Proceedings.

Multicom Media Services Ltd.

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Proceeding
Receivership (court-appointed)subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
File
CV-13-10131-00CL
Filings held9
Last activity1 Sep 2015
On the record4,892 days
Secured debtSubscribers
OverviewSummary updated

Multicom Media Services Ltd. was placed in court-appointed receivership on 14 June 2013 by the Ontario Superior Court of Justice (Commercial List), under subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, on the application of the Royal Bank of Canada (court file CV-13-10131-00CL). The Fuller Landau Group Inc. was appointed as receiver. Secured claims include $4,167,689.14 owed to the Royal Bank of Canada and $335,689.14 to BDC Capital Inc., while unsecured creditors are reported at $9,802,769.16. A statement of assets as at 28 May 2013 totalled $8,833,000, chiefly accounts receivable. The proceeding remains active.

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Case updates8 dated entries · 1 undated
#Report

The officer filed report no. Interim Report under Section 246(2). The Receiver continues administering Multicom's estate, has filed a claim with the CRA under the Ontario Interactive Media Digital Tax Credit program, and notes that realizations to date may be insufficient to fully repay secured creditors, leaving nothing for other creditors.

Source: Interim Report Under Section 246(2) to May 28, 2015

#Report

The officer filed a report. The Receiver is continuing efforts to realize on the Company's assets, and states that realizations to date may not suffice to repay the secured creditors, leaving nothing for other creditors.

Source: 246(2) Multicom to November 28, 2014

#Report

The officer filed a report. The Receiver is continuing to realize on the Company's assets; realizations to date may be insufficient to repay secured creditors, leaving nothing for other creditors.

Source: 246(2) multicom to may 28-14.pdf

#Report

The officer filed a report. The Receiver has obtained Court approval of its sales and marketing activities and of the sale of assets, and accounts receivable collection continues. Realizations will not be sufficient to repay the secured creditors in full, so nothing will be available to other creditors.

Source: interim report under section 246(2) - multicom.pdf

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

receiver notice - multicom.pdf — Private appointment (s. 245 notice)

PDF · Subscribers

Parties

Debtor

Multicom Media Services Ltd.

Receiver

Fuller Landau

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice MorawetzOntario Superior Court of Justice2 orders, May 2013 – Jun 2013141 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverFuller LandauDavis LLP (now DLA Piper (Canada) LLP)18 Jun 2013Service list · 18 Jun 2013
ApplicantRoyal Bank of CanadaAird & Berlis LLP18 Jun 2013Service list · 18 Jun 2013
CreditorBDC Capital IncBorden Ladner Gervais LLP18 Jun 2013Service list · 18 Jun 2013
CreditorMerit Paper & Bag Company LimitedClark, Farb, Fiksel18 Jun 2013Service list · 18 Jun 2013
CreditorRoyal Bank of CanadaAird & Berlis LLP28 May 2013Order · 28 May 2013
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredRoyal Bank of Canada · in 584 casesGSA — debtor: Multicom Media Services Inc. · as of 28 May 2013$4.17Mreceiver notice - multicom.pdf
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
8Unsecured

9 more claims in 2 classes The stack holds Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

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Sale processAs stated in the filings

Sale approved — Sale process, auction agreement and transaction approved by the Courtapproval and vesting order morawetz j june 14 2013.pdf · 14 Jun 2013

PurchaserPriceStatusSource
end purchaser(s) at Maynards auction, unnamedthe Debtors' right, title and interest in and to some or all of the Fixed Assets as described in the Auction Agreement · auctionnot statedApproved14 Jun 2013approval and vesting order morawetz j june 14…
AdvisorsMaynards Canada (auctioneer)approval and vesting order morawetz j june 14 2013.pdf
Closing termsVesting occurs upon delivery of the Receiver's Certificate confirming payment of the purchase price and satisfaction of closing conditions.approval and vesting order morawetz j june 14 2013.pdf
Sealed materialsappendices in relation to three auction proposals attached to the Receiver's First Reportapproval and vesting order morawetz j june 14 2013.pdf
Estate financialsReported figures — never derived
Total assets at filing

As at ·

Cumulative receipts

$35.5K

As at 1 Sep 2015Interim Report Under Section 246(2) to May 28, 2015

Cumulative disbursements

As at

Professional fees

As at

2 more reported figures, and the total the debtor stated at filing

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

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Documents
9 filings
DateDocumentFile
Interim Report Under Section 246(2) to May 28, 2015
  • Operational summary The Receiver continues administering Multicom's estate, has filed a claim with the CRA under the Ontario Interactive Media Digital Tax Credit program, and notes that realizations to date may be insufficient to fully repay secured creditors, leaving nothing for other creditors.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
246(2) Multicom to November 28, 2014
  • Operational summary The Receiver is continuing efforts to realize on the Company's assets, and states that realizations to date may not suffice to repay the secured creditors, leaving nothing for other creditors.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 3 more extracted facts
PDF · Subscribers
246(2) multicom to may 28-14.pdf
  • Operational summary The Receiver is continuing to realize on the Company's assets; realizations to date may be insufficient to repay secured creditors, leaving nothing for other creditors.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 3 more extracted facts
PDF · Subscribers
interim report under section 246(2) - multicom.pdf
  • Operational summary The Receiver has obtained Court approval of its sales and marketing activities and of the sale of assets, and accounts receivable collection continues. Realizations will not be sufficient to repay the secured creditors in full, so nothing will be available to other creditors.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 3 more extracted facts
PDF · Subscribers
service list for website - updated june 18 2013.pdf
  • Counsel Davis LLP
PDF · Subscribers
approval and vesting order morawetz j june 14 2013.pdf
  • Applicant ROYAL BANK OF CANADA
  • Appointee Fuller Landau Group Inc.
  • Appointee role Court-appointed receiver
  • Closing terms Vesting occurs upon delivery of the Receiver's Certificate confirming payment of the purchase price and satisfaction of closing conditions.
  • + 11 more extracted facts
PDF · Subscribers
endorsement morawetz j june 14 2013.pdf
  • Applicant ROYAL BANK OF CANADA
  • Court SUPERIOR COURT OF JUSTICE
  • Court file no CV-13-10131-00CL
  • Province ONTARIO
PDF · Subscribers
receivership order morawetz j - multicom media may 28 2013 2.pdf
  • Applicant Royal Bank of Canada
  • Appointee The Fuller Landau Group Inc.
  • Appointee role receiver
  • Counsel Aird & Berlis LLP
  • + 3 more extracted facts
PDF · Subscribers
receiver notice - multicom.pdf
  • Financial position · Secured creditors · Unsecured creditors Subscribers
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., “Multicom Media Services Ltd.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/multicom-media-services-ltd

Sources last checked · summary updated 24 August 2026 · Report a correction · Printed from proceedings.ca/case/multicom-media-services-ltd

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.