Proceedings.

Indeed Laboratories Inc.

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Proceeding
ProposalBIA Div. I
Court
Ontario Superior Court of Justice · Commercial List
File
BK-25-03213105-0032
Industry
Manufacturing · Chemicals, plastics & consumer products
Filings held20
Last activity29 Sep 2025
On the record562 days
OverviewSummary updated

Indeed Laboratories Inc. commenced a Division I proposal proceeding under the Bankruptcy and Insolvency Act on April 23, 2025, in the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), Commercial List, under court file number BK-25-03213105-0032. The proceeding is in Ontario and remains active. No further steps in the proceeding are recorded to date.

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Case updates20 dated entries
#Report

The officer filed report no. Second Report. Indeed continues to operate as the Proposal Trustee and Sales Agent prepare and conduct a court-supervised stalking horse sale process for the company's business and assets, funded by interim DIP financing, while communicating with creditors and customers to preserve ongoing operations.

Source: Second Report of Proposal Trustee

#Report

The officer filed report no. Second Report of the Proposal Trustee. Indeed continues to operate as the Proposal Trustee develops and prepares to launch a stalking horse sale process for the Company's business and assets, funded by DIP financing from 370 Ontario, while the Company seeks a stay extension to July 1, 2025.

Source: Third Report of the Proposal Trustee

#Report

The officer filed report no. Second Report. Indeed continues to operate under NOI proceedings, negotiating and finalizing a stalking horse sale process with 370 Ontario while relying on DIP financing to fund ongoing operations and complete a court-supervised sale process for its business and assets.

Source: Fourth Report of the Proposal Trustee

Parties

Debtor

Indeed Laboratories Inc.

Proposal trustee

BDO

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice BlackOntario Superior Court of Justice5 orders, Jun 2025 – Sep 2025198 cases on record
Justice SteeleOntario Superior Court of Justice3 orders, May 2025245 cases on record

Counsel of record

PartyCounselFirst seenSource
DebtorIndeed Laboratories Inc.Chaitons LLP1 May 2025Factum · 1 May 2025
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
3Deemed trusts (CRA and other)Canada Revenue Agency · in 985 casesas of NOI filing date — Source deduction arrears; deemed trust class claim. HST reported as current (no arrears) — debtor: Indeed Laboratories Inc.$8.04KFirst Report of the Proposal Trustee
4Secured
4Secured
8Unsecured
8Unsecured
8Unsecured
8Unsecured

6 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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Sale processAs stated in the filings

Sale process approved — Stalking horse sale process approved with bidding contemplated; Stalking Horse Bid expected to be selected absent superior bidFifth Report of the Proposal Trustee · 23 Sep 2025

Break fee

Subscribers

Sale Process Order - dated May 2, 2025

Stalking horse

1000481370 ONTARIO INC. · Subscribers

Fifth Report of the Proposal Trustee

PurchaserPriceStatusSource
1000481370 Ontario Inc.Credit bidthe business and assets of the Company · asset sale · nominee/assignee: its nominee · agreement 29 Apr 2025SubscribersProposedFifth Report of the Proposal Trustee
AdvisorsBDO Transaction Advisory (sale agent)Fifth Report of the Proposal Trustee
Fees and ratesAs stated in the filings

1 engagement · 1 firm — BDO Canada Limited, 11 Apr – 31 Aug 2025, soughtFifth Report of the Proposal Trustee · 23 Sep 2025

FirmPeriodHoursFeesRatesSource
BDO Canada LimitedTrustee11 Apr – 31 Aug 2025Sought—not statedFifth Report of the Proposal Trustee · 23 Sep 2025

1 blurred figure above

What the firm billed — each as the filing states it, with its source.

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Estate financialsReported figures — never derived

Cash on hand

$187K

As at 27 Apr 2025Fourth Report of the Proposal Trustee

Documents
20 filings
DateDocumentFile
Endorsement - dated September 29, 2025
  • Presiding officer Justice W.D. Black
PDF · Subscribers
Order (Approval and Vesting Order) -dated September 29, 2025
  • Counsel Chaitons LLP
  • Order date 29 September 2025
  • Presiding officer Justice W.D. Black
  • Stalking horse Subscribers
PDF · Subscribers
Motion Record - dated September 24, 2025
  • Recovery outcome Entries: per liquidation_alternative · Stated on: 2025-09-24 · Table missing:
PDF · Subscribers
Fifth Report of the Proposal Trustee
  • Purchaser 1000481370 ONTARIO INC. (credit bid) · the Company's business and assets (the 'Property') · asset sale · proposed
  • Sale advisor BDO Transaction Advisory (sale agent)
  • Fee schedule · Financial position Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Endorsement - dated August 15, 2025
  • Presiding officer Justice W.D. Black
PDF · Subscribers
Order - dated August 15, 2025
  • Counsel Chaitons LLP
  • Presiding officer Justice W.D. Black
PDF · Subscribers
Motion Record - dated August 11, 2025PDF · Subscribers
Fourth Report of the Proposal Trustee
  • Operational summary Indeed continues to operate under NOI proceedings, negotiating and finalizing a stalking horse sale process with 370 Ontario while relying on DIP financing to fund ongoing operations and complete a court-supervised sale process for its business and assets.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Order - dated June 27,2025
  • Counsel Chaitons LLP
  • Presiding officer Justice W.D. Black
PDF · Subscribers
Motion Record - dated June 26, 2025PDF · Subscribers
Third Report of the Proposal Trustee
  • Operational summary Indeed continues to operate as the Proposal Trustee develops and prepares to launch a stalking horse sale process for the Company's business and assets, funded by DIP financing from 370 Ontario, while the Company seeks a stay extension to July 1, 2025.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 8 more extracted facts
PDF · Subscribers
Ancillary Order - dated May 2, 2025
  • Counsel Chaitons LLP
  • Presiding officer Justice Steele
PDF · Subscribers
Endorsement - dated May 2, 2025
  • Presiding officer Justice Steele
PDF · Subscribers
Sale Process Order - dated May 2, 2025
  • Counsel Chaitons LLP
  • Order date 2 May 2025
  • Presiding officer Justice Steele
  • Break fee Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Factum - dated May 1, 2025
  • Counsel Chaitons LLP
PDF · Subscribers
Motion Record (Sale Process) - dated April 30, 2025
  • Applicant Indeed Laboratories Inc.
  • Appointee BDO Canada Limited
  • Appointee role proposal trustee
  • Commencement date 30 April 2025
  • + 3 more extracted facts
PDF · Subscribers
Second Report of Proposal Trustee
  • Operational summary Indeed continues to operate as the Proposal Trustee and Sales Agent prepare and conduct a court-supervised stalking horse sale process for the company's business and assets, funded by interim DIP financing, while communicating with creditors and customers to preserve ongoing operations.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 8 more extracted facts
PDF · Subscribers
Motion Record - dated April 24, 2025
  • Appointee BDO Canada Limited
  • Appointee role Proposal Trustee
  • Commencement date 23 April 2025
  • Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • + 2 more extracted facts
PDF · Subscribers
First Report of the Proposal Trustee
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Letter to CreditorsPDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Indeed Laboratories Inc.” (Proposal), Ontario Superior Court of Justice · Commercial List. Retrieved 5 November 2026, https://proceedings.ca/case/indeed-laboratories-inc

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Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/indeed-laboratories-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.