Index Group
- Proceeding
- Bankruptcysection 243(1) of the Bankruptcy and Insolvency Act; and section 101 of the Courts of Justice Act
- File
- CV-23-00698447-00CL
Index Group is in bankruptcy under the BIA, commenced 20 February 2024 in the Ontario Superior Court of Justice (Commercial List), court file CV-23-00698447-00CL. MNP Ltd. acts as receiver and manager, appointed 8 May 2023, when Canadian Western Bank was owed $8,141,405.08 on first ranking security over all of the Property, per a legal opinion of Dickinson Wright LLP. The Receiver's Fifth Report puts net proceeds of realizations of substantially all Property at $1,657,301 as at 31 January 2024, against CWB secured debt of approximately $8.1 million plus accruing interest and costs, and states the Receiver holds $1.7 million, subject to statutory priority claims and CWB's security. CWB's proof of claim, filed as of 2 April 2024, asserts $7,520,314 secured and $1,005,645 unsecured, admissibility not yet determined by the Trustee. Statements of Affairs as at 20 March 2024 report aggregate unsecured claims of $8,375,151 against Index International Inc. and $342,139 against 2700774 Ontario Inc.
Interim order granted on Tuesday, February 20, 2024, the date from which the proceeding is recorded as commencing.
Source: Ontario Court of Justice Court Order re: Consolidated Bankruptcy Filing dated
Debtor
Index Group
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Canadian Western Bank (CWB) · in 83 casesFirst ranking security over all Property, per legal opinion of Dickinson Wright LLP — Amount owing as at Receiver's appointment date; Receiver's Fifth Report to Court (as at Jan 31, 2024) states secured debt of approximately $8.1 million plus accruing interest and costs; Proof of Claim filed by CWB as of April 2, 2024 claims $7,520,314 secured and $1,005,645 unsecured, admissibility not yet determined by Trustee — debtor: Index Group (collectively) · as of 8 May 2023 | $8.14M | Trustee's Preliminary Report dated |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
11 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no distribution. Canadian Western Bank short.EstimatedTrustee's Preliminary Report dated · 2 Apr 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredCWB | Canadian Western Bank | — | shortfall | Estimatedper the trustee | Trustee's Preliminary Report dated · 2 Apr 2024 |
| Unsecured | creditors whose claims are subordinate to CWB | — | no distribution | Estimatedper the trustee | Trustee's Preliminary Report dated · 2 Apr 2024 |
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.
As at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report dated
| PDF · Subscribers | |
Cover Letter: Notice to Creditors regarding Bankruptcies dated
| PDF · Subscribers | |
Creditor's Package for Index International Inc. dated
| PDF · Subscribers | |
Creditor's Package of 11030418 Canada Inc. dated
| PDF · Subscribers | |
Creditor's Package of 11030434 Canada Inc. dated
| PDF · Subscribers | |
Creditor's Package of 2700774 Ontario Inc. dated
| PDF · Subscribers | |
Creditor's Package of 2737332 Ontario Inc. dated
| PDF · Subscribers | |
Creditor's Package of 2775290 Ontario Inc. dated
| PDF · Subscribers | |
Creditor's Package of 421 Wharncliffe Ltd.
| PDF · Subscribers | |
Creditor's Package of Index Foods Inc. dated
| PDF · Subscribers | |
Creditor's Package of Index Holding Group Inc. dated
| PDF · Subscribers | |
| Certificate of Appointment of 11030418 Canada Inc. | PDF · Subscribers | |
| Certificate of Appointment of 11030434 Canada Inc. | PDF · Subscribers | |
| Certificate of Appointment of 2700774 Ontario Inc. | PDF · Subscribers | |
| Certificate of Appointment of 2737332 Ontario Inc. | PDF · Subscribers | |
| Certificate of Appointment of 2775290 Ontario Inc. | PDF · Subscribers | |
| Certificate of Appointment of 421 Wharncliffe Ltd. | PDF · Subscribers | |
| Certificate of Appointment of Index Foods Inc. | PDF · Subscribers | |
| Certificate of Appointment of Index Holding Group Inc. | PDF · Subscribers | |
| Certificate of Appointment of Index International Inc. | PDF · Subscribers | |
Ontario Court of Justice Court Order re: Consolidated Bankruptcy Filing dated
| 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., “Index Group” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/index-group