Knotel Canada, Inc.
Follow- Proceeding
- Foreign recognition (CCAA)SECTION 46 OF THE COMPANIES’ CREDITORS ARRANGEMENT ACT, R.S.C. 1985, c. C-36, AS AMENDED
- File
- CV-21-00658434-00CL
- Industry
- Real estate · Rental & income property
Knotel Canada, Inc. applied to the Ontario Superior Court of Justice (Commercial List) on March 9, 2021 under section 46 of the Companies' Creditors Arrangement Act for recognition of foreign proceedings, in which Knotel, Inc. filed a voluntary petition with a Petition Date of January 31, 2021. The matter is active under Court File No. CV-21-00658434-00CL. Knotel Canada granted a general security agreement dated March 2, 2021 over its present and after-acquired property to its parent, securing roughly CDN$281,000 drawn under a demand promissory grid note and funded from DIP financing approved by the U.S. court. Its unsecured exposure includes an estimated US$1.3 million of trade debt, approximately US$1.7 million of unpaid rent as at February 28, 2021, and US$2,636,430.90 owing to Knotel Parent on intercompany advances.
Endorsement of Cavanagh (re Recognition of U.S. Claims Order & Omnibus Order) — Endorsement / reasons
Knotel Canada commenced its Ontario application for recognition under section 46 of the CCAA, supported by the March 8, 2021 affidavit of John M. Jureller.
Source: Application Record
Undated filings3 — no date appears on the document · show
Amended Notice of Motion (Motion for Recognition of U.S. Plan Confirmation Order) — Application filed
Notice of Motion (Motion for Recognition of U.S. Plan Confirmation Order) — Application filed
Notice of Motion (Motion for Recognition of U.S. Sale Order) — Application filed
Debtor
Knotel Canada, Inc.
Trustee in bankruptcy
Alvarez & Marsal
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Cavanagh | Ontario Superior Court of Justice | 11 orders, Mar 2021 – Jun 2021 | 316 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorKnotel Canada, Inc. | Milbank LLP Previously Morris, Nichols, Arsht & Tunnell LLP (last seen 14 Apr 2021) | 9 Mar 2021 | Service list · 25 Jun 2021 |
| PurchaserDigiatech LLC | Sullivan & Worcester LLP | 23 Mar 2021 | Endorsement · 23 Mar 2021 |
| CreditorCanadian Filing Entities | Cassels Brock & Blackwell LLP | 9 Mar 2021 | Order · 9 Mar 2021 |
| CreditorCrestpoint Real Estate (215 Spadina) Inc | Daoust Vukovich LLP | 25 Jun 2021 | Service list · 25 Jun 2021 |
| CreditorDream Office Management Corp | Camelino Galessiere LLP | 15 Mar 2021 | Endorsement · 15 Mar 2021 |
| CreditorInformation Officer | Blake, Cassels & Graydon LLP | 25 Jun 2021 | Service list · 25 Jun 2021 |
| CreditorKalber Developments Incorporated and Super Jewellers Inc | Minden Gross LLP | 25 Jun 2021 | Service list · 25 Jun 2021 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Digiatech, LLC (TPC Loan — junior revolving credit facility, second lien)as of Petition Date (January 31, 2021) — Secured by substantially all of the Original Debtors' assets, including all personal property; junior to the Bridge Bank Facility. Initial revolving line up to US$50,000,000 plus two conditional tranches of up to US$25,000,000 each (facility limits, not balances); interest 6.0% plus the greater of 5.25% or prime — Outstanding principal stated as US$50,000,000 as of the Petition Date. Held by Digiatech by assignment. Knotel Canada has not granted security under this indebtedness. — debtor: Knotel, Inc. (Original Debtors); Knotel Canada is not an obligor | $50M USD | Application Record |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
8 more claims in 2 classes The stack holds Secured and Unsecured claims.
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See all plansUnsecured creditors: a distribution.Under the planThird Report of the Information Officer · 24 Jun 2021
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Class 1 First Lien Claims | — | paid in full | per the debtor | Third Report of the Information Officer · 24 Jun 2021 |
| Preferred | Class 4 Other Priority Claims | — | paid in fullconditional | Under the planper the debtor | Third Report of the Information Officer · 24 Jun 2021 |
| Unsecured | Class 5 General Unsecured Claims | — | a distributionconditional | Under the planper the debtor | Third Report of the Information Officer · 24 Jun 2021 |
| Equity | Class 6 Interests | — | no distribution | Under the planper the debtor | Third Report of the Information Officer · 24 Jun 2021 |
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.
| Date | Document | File |
|---|---|---|
Endorsement of Cavanagh (re Recognition of U.S. Plan Confirmation Order and Termination of CCAA Proceedings)
| PDF · Subscribers | |
Recognition Order (Recognition of U.S. Plan Confirmation Order and Termination of the CCAA Proceedings)
| PDF · Subscribers | |
| Supplemental Affidavit of K. May (sworn June 29, 2021) | PDF · Subscribers | |
| E-Service List | PDF · Subscribers | |
Motion Record
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Third Report of the Information Officer
| PDF · Subscribers | |
Endorsement of Cavanagh (re Recognition of U.S. Claims Order & Omnibus Order)
| PDF · Subscribers | |
Recognition Order (Recognition of U.S. Claims Order & Omnibus Order)
| PDF · Subscribers | |
| Second Report of the Information Officer | PDF · Subscribers | |
Endorsement of Cavanagh (re Recognition of U.S. Sale Order)
| PDF · Subscribers | |
Recognition Order (Recognition of U.S. Sale Order)
| PDF · Subscribers | |
Affidavit of Service of K. May (sworn March 22, 2021)
| PDF · Subscribers | |
| Third Affidavit of J. Jureller (sworn March 22, 2021) | PDF · Subscribers | |
| First Report of the Information Officer | PDF · Subscribers | |
Affidavit of Service of K. May (sworn March 17, 2021)
| PDF · Subscribers | |
Endorsement of Cavanagh (re Initial & Supplemental Recognition Order)
| PDF · Subscribers | |
Affidavit of Service of K. May (sworn March 12, 2021)
| PDF · Subscribers | |
| Information Officer’s Termination Certificate | PDF · Subscribers | |
Initial Recognition Order (re Foreign Main Proceeding)
| PDF · Subscribers | |
Supplemental Recognition Order (re Foreign Main Proceeding)
| PDF · Subscribers | |
| Affidavit of A. Jung (sworn March 11, 2021) | PDF · Subscribers | |
Affidavit of Service of K. May (Sworn March 11, 2021)
| PDF · Subscribers | |
| Supplemental Affidavit of J. Jureller (sworn March 11, 2021) | PDF · Subscribers | |
Affidavit of Service of K. May (sworn March 9, 2021)
| PDF · Subscribers | |
Application Record
| PDF · Subscribers | |
Endorsement of Cavanagh (re Interim Order)
| PDF · Subscribers | |
Factum of the Applicant (Application for Recognition of Foreign Main Proceeding)
| PDF · Subscribers | |
Interim Order (re Foreign Main Proceeding)
| PDF · Subscribers | |
Amended Notice of Motion (Motion for Recognition of U.S. Plan Confirmation Order)
| PDF · Subscribers | |
Notice of Motion (Motion for Recognition of U.S. Plan Confirmation Order)
| PDF · Subscribers | |
Notice of Motion (Motion for Recognition of U.S. Sale Order)
| 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., “Knotel Canada, Inc.” (Foreign recognition (CCAA)), Ontario Superior Court of Justice. Retrieved 16 October 2026, https://proceedings.ca/case/knotel-canada-inc