LSI Logistix Canada Inc. Et al.
Follow- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CV-22-00682169-00CL
LSI Logistix Canada Inc. and affiliated debtors were placed into court-appointed receivership on June 20, 2022 by the Ontario Superior Court of Justice (Commercial List), under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding carries court file number CV-22-00682169-00CL. The file is now closed. The receivership order of June 20, 2022 remains the only milestone captured on this page: no receiver's reports, sale approvals, distribution orders or discharge materials are reflected in the record, and no hearing dates are recorded.
Commenced the proceeding: the Commercial List made a receivership order over LSI Logistix Canada Inc. and the related debtors under court file CV-22-00682169-00CL.
Motion Record of the Plaintiff, HSBC Bank Canada returnable June 20, 2022 — Application / notice of application
Debtor
LSI Logistix Canada Inc. Et al.
Receiver
BDO
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Penny | Ontario Superior Court of Justice | 2 orders, Jun 2022 | 179 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantHSBC Bank Canada | Thornton Grout Finnigan LLP | 20 Jun 2022 | Order · 20 Jun 2022 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | HSBC Bank Canada · in 54 casesGeneral security agreements (GSAs) dated April 23, 2019 from the Debtor and each Corporate Guarantor over all present and after-acquired personal property, assets and undertaking; unlimited corporate guarantees from each Guarantor dated April 23, 2019; PPSA registrations against all Debtors made March 12, 2019 against all classes of collateral except consumer goods — Aggregate principal amount outstanding under the Credit Facilities (Operating Loan, BDC Co-Lend Facility and FX Facility), including interest and costs; also includes US$414.39 outstanding as at same date. Also secured by a limite · as of 30 May 2022 | $1.86M | Motion Record of the Plaintiff, HSBC Bank Canada returnable June 20, 2022 |
| 4 | Secured | HSBC Bank Canada · in 54 casesGeneral security agreement dated April 23, 2019 — Unauthorized overdraft on a separate Wheels account with the Bank as at May 30, 2022. — debtor: LSI Wheels Inc. · as of 30 May 2022 | $217 | Motion Record of the Plaintiff, HSBC Bank Canada returnable June 20, 2022 |
| 5 | PMSI / lessors | PPSA equipment financiers (PMSI class) · in 183 casesPrior-in-time PPSA registrations against specified inventory, equipment and motor vehicle collateral; includes registration by Mercado Capital Corporation on January 18, 2019 against equipment/other/motor vehicles re: two Wabash frame vans (Wheels), and several other prior-in-time registrations against the Debtor's prior name in respect of specified inventory, equipment and motor vehicle collateral — Collateral subject to these Prior-in-Time Registrations is expressly carved out of the definition of 'Property' in the proposed receivership order; amounts not stated in the record. — debtor: LSI | — | Motion Record of the Plaintiff, HSBC Bank Canada returnable June 20, 2022 |
“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.
Closed · the record states no distribution outcome.
| Date | Document | File |
|---|---|---|
Discharge Order dated January 28 2025
| ||
Endorsement of Justice Dietrich dated January 28, 2025
| ||
Endorsement of Justice Penny dated June 20, 2022
| ||
Motion Record of the Plaintiff, HSBC Bank Canada returnable June 20, 2022
| ||
Receivership Order dated June 20, 2022
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “LSI Logistix Canada Inc. Et al.” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 20 September 2026, https://proceedings.ca/case/lsi-logistix-canada-inc-et-al