Proceedings.

Komtech Enterprises Limited and 2277247 Ontario Limited

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Proceeding
Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
File
CV-13-10248-00CL
Filings held10
Last activity21 Jul 2015
On the record4,796 days
OverviewSummary updated

Komtech Enterprises Limited and 2277247 Ontario Limited are the subject of court-appointed receivership proceedings before the Ontario Superior Court of Justice, commenced September 18, 2013 on the application of the Royal Bank of Canada under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, in court file CV-13-10248-00CL. The Fuller Landau Group Inc. is named as receiver. The Royal Bank of Canada, the first secured creditor, issued a notice of intention to enforce security under section 244 of the Act on August 13, 2013. Niti Mathur is listed as a second secured creditor. The matter remains active.

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Case updates9 dated entries · 1 undated
#Report

The officer filed report no. Interim Report under Section 246(2). The receivership is winding down with the Receiver working to recover outstanding HST refunds; a shortfall to the secured creditor is expected, so no funds will be available for distribution to other creditors.

Source: Interim Report Under Section 246(2) to March 18, 2015

#Report

The officer filed report no. Interim Report under Section 246(2). The Receiver continues efforts to realize on Komtech's SRED claims, accounts receivable and loans receivable, and cannot yet determine whether a distribution to creditors will be possible.

Source: Receiver's Report to September 18, 2014

Undated filings1 — no date appears on the document · show
Parties

Debtor

Komtech Enterprises Limited and 2277247 Ontario Limited

Receiver

Fuller Landau

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice NewbouldOntario Superior Court of Justice1 order, Sep 2013111 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverFuller LandauDavis LLP (now DLA Piper (Canada) LLP)23 Oct 2013Order · 23 Oct 2013
CreditorRoyal Bank of CanadaAird & Berlis LLP18 Sep 2013Order · 18 Sep 2013
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredRoyal Bank of Canada (RBC) · in 584 casesFirst secured creditor; issued demands and Notice of Intention to Enforce under s.244 BIA on August 13, 2013; applied for and obtained receivership appointment. No specific balance stated in these pages. — debtor: Komtech Enterprises Limited and 2277247 Ontario Limited—receivers first report to court.pdf
Secured

1 more claim in 1 class The stack holds Secured claims.

Every creditor and every amount.

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

This 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.

Sale processAs stated in the filings

Sale approved — Sale of Fixed Assets to Infinity Asset Solutions Inc. approvedapproval and vesting order dated october 23 2013.pdf · 23 Oct 2013

PurchaserPriceStatusSource
Infinity Asset Solutions Inc.all of the Debtors' right, title and interest in and to all of the Fixed Assets · asset saleSubscribersApproved23 Oct 2013approval and vesting order dated october 23…
Closing termsVesting occurs upon delivery of a Receiver's Certificate confirming payment of the purchase price and satisfaction/waiver of closing conditionsapproval and vesting order dated october 23 2013.pdf
Sealed materialsConfidential Index to the Receiver's First Reportapproval and vesting order dated october 23 2013.pdf
RecoveriesAs stated in the filings

Unsecured creditors: not yet estimated.Receiver's Report to September 18, 2014 · 15 Jan 2015

ClassCreditorClaimsRecoveryBasisSource
Secured——shortfallper the receiverInterim Report Under Section 246(2) to March 18, 2015 · 21 Jul 2015
Unsecured——not yet estimatedper the receiverReceiver's Report to September 18, 2014 · 15 Jan 2015

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.

Estate financialsReported figures — never derived

Cumulative receipts

$3.35M

As at 21 Jul 2015Interim Report Under Section 246(2) to March 18, 2015

Cumulative disbursements

As at

Cash on hand

As at

2 more reported figures

Each one as the filing states it, with its source.

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Documents
10 filings
DateDocumentFile
Interim Report Under Section 246(2) to March 18, 2015
  • Operational summary The receivership is winding down with the Receiver working to recover outstanding HST refunds; a shortfall to the secured creditor is expected, so no funds will be available for distribution to other creditors.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 5 more extracted facts
PDF · Subscribers
Receiver's Report to September 18, 2014
  • Operational summary The Receiver continues efforts to realize on Komtech's SRED claims, accounts receivable and loans receivable, and cannot yet determine whether a distribution to creditors will be possible.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 5 more extracted facts
PDF · Subscribers
approval and vesting order dated october 23 2013.pdf
  • Closing terms Vesting occurs upon delivery of a Receiver's Certificate confirming payment of the purchase price and satisfaction/waiver of closing conditions
  • Counsel Davis LLP
  • Order date 23 October 2013
  • Purchaser Infinity Asset Solutions Inc. · all of the Debtors' right, title and interest in and to all of the Fixed Assets · asset sale · approved
  • + 3 more extracted facts
PDF · Subscribers
motion record rtn. october 23 2013.pdfPDF · Subscribers
receivers first report to court.pdf
  • Process results 6 solicited
  • Purchaser Infinity Asset Solutions Inc. · all of Komtech's fixed assets (the "Fixed Assets") · auction · proposed
  • Sale outcome Approval pending — Receiver requesting approval to enter into sale agreement with Infinity for the Fixed Assets, and vesting title upon closing
  • Financial position Subscribers
  • + 3 more extracted facts
PDF · Subscribers
application record re komtech september 18 2013_part1.pdf
  • Applicant ROYAL BANK OF CANADA
  • Appointee THE FULLER LANDAU GROUP INC.
  • Appointee role Proposed Receiver
  • Commencement date 13 September 2013
  • + 2 more extracted facts
PDF · Subscribers
application record re komtech september 18 2013_part2.pdfPDF · Subscribers
application record re komtech september 18 2013_part3.pdf
  • Counsel Aird & Berlis LLP
PDF · Subscribers
appointment order dated september 18 2013.pdf
  • Applicant ROYAL BANK OF CANADA
  • Appointee The Fuller Landau Group Inc.
  • Appointee role receiver
  • Commencement date 18 September 2013
  • + 6 more extracted facts
PDF · Subscribers
proof of claim - blank komtech.pdfPDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Komtech Enterprises Limited and 2277247 Ontario Limited” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/komtech-enterprises-limited-and-2277247-ontario-limited

Sources last checked · summary updated 24 August 2026 · Report a correction · Printed from proceedings.ca/case/komtech-enterprises-limited-and-2277247-ontario-limited

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.