Proceedings.

Motryx Inc.

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Active
Proceeding
NOIsection 50.4(9) of the Bankruptcy and Insolvency Act
File
45907
Filings held42
Last activity2 Apr 2025
On the record724 days
OverviewSummary updated

Motryx Inc. filed a Notice of Intention to make a proposal on September 27, 2024, commencing proceedings under section 50.4 of the Bankruptcy and Insolvency Act in the Supreme Court of Nova Scotia, In Bankruptcy and Insolvency, under court file number 45907. The proceeding remains active. Nothing further has been recorded since the filing: no proposal, no extension, and no other step appears on the record after the commencement date.

Claims processIf you are owed money

A claims procedure has been established — see the order for deadlines.

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Case updates40 dated entries · 2 undated

37 earlier updates, back to 27 September 2024 subscribers.

Undated filings2 — no date appears on the document · show

2 filings carry no date on their face — subscribers.

Parties

Debtor

Motryx Inc.

Proposal trustee

BDO

Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredRoyal Bank of Canada · in 556 casesGeneral Security Agreement (PPSA Financing Statement, Registration No. 32356222, registered 2020-01-28) over all of the Debtor's present and after-acquired personal property except consumer goods and all proceeds thereof; sole security registration against the Company — Sole secured lender; provided multiple credit card facilities. Proposal Trustee has not completed a security opinion as at the date of the First Report (security opinion pending). — debtor: Motryx Inc.First Report of the Proposal Trustee

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

5 more claims across lower-ranking classesSubscribe to view
Sale processAs stated in the filings

Successful bid selectedthe Sale Process did not produce the submission of any Qualified Bids other than the Court approved Stalking Horse Agreement as submitted by Aerocom, and the Proposal Trustee accepted the Stalking Horse Agreement as the successful bidSixth Report of the Proposal Trustee dated March 7 2025 · 6 Mar 2025

PurchaserPriceStatusSource
Aerocom GMBH & Co.Related partyPurchased Assets · asset sale · nominee/assignee: its nominee · agreement 13 Dec 2024SubscribersApproved20 Dec 2024outside 20 Dec 2024SISP and Stalking Horse Agreement Order…
AdvisorsBDO Canada Limited (financial advisor)SISP and Stalking Horse Agreement Order December 20 2024
Closing termsClosing shall be no later than five (5) business days from the issuance of the Approval and Vesting OrderSISP and Stalking Horse Agreement Order December 20 2024
RecoveriesAs stated in the filings

Secured creditors: no distribution.EstimatedTrustee's Preliminary Report · 16 Apr 2025

ClassCreditorClaimsRecoveryBasisSource
Securedno distributionEstimatedper the trusteeTrustee's Preliminary Report · 16 Apr 2025

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

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Documents
42 filings
DateDocumentFile
Certificate of AppointmentPDF · Subscribers
Notice of Bankruptcy, First Meeting of Creditors
PDF · Subscribers
Amended DIP Financing and DIP Charge Order dated March 13, 2025PDF · Subscribers
Sale Approval and Vesting Order - dated March 13, 2025PDF · Subscribers
Affidavit of Niva Sabeshan dated March 7, 2025PDF · Subscribers
Affidavit of S. Kingston dated March 7 2025PDF · Subscribers
Amended Notice of Motion dated March 6, 2025PDF · Subscribers
Notice of Motion dated March 7 2025PDF · Subscribers
Pre-Hearing Memo dated March 7 2025PDF · Subscribers
Sixth Report of the Proposal Trustee dated March 7 2025
  • Process results 105 solicited · 6 NDAs · 1 qualified bids · as of 10 Feb 2025
  • Purchaser Aerocom GmbH & Co. (related party) · nominee/assignee its nominee · the Assets of the Company · asset sale · approved
  • Sale outcome Successful bid selected — the Sale Process did not produce the submission of any Qualified Bids other than the Court approved Stalking Horse Agreement as submitted by Aerocom, and the Proposal Trustee accepted the Stalking Horse Agreement as the successful bid
  • Stalking horse Subscribers
PDF · Subscribers
Extension Order dated February 21, 2025
  • Order date 21 February 2025
  • Stay extended to 26 March 2025
PDF · Subscribers
Fifth Report of the Proposal Trustee dated February 19, 2025PDF · Subscribers
Draft Amended DIP Financing and DIP Charge OrderPDF · Subscribers
Draft Extension Order
  • Stay extended to 26 March 2025
PDF · Subscribers
Company Notice of MotionPDF · Subscribers
Draft Extension Order - Jan 13 2025
  • Stay extended to 28 February 2025
PDF · Subscribers
Extension Order dated January 16 2025
  • Order date 16 January 2025
  • Stay extended to 28 February 2025
PDF · Subscribers
Amended Notice of Application - Jan 13 2025PDF · Subscribers
Fourth Report of the Proposal Trustee January 13 2025 FINALPDF · Subscribers
SISP and Stalking Horse Agreement Order December 20 2024
  • Bid deadline 7 February 2025
  • Closing terms Closing shall be no later than five (5) business days from the issuance of the Approval and Vesting Order
  • Order date 20 December 2024
  • Outside date 20 December 2024
  • + 3 more extracted facts
PDF · Subscribers
Third Report of the Proposal Trustee_December 16 2024_FINALPDF · Subscribers
Company Written Submission - December 13 2024PDF · Subscribers
Draft SISP and Stalking Horse Agreement Order - December 13 2024PDF · Subscribers
Notice of Motion - December 13 2024PDF · Subscribers
Draft Extension Order - Nov 28 2024
  • Order date 5 December 2024
  • Stay extended to 17 January 2025
PDF · Subscribers
Extension Order December 5, 2024
  • Order date 5 December 2024
  • Stay extended to 17 January 2025
PDF · Subscribers
Second Report of the proposal TrusteePDF · Subscribers
Affidavit of Company - Nov 28 2024PDF · Subscribers
Company Written Submission - Nov 28 2024PDF · Subscribers
Notice of Application - Nov 28 2024PDF · Subscribers
Critical Supplier Order October 22, 2024PDF · Subscribers
Order (Extension, DIP Financing, DIP and Admin Change) dated October 22, 2024
  • Order date 22 October 2024
  • Stay extended to 6 December 2024
PDF · Subscribers
First Report of the Proposal Trustee
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Affidavit of Company
PDF · Subscribers
Company Written Submission
  • Applicant Motryx Inc.
  • Appointee BDO Canada Limited
  • Appointee role Proposal Trustee
  • Commencement date 27 September 2024
  • + 3 more extracted facts
PDF · Subscribers
Draft Extension and Charges Order
  • Stay extended to 11 December 2024
PDF · Subscribers
Notice of Application
  • Applicant Motryx Inc.
  • Commencement date 1 October 2024
  • Court Supreme Court of Nova Scotia
  • Court file no 45907
PDF · Subscribers
NOI Notice - Creditors PackagePDF · Subscribers
Certificate of Notice of IntentionPDF · Subscribers
Company Written Submission - Jan 13 2025PDF · Subscribers
Proof of Claim & Proxy FormPDF · Subscribers
Trustee's Preliminary Report
  • Recovery outcome Entries: per estimated; per estimated · Stated on: 2025-04-16 · Table missing:
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., “Motryx Inc.” (NOI), Supreme Court of Nova Scotia. Retrieved 20 September 2026, https://proceedings.ca/case/motryx-inc

Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/motryx-inc

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.