Juch-Tech Inc.
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-20-00652759-00CL
Juch-Tech Inc. has been under court-appointed receivership since December 9, 2020, when the Ontario Superior Court of Justice (Commercial List) appointed KSV Restructuring Inc. as receiver on the application of New Skies Satellites B.V. under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, in court file CV-20-00652759-00CL. New Skies claims total indebtedness of USD 10,418,045.48 as at November 4, 2020, of which USD 5,216,616.39 is secured under a general security agreement dated July 2, 2015 covering substantially all personal property, and USD 5,201,429.09 is unsecured. TD Canada Trust holds a PPSA registration securing a business line of credit, stated at CAD 99,037.65 as at October 23, 2020. The receivership remains active.
The officer filed report no. Third Report. The Company is largely inactive with insignificant business activity and limited bank account activity, and there is essentially no prospect of recovery from its property; the Receiver recommends termination of the receivership and its discharge.
Motion Record of the Receiver returnable March, 26 2021 — Application / notice of application
The officer filed report no. Second Report. The Company appears largely inactive, providing satellite services to a handful of customers with insignificant revenue; the Receiver is still investigating the assets, ownership claims and books and records, which are not current.
Source: Second Report of the Receiver dated January 14, 2021
Motion Record of the Receiver returnable December 15, 2020 — Application / notice of application
Court appointed KSV Restructuring Inc. receiver of Juch-Tech on New Skies Satellites B.V.'s application, supported by Brian Hassinger's affidavit sworn December 8, 2020.
Application filed, commencing the receivership before the Ontario Superior Court of Justice (Commercial List) and fixing December 8, 2020 as the start date of the proceeding.
Source: Application Record of New Skies dated December 8, 2020
Debtor
Juch-Tech Inc.
Receiver
KSV
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Gilmore | Ontario Superior Court of Justice | 4 orders, Dec 2020 | 68 cases on record |
| Justice Hainey | Ontario Superior Court of Justice | 2 orders, Mar 2021 | 211 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantNew Skies Satellites B.V | Osler, Hoskin & Harcourt LLP | 9 Dec 2020 | Order · 9 Dec 2020 |
| CreditorNew Skies Satellites B.V | Osler, Hoskin & Harcourt LLP | 15 Dec 2020 | Application · 14 Dec 2020 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | New Skies Satellites B.V.General Security Agreement dated July 2, 2015 - continuing security interest in all Goods, Chattel Paper, Documents of Title, Instruments, Intangibles, Securities and other personal property — Secured portion of total indebtedness of $10,418,045.48 as at November 4, 2020; unsecured portion of $5,201,429.09 reported separately; interest and costs continuing to accrue — debtor: Juch-Tech Inc. · as of 4 Nov 2020 | $5.22M USD | First Report of the Receiver dated December 14, 2020 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured |
4 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 plansThis 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.
4 engagements · 3 firms — latest: (firm not named), to 24 Dec 2020Third Report of the Receiver · 22 Mar 2021
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| (firm not named)Receiverperiod 2 of 2 · firm not named in the heading | to 24 Dec 2020 | — | — | Third Report of the Receiver · 22 Mar 2021 | |
| (firm not named)Counsel to the receiverperiod 1 of 2 · firm not named in the heading | — | — | — | not stated | Motion Record of the Receiver · 22 Mar 2021 |
| KSV Restructuring Inc.Receiver | to 24 Dec 2020 | — | — | Motion Record of the Receiver · 22 Mar 2021 | |
| Norton Rose Fulbright Canada LLPCounsel to the receiver | to 24 Dec 2020 | — | — | Motion Record of the Receiver · 22 Mar 2021 |
3 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plansCumulative receipts
$4.7K
As at 22 Mar 2021Third Report of the Receiver dated March 22, 2021
Professional fees
As at
1 more reported figure
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Court Order dated March 26, 2021
| PDF · Subscribers | |
Endorsement of Justice Hainey dated March 26, 2021
| PDF · Subscribers | |
Motion Record of the Receiver returnable March, 26 2021
| PDF · Subscribers | |
Third Report of the Receiver dated March 22, 2021
| PDF · Subscribers | |
Second Report of the Receiver dated January 14, 2021
| PDF · Subscribers | |
Endorsement of Justice Gilmore dated December 17, 2020
| PDF · Subscribers | |
Endorsement of Justice Gilmore dated December 15, 2020
| PDF · Subscribers | |
First Report of the Receiver dated December 14, 2020
| PDF · Subscribers | |
Motion Record of the Receiver returnable December 15, 2020
| PDF · Subscribers | |
Appointment Order dated December 9, 2020
| PDF · Subscribers | |
Endorsement of Justice Gilmore dated December 9, 2020
| PDF · Subscribers | |
Application Record of New Skies dated December 8, 2020
| PDF · Subscribers | |
| Factum of New Skies dated December 8, 2020 | PDF · Subscribers | |
| Report of the Proposed Receiver dated December 8, 2020 | 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., “Juch-Tech Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/juch-tech-inc