Proceedings.

Innovative Steam Technologies et al.

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Closed
Proceeding
Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
File
CV-18-596878-00CL
Filings held15
Last activity24 Jan 2020
On the record3,065 days
Secured debt$17M
OverviewSummary updated

Innovative Steam Technologies Inc. and IST Boiler Components Inc. were placed in a court-appointed receivership commenced 1 May 2018 in the Ontario Superior Court of Justice (Commercial List) under court file CV-18-596878-00CL, on the statutory footing of s. 243 of the BIA and provincial Judicature Act powers, with Deloitte Restructuring Inc. as receiver. Deloitte's Form 87 notice and statement under ss. 245(1) and 246(1) put the combined book value of the two companies' assets at $26,187,469 as at 31 March 2018, unaudited and unverified, against Total Secured Debt of $27,220,801.32 and Total Unsecured Debt of $4,733,611.84. HSBC Bank Canada is listed at $17,020,801.32 and Fulcrum Capital Partners (Collector) V, LP at $10,200,000 among the secured creditors; the largest stated unsecured claim is ABJ Engineering & Contracting Co. KSCC at $1,500,230.08. Employee and Crown claims are listed as unknown in amount. The matter is closed.

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Case updates15 dated entries
Parties

Debtor

Innovative Steam Technologies et al.

Receiver

Deloitte

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice HaineyOntario Superior Court of Justice2 orders, Jun 2018196 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverDeloitteBAKER & McKENZIE LLP3 Dec 2018Order · 3 Dec 2018
CreditorHSBC Bank CanadaDentons Canada LLPOrder
Capital structureAs asserted in the filings
stated amounts, drawn to scale · the 185 smallest grouped as one mark · 8 named without a figure
#Priority classCreditorAmountSource
4SecuredHSBC Bank Canada · in 54 casesIdentified in the Form 87 notice among creditors who “appear to hold a security interest on the property”, and on the attached listing under “Secured Creditors”. — The notice at (d) rounds this to $17,020,801; the listing states the precise $17,020,801.32. The listing states Total Secured Debt of $27,220,801.32. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$17MNotice and Statement of the Receive .pdf
4SecuredFulcrum Capital Partners (Collector) V, LPIdentified in the Form 87 notice among creditors who “appear to hold a security interest on the property”, and on the attached listing under “Secured Creditors”. — The listing states Total Secured Debt of $27,220,801.32. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$10.2MNotice and Statement of the Receive .pdf
8UnsecuredABJ ENGINEERING & CONTRACTING CO. KSCCThe largest stated unsecured claim on the listing. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.5MNotice and Statement of the Receive .pdf
8UnsecuredSANDVIK STEEL COMPANYdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$449KNotice and Statement of the Receive .pdf
8UnsecuredSEVERN GLOCON INDIA PVT LTD.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$367KNotice and Statement of the Receive .pdf
8UnsecuredDEJONG COMBUSTION B.Vdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$323KNotice and Statement of the Receive .pdf
8UnsecuredPROCESS COMBUSTION SYSTEM INCdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$253KNotice and Statement of the Receive .pdf
8UnsecuredAECON INDUSTRIAL CONSTRUCTION, A DIVISION OF ACGIdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$139KNotice and Statement of the Receive .pdf
8UnsecuredRAITH ENGINEERING AND MANUFACTURINGdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$120KNotice and Statement of the Receive .pdf
8UnsecuredFOSSIL POWER SYSTEMSSecond of two separate Fossil Power Systems line items, as the document itemises them. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$111KNotice and Statement of the Receive .pdf
8UnsecuredINFOR GLOBAL SOLUTIONS (MARKHAM) INC. C/O T10303Cdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$78.6KNotice and Statement of the Receive .pdf
8UnsecuredHY-LOK DISTRIBUTION INCdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$56.8KNotice and Statement of the Receive .pdf
8UnsecuredHSBC MASTERCARD · in 3 casesHSBC Bank Canada also holds the largest secured claim; this card balance is a separate line the document lists among unsecured. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$46.4KNotice and Statement of the Receive .pdf
8UnsecuredSEA CARGO AIR CARGO LOGISTICS INCSecond of two separate Sea Cargo line items, as the document itemises them. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$43.9KNotice and Statement of the Receive .pdf
8UnsecuredECL ENGINEERED COATINGS LTDdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$43.3KNotice and Statement of the Receive .pdf
8UnsecuredAZZ WSI LLCdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$40.5KNotice and Statement of the Receive .pdf
8UnsecuredWIKA INSTRUMENTS LTD. · in 6 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$39.6KNotice and Statement of the Receive .pdf
8UnsecuredTULSA FIN TUBE LLCdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$38.8KNotice and Statement of the Receive .pdf
8UnsecuredRANK GENERAL TRADING & CONTRACTINGdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$38.4KNotice and Statement of the Receive .pdf
8UnsecuredPROCESS MECHANICAL INSTALLATIONSdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$33KNotice and Statement of the Receive .pdf
8UnsecuredVALMONT INDUSTRIES INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$32.5KNotice and Statement of the Receive .pdf
8UnsecuredDEJONG COMBUSTION B.V.Second of three separate DeJong Combustion line items, as the document itemises them. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$32KNotice and Statement of the Receive .pdf
8UnsecuredAVENSYS SOLUTIONS INC · in 2 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$31.9KNotice and Statement of the Receive .pdf
8UnsecuredHYPERSHELLdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$31.8KNotice and Statement of the Receive .pdf
8UnsecuredPROCESS COMBUSTION SYSTEMS INC.Listed separately from the preceding Process Combustion entry, as the document itemises it. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$30.1KNotice and Statement of the Receive .pdf
8UnsecuredLINK+ CORPORATION · in 3 casesListed separately from the preceding Link entry, as the document itemises it. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$29.6KNotice and Statement of the Receive .pdf
8UnsecuredM.A. STEEL FOUNDRY LTDdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$29.6KNotice and Statement of the Receive .pdf
8UnsecuredBAH ENTERPRISES INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$29.4KNotice and Statement of the Receive .pdf
8Unsecured3B GENERAL TRADING & CONTRACTING CO. W.L.L.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$28KNotice and Statement of the Receive .pdf
8UnsecuredSEA CARGO AIR CARGO LOGISTICS INCdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$26.2KNotice and Statement of the Receive .pdf
8UnsecuredAIR LIQUIDE CANADA INC · in 24 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$22.7KNotice and Statement of the Receive .pdf
8UnsecuredTRIPLEFAST MIDDLE EAST LIMITEDdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$22.2KNotice and Statement of the Receive .pdf
8UnsecuredSPECIALTY STRIP & OSCILLATING INCdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$21.6KNotice and Statement of the Receive .pdf
8UnsecuredAGUTECH MACHINE & TOOL LTdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$21KNotice and Statement of the Receive .pdf
8UnsecuredFLOWSERVE US INC. - EDWARDS FLOWSERVE RALEIGHdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$20.8KNotice and Statement of the Receive .pdf
8UnsecuredJAYNE INDUSTRIES INC. · in 2 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$19.7KNotice and Statement of the Receive .pdf
8UnsecuredR-S MATCO, INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$19.3KNotice and Statement of the Receive .pdf
8UnsecuredENDRESS & HAUSER CANADA LTD. · in 3 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$17.6KNotice and Statement of the Receive .pdf
8UnsecuredGRAYLOC PRODUCTS CANADA LTDdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$17.4KNotice and Statement of the Receive .pdf
8UnsecuredMICHIGAN SEAMLESS TUBE LLCdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$17.1KNotice and Statement of the Receive .pdf
8UnsecuredSUPERIOR ALLOY TECHNOLOGY · in 2 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$16.9KNotice and Statement of the Receive .pdf
8UnsecuredRJB MANAGEMENT SERVICESdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$16.8KNotice and Statement of the Receive .pdf
8UnsecuredCAMBRIDGE AND NORTH DUMFRIES HYDROdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$16.4KNotice and Statement of the Receive .pdf
8UnsecuredWESTOOL PRECISION PRODUCTSdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$16.3KNotice and Statement of the Receive .pdf
8UnsecuredROME TRANSPORTATION · in 2 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$15.9KNotice and Statement of the Receive .pdf
8UnsecuredAEROMECCANICA STRANICH S.P.A.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$15.1KNotice and Statement of the Receive .pdf
8UnsecuredLB TESSMER CONSULTINGdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$14.7KNotice and Statement of the Receive .pdf
8UnsecuredSERAFINA ENERGY LTD.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$14.2KNotice and Statement of the Receive .pdf
8UnsecuredVEOLIA ENVIRONMENTAL SERVICES LTDdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$13.5KNotice and Statement of the Receive .pdf
8UnsecuredALMEER INDUSTRIESdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$13.4KNotice and Statement of the Receive .pdf
8UnsecuredAJAX TOCCO MAGNETHERMIC CANADA LIMITEDdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$13.3KNotice and Statement of the Receive .pdf
8UnsecuredSIMU TECH GROUP - TORONTO OFFICE ROI ENGINEERING INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$12.3KNotice and Statement of the Receive .pdf
8UnsecuredMETGLAS INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$11.9KNotice and Statement of the Receive .pdf
8UnsecuredMETRO BOILER TUBE CO.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$10.9KNotice and Statement of the Receive .pdf
8UnsecuredKITCHENER STEELdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$10.6KNotice and Statement of the Receive .pdf
8UnsecuredALL-LIFT LTD. · in 2 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$9.77KNotice and Statement of the Receive .pdf
8UnsecuredFAIRWAY TRANSPORTATION SERVICES LTD. · in 3 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$9.5KNotice and Statement of the Receive .pdf
8UnsecuredNICKEL SYSTEMS INCdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$9.35KNotice and Statement of the Receive .pdf
8UnsecuredKUT-RITE TOOLS DIVISION OF 501339 ONT.LTD.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$9.17KNotice and Statement of the Receive .pdf
8UnsecuredJ.B. MACHINING INCdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$8.87KNotice and Statement of the Receive .pdf
8UnsecuredBHD TUBULAR LTD · in 2 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$8.55KNotice and Statement of the Receive .pdf
8UnsecuredEXOCORdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$8.3KNotice and Statement of the Receive .pdf
8UnsecuredJT BUSINESS DEVELOPMENT CORPORATION LTDdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$7.94KNotice and Statement of the Receive .pdf
8UnsecuredTRI-METAL FABRICATORS LTD.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$7.54KNotice and Statement of the Receive .pdf
8UnsecuredBOHLER UDDEHOLM THERMO-TECHdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$7.54KNotice and Statement of the Receive .pdf
8UnsecuredDEJONG COMBUSTION B.V.Third of three separate DeJong Combustion line items, as the document itemises them. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$6.89KNotice and Statement of the Receive .pdf
8UnsecuredMcMASTER-CARR SUPPLY CO. · in 13 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$6.7KNotice and Statement of the Receive .pdf
8UnsecuredTYCO INTEGRATED FIRE & SECURITY CANADA, INC. · in 6 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$6.69KNotice and Statement of the Receive .pdf
8UnsecuredMAASS FLANGE & FITTING CANADA INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$6.48KNotice and Statement of the Receive .pdf
8UnsecuredUNION GAS LIMITED · in 14 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$6.29KNotice and Statement of the Receive .pdf
8UnsecuredMJ METAL PRODUCTS LTD.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$6.27KNotice and Statement of the Receive .pdf
8UnsecuredGUILLEVIN INTERNATIONAL Cdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$5.71KNotice and Statement of the Receive .pdf
8UnsecuredUNIFIED ALLOYS · in 4 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$4.83KNotice and Statement of the Receive .pdf
8UnsecuredCINTAS CANADA LTD. · in 19 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$4.79KNotice and Statement of the Receive .pdf
8UnsecuredPAUL REITZEL INDUSTRIALdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$4.71KNotice and Statement of the Receive .pdf
8UnsecuredGEMCAST MANUFACTURINGdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$4.56KNotice and Statement of the Receive .pdf
8UnsecuredLANDSTAR CANADA, INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$4.52KNotice and Statement of the Receive .pdf
8UnsecuredNOVIPRO · in 2 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$4.51KNotice and Statement of the Receive .pdf
8UnsecuredFASTENAL CANADA · in 28 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$4.48KNotice and Statement of the Receive .pdf
8UnsecuredCONESTOGA CONTRACTING GROUPdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$4.34KNotice and Statement of the Receive .pdf
8UnsecuredLIBURDI AUTOMATIONdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$4.32KNotice and Statement of the Receive .pdf
8UnsecuredCONTRO VALVE INC. · in 2 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$4.18KNotice and Statement of the Receive .pdf
8UnsecuredMcCORDICK GLOVE INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$4.1KNotice and Statement of the Receive .pdf
8UnsecuredFIBRECAST INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$4.08KNotice and Statement of the Receive .pdf
8UnsecuredCAMBRIDGE MATERIALS TESTING LIMITEDdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$3.94KNotice and Statement of the Receive .pdf
8UnsecuredLIVINGSTON INTERNATIONAL INC · in 9 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$3.84KNotice and Statement of the Receive .pdf
8UnsecuredFEDERAL EXPRESS CANADA · in 9 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$3.78KNotice and Statement of the Receive .pdf
8UnsecuredAPPLIED CONTROLS INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$3.71KNotice and Statement of the Receive .pdf
8UnsecuredABRASIVE SUPPLY & SERVICE INCdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$3.63KNotice and Statement of the Receive .pdf
8UnsecuredSTONEBRIDGE SOURCING SOLUTIONSdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$3.26KNotice and Statement of the Receive .pdf
8UnsecuredBEDROCK EXPRESS TOWING SERVICEdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$3.19KNotice and Statement of the Receive .pdf
8UnsecuredGTI GLOBAL YYZ INCdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$2.9KNotice and Statement of the Receive .pdf
8UnsecuredPM BUILDING MAINTENANCE JANITORIAL SERVICESdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$2.71KNotice and Statement of the Receive .pdf
8UnsecuredRED-D-ARC LIMITED · in 3 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$2.69KNotice and Statement of the Receive .pdf
8UnsecuredREGIONAL HOSE & EQUIP.LTDdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$2.67KNotice and Statement of the Receive .pdf
8UnsecuredMNP LLP · in 63 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$2.37KNotice and Statement of the Receive .pdf
8UnsecuredIDT SYSTEMS INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$2.33KNotice and Statement of the Receive .pdf
8UnsecuredEDGE DESIGN & ENGINEERING ASSOCIATES INCdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$2.31KNotice and Statement of the Receive .pdf
8UnsecuredSTARSHIP LOGISTICS INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$2.25KNotice and Statement of the Receive .pdf
8UnsecuredTIGER PLUMBING INCdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$2.22KNotice and Statement of the Receive .pdf
8UnsecuredLINDEMANN ELECTRIC SERVICES INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$2.22KNotice and Statement of the Receive .pdf
8UnsecuredTATE-JONES, INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$2.12KNotice and Statement of the Receive .pdf
8UnsecuredINTEGRATED DIGITAL SOLUTIONSdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$2.02KNotice and Statement of the Receive .pdf
8UnsecuredRELIABLE TUBE INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$2.01KNotice and Statement of the Receive .pdf
8UnsecuredREDI-STRIP METAL CLEANING CANADA LTD.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.96KNotice and Statement of the Receive .pdf
8UnsecuredACKLANDS-GRAINGER INC. · in 16 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.89KNotice and Statement of the Receive .pdf
8UnsecuredLUCID DIGITAL MEDIA INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.81KNotice and Statement of the Receive .pdf
8UnsecuredHOT ZONE TRAINING CONSULTANTS INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.76KNotice and Statement of the Receive .pdf
8UnsecuredHERCULES SLR INC. · in 8 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.71KNotice and Statement of the Receive .pdf
8UnsecuredTHE LAKE COMPANIES, INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.54KNotice and Statement of the Receive .pdf
8UnsecuredMAG TOOL INCdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.47KNotice and Statement of the Receive .pdf
8UnsecuredFLEXO PRODUCTS LIMITED · in 2 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.38KNotice and Statement of the Receive .pdf
8UnsecuredEXCELLENCE IN MANUFACTURING CONSORTIUM · in 2 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.35KNotice and Statement of the Receive .pdf
8UnsecuredAIR LIQUIDE CANADA INC. · in 78 casesListed separately from the preceding Air Liquide entry, as the document itemises it. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.33KNotice and Statement of the Receive .pdf
8UnsecuredHAWKES ELECTRO-ARC LTD.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.31KNotice and Statement of the Receive .pdf
8UnsecuredWAYCO MULTI-LIFTdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.29KNotice and Statement of the Receive .pdf
8UnsecuredBECKER BROS. TRUCKINGdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.19KNotice and Statement of the Receive .pdf
8UnsecuredTECHNICAL SAFETY BC · in 4 casesRegulatory claim. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.18KNotice and Statement of the Receive .pdf
8UnsecuredBC SAFETY AUTHORITYRegulatory claim. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.17KNotice and Statement of the Receive .pdf
8UnsecuredMAT-COR ENGINEERING LTD.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.15KNotice and Statement of the Receive .pdf
8UnsecuredCAMBRIDGE RIGGING CENTRAL LIMITEDdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.15KNotice and Statement of the Receive .pdf
8UnsecuredQUICKMILL INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.1KNotice and Statement of the Receive .pdf
8UnsecuredEXOCORSecond of two separate Exocor line items, as the document itemises them. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.09KNotice and Statement of the Receive .pdf
8UnsecuredUPS-SUPPLY CHAIN SOLUTIONS · in 2 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.06KNotice and Statement of the Receive .pdf
8UnsecuredOCCUPATIONAL SAFETY GROUPdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.05KNotice and Statement of the Receive .pdf
8UnsecuredARTECH WINDOW CLEANING LTD. · in 2 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.02KNotice and Statement of the Receive .pdf
8UnsecuredELECTROMATE INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.01KNotice and Statement of the Receive .pdf
8UnsecuredFIRMAN FIRE AND SAFETYdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1.01KNotice and Statement of the Receive .pdf
8UnsecuredTEAM INDUSTRIAL SERVICES TISI CANADA INCdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$940Notice and Statement of the Receive .pdf
8UnsecuredJAS 3 LTD · in 2 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$902Notice and Statement of the Receive .pdf
8UnsecuredRED-D-ARC WELDRENTALSdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$896Notice and Statement of the Receive .pdf
8UnsecuredIMPERIAL COFFEE AND SERVICES INC. · in 4 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$874Notice and Statement of the Receive .pdf
8UnsecuredMANITOULIN TRANSPORT · in 36 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$869Notice and Statement of the Receive .pdf
8UnsecuredFRASER LOCK & SAFE CO.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$825Notice and Statement of the Receive .pdf
8UnsecuredCRATEX INDUSTRIAL PACKING LTD.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$809Notice and Statement of the Receive .pdf
8UnsecuredTECHNICAL STANDARDS AND SAFETY AUTHORITY · in 12 casesRegulatory claim. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$804Notice and Statement of the Receive .pdf
8UnsecuredSALIT STEELdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$780Notice and Statement of the Receive .pdf
8UnsecuredBAR-TECH ENTERPRISESdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$740Notice and Statement of the Receive .pdf
8UnsecuredNAUTALEX BUSINESS SERVICES INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$712Notice and Statement of the Receive .pdf
8UnsecuredFEDERAL EXPRESS CANADA LTD. · in 69 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$699Notice and Statement of the Receive .pdf
8UnsecuredCOMCO PIPE & SUPPLY COdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$686Notice and Statement of the Receive .pdf
8UnsecuredALTIMA GROUPdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$683Notice and Statement of the Receive .pdf
8UnsecuredIMAGEWEAR - A DIVISION OF MARK'Sdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$682Notice and Statement of the Receive .pdf
8UnsecuredUNIFIRST CANADA LTD. · in 14 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$623Notice and Statement of the Receive .pdf
8UnsecuredFOSSIL POWER SYSTEMSdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$594Notice and Statement of the Receive .pdf
8UnsecuredROTO-STATIC CAMBRIDGE DIV. OF 1114014 ONTARIO INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$577Notice and Statement of the Receive .pdf
8UnsecuredRABBIT PICK UP & DELIVEdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$552Notice and Statement of the Receive .pdf
8UnsecuredKINGS WOOD PRODUCTS · in 3 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$549Notice and Statement of the Receive .pdf
8UnsecuredCANON CANADA INC · in 15 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$547Notice and Statement of the Receive .pdf
8UnsecuredWASTE MANAGEMENT · in 60 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$530Notice and Statement of the Receive .pdf
8UnsecuredCHRIS GARDINERIndividual creditor. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$481Notice and Statement of the Receive .pdf
8UnsecuredBULLWARC INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$469Notice and Statement of the Receive .pdf
8UnsecuredMANITOULIN TRANSPORT · in 36 casesSecond of two separate Manitoulin Transport line items, as the document itemises them. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$451Notice and Statement of the Receive .pdf
8UnsecuredTW PROFESSIONAL SERVICESdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$450Notice and Statement of the Receive .pdf
8UnsecuredNOVEXCO · in 5 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$435Notice and Statement of the Receive .pdf
8UnsecuredSHRED IT INTERNATIONAL ULCdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$422Notice and Statement of the Receive .pdf
8UnsecuredPIPELINE PIGGING SPECIALTIES LTD. · in 2 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$409Notice and Statement of the Receive .pdf
8UnsecuredG. TRASOLINI BUSINESS PRODUCTS · in 2 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$408Notice and Statement of the Receive .pdf
8UnsecuredSHADES OF GREENdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$396Notice and Statement of the Receive .pdf
8UnsecuredTRIUMPH TOOL LTD. · in 4 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$379Notice and Statement of the Receive .pdf
8UnsecuredCRS CRANE SYSTEMS INCdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$331Notice and Statement of the Receive .pdf
8UnsecuredEURO-MILAN INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$317Notice and Statement of the Receive .pdf
8UnsecuredCANSEL SURVEY EQUIPMENT INC. · in 3 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$289Notice and Statement of the Receive .pdf
8UnsecuredFRANKLIN SELF STORAGE · in 2 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$288Notice and Statement of the Receive .pdf
8UnsecuredCANADIAN FREIGHTWAYS · in 3 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$280Notice and Statement of the Receive .pdf
8UnsecuredFLOWERS.CA INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$277Notice and Statement of the Receive .pdf
8UnsecuredSUPER SAVE ENTERPRISES LTD. · in 3 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$266Notice and Statement of the Receive .pdf
8UnsecuredSHARP RITE TOOLING & MFG INCdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$254Notice and Statement of the Receive .pdf
8UnsecuredCULLIGAN · in 11 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$232Notice and Statement of the Receive .pdf
8UnsecuredCAMERON INSTRUMENTS INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$232Notice and Statement of the Receive .pdf
8UnsecuredCRANE SUPPLY LTD.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$205Notice and Statement of the Receive .pdf
8UnsecuredTELUS (MOBILITY CLIENT #19028138) · in 115 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$203Notice and Statement of the Receive .pdf
8UnsecuredSWAGELOK SOUTHWESTERN ONTARIOdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$203Notice and Statement of the Receive .pdf
8UnsecuredUPS-SUPPLY CHAIN SOLUTIONS · in 2 casesSecond of two separate UPS-Supply Chain Solutions line items, as the document itemises them. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$199Notice and Statement of the Receive .pdf
8UnsecuredDURABLE SUPPLYdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$184Notice and Statement of the Receive .pdf
8UnsecuredFLOCOR INCdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$181Notice and Statement of the Receive .pdf
8UnsecuredTHE GREAT-WEST LIFE ASSURANCE COMPANY · in 4 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$178Notice and Statement of the Receive .pdf
8UnsecuredSUPER SAVE DISPOSAL INC. · in 13 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$162Notice and Statement of the Receive .pdf
8UnsecuredEVOQUA WATER TECHNOLOGIES LTD · in 3 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$162Notice and Statement of the Receive .pdf
8UnsecuredMINISTER OF FINANCE · in 71 casesProvincial Crown claim. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$150Notice and Statement of the Receive .pdf
8UnsecuredGRAND & TOY · in 28 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$142Notice and Statement of the Receive .pdf
8UnsecuredCHEETAH TRANSPORT LTD. · in 3 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$119Notice and Statement of the Receive .pdf
8UnsecuredGENWAVE TECHNOLOGIES INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$117Notice and Statement of the Receive .pdf
8UnsecuredBSM WIRELESS INC.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$76Notice and Statement of the Receive .pdf
8UnsecuredTHE NATIONAL BOARD OF BOILER & PRESSURE VESSEL INSPECTORS, INCdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$73Notice and Statement of the Receive .pdf
8UnsecuredCANADIAN SPRINGS · in 32 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$68Notice and Statement of the Receive .pdf
8UnsecuredCINTAS CANADA LIMITED C/O C3005debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$40Notice and Statement of the Receive .pdf
8UnsecuredCANADIAN SPRINGS - A DIV. OF AQUATERRA CORPORATIONdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$34Notice and Statement of the Receive .pdf
8UnsecuredA-1 MESSENGER SERVICES LTD.debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$26Notice and Statement of the Receive .pdf
8UnsecuredLINK + CORPORATION · in 2 casesdebtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$25Notice and Statement of the Receive .pdf
8UnsecuredLEVEL 3debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$24Notice and Statement of the Receive .pdf
8UnsecuredSENTEX COMMUNICATION CORPThe stated amount of $1.00 is a placeholder, not a measured balance. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.$1Notice and Statement of the Receive .pdf
8Unsecured1 Natura Way Limited Partnership c/o Wilson Blanchard Management Inc.Amount stated as “Unknown” — not a zero. Landlord of the 1 Natura Way premises on the face of the filing. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.Notice and Statement of the Receive .pdf
8UnsecuredOntario Ministry of Finance · in 43 casesAmount stated as “Unknown” — not a zero. Provincial Crown claim. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.Notice and Statement of the Receive .pdf
8UnsecuredThe Corporation of the City of Cambridge · in 2 casesAmount stated as “Unknown” — not a zero. Municipal claim. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.Notice and Statement of the Receive .pdf
8UnsecuredEmployees · in 185 casesAmount stated as “Unknown” — not a zero. Aggregate employee claim; no individuals are named. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.Notice and Statement of the Receive .pdf
8UnsecuredEnergy+ Inc. · in 2 casesAmount stated as “Unknown” — not a zero. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.Notice and Statement of the Receive .pdf
8UnsecuredHusby Forest Products Ltd.Amount stated as “Unknown” — not a zero. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.Notice and Statement of the Receive .pdf
8UnsecuredSKYLINE COMMERCIAL REAL ESTATE HOLDINGS INC. · in 2 casesAmount stated as “Unknown” — not a zero. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.Notice and Statement of the Receive .pdf
8UnsecuredCANADA REVENUE AGENCY · in 926 casesAmount stated as “Unknown” — not a zero. Crown claim (deemed-trust class where applicable); the listing groups it under unsecured creditors as a “potential Government creditor”. — debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc.Notice and Statement of the Receive .pdf

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

RecoveriesAs declared or paid

Unsecured creditors: no distribution. ESDC $77.3K · HSBC Bank Canada short · CRA $39K.EstimatedMotion Record of the Receiver - returnable December 3, 2018.pdf · 21 Nov 2018

ClassCreditorClaimsRecoveryBasisSource
WEPPAemployee claim for unpaid wages pursuant to WEPPESDC$77.3KFinalper the receiverMotion Record of the Receiver - returnable December 3, 2018.pdf · 21 Nov 2018
SecuredHSBC Bank CanadashortfallEstimatedper the receiverMotion Record of the Receiver - returnable December 3, 2018.pdf · 21 Nov 2018
Unsecuredother subordinate stakeholders of the Companyno distributionEstimatedper the receiverMotion Record of the Receiver - returnable December 3, 2018.pdf · 21 Nov 2018
Unsecureddeemed trust for payroll source deduction and HST arrearsCRA$39KFinalper the receiverMotion Record of the Receiver - returnable December 3, 2018.pdf · 21 Nov 2018

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

6 engagements · 2 firmslatest: Deloitte Restructuring Inc., 2 Nov 2018 – 31 Dec 2019, $33,835.00 in feesMotion Record of Deloitte Restructuring - returnable January 24,… · 24 Jan 2020

FirmPeriodHoursFeesRatesSource
Baker & McKenzie LLPCounsel to the receiverperiod 5 of 5to 30 Sep 2019$17,031.50$250 – $680.983 peopleMotion Record of Deloitte Restructuring - returnable January 24,… · 24 Jan 2020
3 peopleBaker & McKenzie LLP, to 30 Sep 2019
NameTitleHoursRateFees
Michael Nowina23.5$680.98$16,003.00
Ben Sakamoto2.6$280.19$728.50
Brittany Shales1.2$250$300.00
Baker & McKenzie LLPCounsel to the receiverperiod 4 of 5to 30 Apr 201930.5$14,762.50$275 – $6502 peopleMotion Record of Deloitte Restructuring - returnable January 24,… · 24 Jan 2020
2 peopleBaker & McKenzie LLP, to 30 Apr 2019
NameTitleHoursRateFees
Michael Nowina17$650$11,050.00
Ben Sakamoto13.5$275$3,712.50
Baker & McKenzie LLPCounsel to the receiverperiod 3 of 517 May – 31 Oct 2018not statedMotion Record of the Receiver - returnable December 3, 2018.pdf · 3 Dec 2018
Baker & McKenzie LLPCounsel to the receiverperiod 2 of 5to 31 May 20188.6$5,900.00not statedMotion Record of the Receiver - returnable December 3, 2018.pdf · 3 Dec 2018
Baker & McKenzie LLPCounsel to the receiverperiod 1 of 5$51,298.00$250 – $8956 peopleMotion Record of the Receiver - returnable December 3, 2018.pdf · 3 Dec 2018
6 peopleBaker & McKenzie LLP,
NameTitleHoursRateFees
Charles Magerman0.3$895$268.50
John Pirie13.1$775.69stated average$10,161.50
Michael Nowina40.5$626.91stated average$25,390.00
Alexandra Burke0.5$420$210.00
Brendan O'Grady39.7$370.73stated average$14,718.00
Jan Nato2.2$250$550.00
Deloitte Restructuring Inc.Receiver2 Nov 2018 – 31 Dec 201946$33,835.00ex. tax$150 – $65010 peopleMotion Record of Deloitte Restructuring - returnable January 24,… · 24 Jan 2020
10 peopleDeloitte Restructuring Inc., 2 Nov 2018 – 31 Dec 2019
NameTitleHoursRateFees
Robert BiehlerPartner12.5$650$8,125.00
Hartley BricksDirector1.3$550$715.00
Anna KoroneosSenior Manager4.7$500$2,350.00
Warren LeungSenior Manager10$500$5,000.00
Andrew WhittinghamSenior Manager2.6$500$1,300.00
Xiaofel LiSenior1.3$325$422.50
Soo Won YounSenior3.5$325$1,137.50
Ashley KeeneAnalyst0.8$250$200.00
Ada KooAnalyst1.9$250$475.00
Rose BrownAdministrator7.4$150$1,110.00
Total Professional Hours and Fees46$20,835.00

Top rate $650 · 68th percentile of receiver rates, 2019 · of 26

Estate financialsReported figures — never derived
Total assets at filing$26.2M

As at 31 Mar 2018 · per Book Value as at March 31, 2018, “based on information compiled by the Debtors. Deloitte has not audited, reviewed, or otherwise attempted to verify the accuracy or completeness of the information and, accordingly, Deloitte expresses no opinion or other form of assurance.” · Innovative Steam Technologies Inc. and IST Boiler Components Inc., combined — assets only — The stated asset total is $26,187,469 (cash $0; trade and other receivables $1,759,104; unbilled revenue $7,495,223; inventories $3,551,730; income taxes recoverable $30,213 and $1,251,676 as two lines; prepaid expenses $319,386; property, plant and equipment $2,144,203; investment $95,934; intangible assets $5,640,000; goodwill $3,900,000). No liabilities total is stated as such: the listing states Total Secured Debt of $27,220,801.32 and Total Unsecured Debt of $4,733,611.84 separately, several unsecured entries being “Unknown”.

Documents
15 filings
DateDocumentFile
Motion Record of Deloitte Restructuring - returnable January 24, 2020.pdf
  • Fee schedule Engagements: Form: invoice_listing · Rows: Robert Biehler; Hartley Bricks; Warren Leung; Anna Koroneos; Andrew Whittingham; Xiaofel Li; Soo Won Youn; Ashley Keene; Ada Koo; Rose Brown; Fees: 20835 · Hours: 46 · Quote: Total Professional Hours and Fees | 46.0 | | $ 20 , 835.00 · Row kind: subtotal · Rate kind: standard · Name as stated: Total Professional Hours and Fees · Money: Tax: $4.4K · Label: HST at 13.00% · Quote: HST at 13.00% | 4 , 398.55 · Fees: $33.8K · Quote: Total Fees and Expenses $ 33,835.00 · Total: $38.2K · Quote: Total AmountDue (CAD) | 38 , 233.55 · includes tax · Approximate: false · Period: End: 2019-12-31 · Kind: final · Quote: Final bill for services by Deloitte Restructuring Inc. as Court appointed Receiver of Innovative Steam TechnologiesInc . and1STBoiler ComponentsInc . ( ' 1 ST or the "Company" ) for the period from November 2 , 2018 to December 31 ,2019 . · Start: 2018-11-02 · Approval: State: unstated · Averages: · Currency: Code: CAD · Quote: Total AmountDue (CAD) · Invoices: · Firm text: Deloitte Restructuring Inc. · Firm quote: DELOITTE RESTRUCTURING INC. (" Deloitte ") in its capacity as the court-appointed receiver · Hours total: Quote: Total Professional Hours and Fees | 46.0 · Value: 46 · Context quote: DELOITTE RESTRUCTURING INC. (" Deloitte ") in its capacity as the court-appointed receiver (the " Receiver "); Form: time_summary · Rows: Michael Nowina; Ben Sakamoto · Money: Fees: $14.8K · Quote: Total Hours | 30.50 | Total Fees | 14,762.50CAD · Approximate: false · Period: End: 2019-04-30 · Kind: invoice · Quote: April 30, 2019 · Approval: State: unstated · Averages: · Currency: Code: CAD · Quote: 14,762.50CAD · Invoices: · Firm text: Baker & McKenzie LLP · Firm quote: Lawyers for the Receiver, Deloitte Restructuring Inc. · Hours total: Quote: Total Hours | 30.50 | Total Fees | 14,762.50CAD · Value: 30.5 · Context quote: Lawyers for the Receiver, Deloitte Restructuring Inc.; Form: time_summary · Rows: Michael Nowina; Ben Sakamoto; Brittany Shales · Money: Fees: $17K · Quote: Total Hours 27.30 | Total Fees | | 17,031.50CAD · Approximate: false · Period: End: 2019-09-30 · Kind: invoice · Quote: Professional services and disbursements incurred for the period ending: September 30, 2019 · Approval: State: unstated · Averages: · Currency: Code: CAD · Quote: 17,031.50CAD · Invoices: · Firm text: Baker & McKenzie LLP · Firm quote: Lawyers for the Receiver, Deloitte Restructuring Inc. · Context quote: Lawyers for the Receiver, Deloitte Restructuring Inc.
PDF
Order of Justice Koehnen .pdf
  • Presiding officer Justice Koehnen
PDF
Distribution Discharge Order .pdf
  • Counsel Baker & McKenzie LLP
  • Presiding officer Justice Chiappetta
PDF
Motion Record of the Receiver - returnable December 3, 2018.pdf
  • Fee schedule Engagements: Form: invoice_listing · Rows: · Money: · Period: End: 2018-10-31 · Kind: invoice · Quote: For the period of May 17, 2018 to October 31, 2018 Baker McKenzie has incurred · Start: 2018-05-17 · Approval: State: unstated · Averages: · Currency: Code: CAD · Quote: 5,900.00 CAD · Invoices: Date: 2018-10-29 · Fees: 51298 · Quote: Total Hours 96.30 | Total Fees | 51,298.00CAD · Disbursements: 405.58 · Firm text: Baker & McKenzie LLP · Firm quote: I am a partner at the law firm of Baker & McKenzie LLP ( ' Baker McKenzie ' ) · Context quote: Lawyers for the Receiver, Deloitte Restructuring Inc.; Form: time_summary · Rows: · Money: Fees: $5.9K · Quote: Total Hours 8.60 | Total | Fees | 5,900.00 CAD · Approximate: false · Disbursements: $160 · Quote: 160.00 Disbursements | CAD · Period: End: 2018-05-31 · Kind: invoice · Quote: Professional services and disbursements incurred for the period ending: May 31, 2018 · Approval: State: unstated · Averages: · Currency: Code: CAD · Quote: 5,900.00 CAD · Invoices: · Firm text: Baker & McKenzie LLP · Firm quote: I am a partner at the law firm of Baker & McKenzie LLP ( ' Baker McKenzie ' ) · Hours total: Quote: Total Hours 8.60 · Value: 8.6 · Context quote: Professional services and disbursements incurred for the period ending: May 31, 2018; Form: time_summary · Rows: Charles Magerman; John Pirie; Michael Nowina; Alexandra Burke; Brendan O'Grady; Jan Nato · Money: Fees: $51.3K · Quote: Total Hours 96.30 | | Total Fees | 51,298.00CAD · Approximate: false · Disbursements: $406 · Quote: 405.58 Disbursements | CAD · Period: Kind: invoice · Approval: State: unstated · Averages: · Currency: Code: CAD · Quote: 51,298.00CAD · Invoices: · Firm text: Baker & McKenzie LLP · Firm quote: I am a partner at the law firm of Baker & McKenzie LLP ( ' Baker McKenzie ' ) · Context quote: Professional services and disbursements incurred for the period ending: May 31, 2018
  • Recovery outcome Entries: per estimated; per estimated; per actual; per actual · Stated on: 2018-11-21 · Table missing:
PDF
Approval and Vesting Order of Justice Hainey .pdf
  • Presiding officer Justice Hainey
PDF
Factum and Authorities of the Receiver - returnable June 27, 2018.pdfPDF
Motion Record of the Receiver - returnable June 27, 2018.pdfPDF
Order of Justice Hainey .pdf
  • Presiding officer Justice Hainey
PDF
Approval and Vesting Order of Justice Dunphy .PDF
  • Presiding officer Justice Dunphy
PDF
Motion Record of the Receiver - returnable June 12, 2018.pdf
  • Recovery outcome Entries: per estimated · Table missing:
PDF
Notice and Statement of the Receive .pdf
  • Financial position Assets $26.2M · as at 31 Mar 2018 · per Book Value as at March 31, 2018, “based on information compiled by the Debtors. Deloitte has not audited, reviewed, or otherwise attempted to verify the accuracy or completeness of the information and, accordingly, Deloitte expresses no opinion or other form of assurance.” · Innovative Steam Technologies Inc. and IST Boiler Components Inc., combined — assets only — The stated asset total is $26,187,469 (cash $0; trade and other receivables $1,759,104; unbilled revenue $7,495,223; inventories $3,551,730; income taxes recoverable $30,213 and $1,251,676 as two lines; prepaid expenses $319,386; property, plant and equipment $2,144,203; investment $95,934; intangible assets $5,640,000; goodwill $3,900,000). No liabilities total is stated as such: the listing states Total Secured Debt of $27,220,801.32 and Total Unsecured Debt of $4,733,611.84 separately, several unsecured entries being “Unknown”.
  • Secured creditors $17M · Note: The notice at (d) rounds this to $17,020,801; the listing states the precise $17,020,801.32. The listing states Total Secured Debt of $27,220,801.32. · Page: 3 · Debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc. · Creditor: HSBC Bank Canada · Security: Identified in the Form 87 notice among creditors who “appear to hold a security interest on the property”, and on the attached listing under “Secured Creditors”.
  • Unsecured creditors $40.5K · Page: 3 · Basis: “Listing of Creditors of Innovative Steam Technologies Inc. and IST Boiler Components Inc. (unaudited)” attached to the Form 87 Notice and Statement of the Receiver (ss.245(1) & 246(1) BIA) of Deloitte Restructuring Inc., under “Unsecured Creditors”. The listing states Total Unsecured Debt of $4,733,611.84. All amounts CAD. · Debtor: Innovative Steam Technologies Inc. and IST Boiler Components Inc. · Creditor: AZZ WSI LLC
PDF
Endorsement of Justice Wilton-Siegel .pdf
  • Presiding officer Justice Wilton-Siegel
PDF
Application Record - Volume 1 of 2 .pdfPDF
Application Record - Volume 2 of 2 .pdfPDF
Receivership Order - May 1,_2018.pdf
  • Commencement date 1 May 2018
  • Counsel Dentons Canada LLP
  • Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Court file no CV-18-596878-00CL
PDF

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

CiteProceedings., “Innovative Steam Technologies et al.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/innovative-steam-technologies-et-al

Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/innovative-steam-technologies-et-al

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.