 200919 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverDeloitteBAKER & McKENZIE LLP28 Oct 2009Order · 28 Oct 2009
Capital structureAs asserted in the filings
stated amounts, drawn to scale · 1 named without a figure
#Priority classCreditorAmountSource
3Deemed trusts (CRA and other)Canada Revenue Agency · in 926 casesProof of property claim (deemed-trust class) following CRA's completed payroll audit. — Stated as “approximately $8,200” — an approximation, not an exact balance; CRA advised it WILL BE FILING the claim. — debtor: Harwell Hesco Electric Supply Co. Limited$8.2KInterim Statement of Receiver (Subsection 246(2))
4SecuredEmployees (WEPPA s.81.4 super-priority wage claim) · in 185 casesSuper-priority charge on current assets under BIA s.81.4, stated in the Interim Statement of Receipts and Disbursements. — Wage arrears PAID by the Receiver out of receipts. The vacation-pay portion of the super-priority claim was estimated at a further $16,500. — debtor: Harwell Hesco Electric Supply Co. Limited · as of 31 Aug 2009$39.8KInterim Statement of Receiver (Subsection 246(2))
4SecuredHSBC Bank Canada · in 54 casesFirst priority over the assets of the Company; the Receiver was appointed on HSBC's application. — No amount is stated in this interim s.246(2) statement. “Fourteen creditors had registered a security interest against the assets of the Company”; as of the report date only five others had filed a proof of claim, and no distributions had been made to any secured creditor. — debtor: Harwell Hesco Electric Supply Co. LimitedInterim Statement of Receiver (Subsection 246(2))

“not stated” means the record names the claim without a figure; “” means not in the extracted record.

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.

RecoveriesAs declared or paid

Unsecured creditors: no distribution. HSBC Bank Canada short.Motion Record dated April 29, 2016 (returnable May 16, 2016) of Baker… · 12 Apr 2016

ClassCreditorClaimsRecoveryBasisSource
SecuredHSBC Bank CanadashortfallFinalper the receiverMotion Record dated April 29, 2016 (returnable May 16, 2016) of Baker… · 12 Apr 2016
Unsecuredno distributionper the receiverMotion Record dated April 29, 2016 (returnable May 16, 2016) of Baker… · 12 Apr 2016

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 firmDeloitte & Touche Inc., to 18 Feb 2016, $377,437.30 in feesMotion Record dated April 29, 2016 (returnable May 16, 2016) of Baker… · 29 Apr 2016

FirmPeriodHoursFeesRatesSource
Deloitte & Touche Inc.Interim receiverto 18 Feb 20161,098.5$377,437.30$343.59stated averageMotion Record dated April 29, 2016 (returnable May 16, 2016) of Baker… · 29 Apr 2016
Documents
15 filings
DateDocumentFile
Discharge OrderPDF
Motion Record dated April 29, 2016 (returnable May 16, 2016) of Baker McKenzie LLP Including the Receiver's Third and Final Report to Court dated April 12, 2016
  • Fee schedule Engagements: Form: prose · Rows: · Money: Fees: $377K · Quote: 1,098.5 hours and $377,437.30 resulting in an average billing rate per hour of $343.59 · Approximate: false · Period: End: 2016-02-18 · Kind: cumulative · Quote: for the period ending February 18, 2016, which incJudes an accrual for costs of Court approval and finalization of the estate · Approval: State: unstated · Averages: — · Currency: · Invoices: · Firm text: Deloitte & Touche Inc. · Firm quote: Deloitte & Touche Inc. in its Capacity as the Court-appointed Interim Receiver and Receiver of Harwell Hesco Electric Supply Co. Limited · Hours total: Quote: 1,098.5 hours and $377,437.30 resulting in an average billing rate per hour of $343.59 · Value: 1098.5 · Context quote: in its Capacity as the Court-appointed Interim Receiver and Receiver of Harwell Hesco Electric Supply Co. Limited
  • Recovery outcome Entries: per actual; per unstated · Stated on: 2016-04-12 · Table missing:
PDF
Distribution Order
  • Counsel BAKER & McKENZIE LLP
PDF
Interim Statement of Receiver (Subsection 246(2))
  • Financial position as at 31 Aug 2009 · per Interim Statement of Receiver (s.246(2) BIA), Deloitte & Touche Inc., for the period March 2, 2009 to August 31, 2009 — receiver-side accounting, not a balance sheet of the Company. · Harwell Hesco Electric Supply Co. Limited — unrealized property and receivership receipts — No debtor balance sheet is stated. Unrealized property: the $480,000 balance of Danbury Industrial's $840,000 net minimum guarantee (Danbury has refused payment and sued, alleging the inventory cost was overstated; the Receiver is defending); $210,434.53 owed by Mr. Laurie P. Vassallo on life-insurance proceeds (of an original $1,010,434.53, $800,000 repaid; Ms. Angela Vassallo has filed a claim asserting entitlement); accounts receivable of ~$851,000 book value (~$585,000 at collection; one customer owing $266,000 claims a $175,000 set-off); and two life-insurance policies with cash surrender value of $572,000, transferred to J.G. Vassallo without the Receiver's consent and being transferred back. Receipts to August 31, 2009 were $2,401,614.08, less the $39,832.46 s.81.4 claim; disbursements $365,391.93; excess of receipts over disbursements $1,996,389.69.
  • Secured creditors Note: No amount is stated in this interim s.246(2) statement. “Fourteen creditors had registered a security interest against the assets of the Company”; as of the report date only five others had filed a proof of claim, and no distributions had been made to any secured creditor. · Page: 2 · Debtor: Harwell Hesco Electric Supply Co. Limited · Creditor: HSBC Bank Canada · Currency: CAD · Security: First priority over the assets of the Company; the Receiver was appointed on HSBC's application.
PDF
Approval and Vesting Order
  • Presiding officer Justice Pepall
PDF
Endorsement of Madam Justice Pepall
  • Presiding officer Justice Pepall
PDF
Receivership Order dated March 2, 2009
  • Commencement date 2 March 2009
  • Court ONTARIO SUPERIOR COURT OF JUSTICE (Commercial List)
  • Court file no CV-09-8035-00CL
  • Presiding officer Justice Pepall
PDF
Opportunity to acquire assets of HarwellPDF
Creditor mailing packagePDF
First Report of the Interim Receiver and ReceiverPDF
Notice and Statement of ReceiverPDF
Notice of BankruptcyPDF
Proof of Claim formPDF
Second Report of the Interim Receiver and ReceiverPDF
Trustee’s Preliminary Report
  • Recovery outcome Entries: per estimated · Stated on: 2009-03-23 · Table missing:
PDF

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

CiteProceedings., “Harwell Hesco Electric Supply Co. Limited” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/harwell-hesco-electric-supply-co-limited

Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/harwell-hesco-electric-supply-co-limited

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.