#Order
Order (Approval and Vesting Order) -dated September 29, 2025 was filed.
Source: Order (Approval and Vesting Order) -dated September 29, 2025
Indeed Laboratories Inc.
FollowActive
- Proceeding
- ProposalBIA Div. I
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- BK-25-03213105-0032
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.
Proceedings AIAsk this case — answers cite the filings
Case updates20 dated entries
17 earlier updates, back to 23 April 2025 — subscribers.
Parties
Debtor
Indeed Laboratories Inc.
Proposal trustee
BDO
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Black | Ontario Superior Court of Justice | 5 orders, Jun 2025 – Sep 2025 | 176 cases on record |
| Justice Steele | Ontario Superior Court of Justice | 3 orders, May 2025 | 220 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorIndeed Laboratories Inc. | Chaitons LLP | 1 May 2025 | Factum · 1 May 2025 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | 1000481370 Ontario Inc. ("370 Ontario")General security agreement and secured convertible debenture against all Company assets, registered under the PPSA (Ontario); includes a $1,000,000 principal component (plus accruing interest) subject to a secured convertible debenture — Approximate amount ("370 Debt"); related party - Michael B. Davidson, sole director/shareholder of the Company, is also sole director and shareholder of 370 Ontario — debtor: Indeed Laboratories Inc. · as of 23 Apr 2025 | $8.6M | First Report of the Proposal Trustee |
6 more claims across lower-ranking classesSubscribe to view
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
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1000481370 Ontario Inc.Stalking horsethe business and assets of the Company · asset sale · nominee/assignee: its nominee · agreement 29 Apr 2025 | Subscribers | Proposed | Sale Process Order - dated May 2, 2025 |
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 2025Fifth Report of the Proposal Trustee · 23 Sep 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| BDO Canada LimitedTrustee | 11 Apr – 31 Aug 2025Sought | — | — | — | Fifth Report of the Proposal Trustee · 23 Sep 2025 |
4 stated figures across 1 engagement, each sourcedSubscribe to view
Estate financialsReported figures — never derived
Cash on hand
$187K
As at 7 Aug 2025Fourth Report of the Proposal Trustee
Documents
20 filings
| Date | Document | File |
|---|---|---|
Endorsement - dated September 29, 2025
| PDF · Subscribers | |
Order (Approval and Vesting Order) -dated September 29, 2025
| PDF · Subscribers | |
| Motion Record - dated September 24, 2025 | PDF · Subscribers | |
Fifth Report of the Proposal Trustee
| PDF · Subscribers | |
Endorsement - dated August 15, 2025
| PDF · Subscribers | |
Order - dated August 15, 2025
| PDF · Subscribers | |
| Motion Record - dated August 11, 2025 | PDF · Subscribers | |
Fourth Report of the Proposal Trustee
| PDF · Subscribers | |
Order - dated June 27,2025
| PDF · Subscribers | |
| Motion Record - dated June 26, 2025 | PDF · Subscribers | |
Third Report of the Proposal Trustee
| PDF · Subscribers | |
Ancillary Order - dated May 2, 2025
| PDF · Subscribers | |
Endorsement - dated May 2, 2025
| PDF · Subscribers | |
Sale Process Order - dated May 2, 2025
| PDF · Subscribers | |
Factum - dated May 1, 2025
| PDF · Subscribers | |
Motion Record (Sale Process) - dated April 30, 2025
| PDF · Subscribers | |
Second Report of Proposal Trustee
| PDF · Subscribers | |
Motion Record - dated April 24, 2025
| PDF · Subscribers | |
First Report of the Proposal Trustee
| PDF · Subscribers | |
| Letter to Creditors | 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., “Indeed Laboratories Inc.” (Proposal), Ontario Superior Court of Justice · Commercial List. Retrieved 20 September 2026, https://proceedings.ca/case/indeed-laboratories-inc