Mustard Capital Inc. filed a notice of intention to make a proposal under subsection 50.4(1) of the Bankruptcy and Insolvency Act on January 26, 2012, with Ernst & Young Inc. as trustee, and the Saskatchewan proceedings remain active. A Listing of Creditors as at January 27, 2012 records unsecured claims led by The Super Poly Partnership at $2,152,000, ANDERSON & COMPANY at $790,516 and Tyler Wilson at $270,000, alongside trade, utility, government and freight claims and several obligations denominated in United States dollars, including Geo. H. Young & Co., Ltd. at USD $103,051. A February 6, 2012 order granted an Interim Financing Charge of up to $250,000 securing post-filing advances from Granosa AG, which have been fully advanced.
The officer filed report no. Third Report of the Trustee. MCI continues its mustard milling and cleaning operations in Saskatchewan while a Solicitation Process to sell/restructure the business yielded only two unacceptably low offers; the Company is now seeking additional time to work with its senior secured lender on alternative outcomes.
Source: Third Report of the Trustee
The officer filed report no. Second Report of the Trustee. MCI continues operating its mustard milling and cleaning business while seeking an extension of the NOI proposal period to pursue a solicitation process for offers.
Commenced the proceedings by notice of intention to make a proposal under subsection 50.4(1) of the BIA, with Ernst & Young Inc. acting as trustee.
Debtor
Mustard Capital Inc
Proposal trustee
EY
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Smith | Court of King's Bench for Saskatchewan | 3 orders, Feb 2012 | 16 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorMustard Capital Inc | MacPHERSON LESLIE & TYERMAN LLP | 3 Feb 2012 | Order · 3 Feb 2012 |
| CreditorBank of Nova Scotia | Woloshyn & Company | 3 Feb 2012 | Order · 3 Feb 2012 |
| CreditorGranosa AG | McDougall Gauley LLP | 3 Feb 2012 | Order · 3 Feb 2012 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Granosa AGas of February 6, 2012 Order (Interim Financing Charge) — Interim Financing Charge granted under February 6 Order, up to $250,000; fully advanced — Interim (post-filing) financing lender under Court-ordered charge, not part of pre-filing capital structure — debtor: Mustard Capital Inc. | $250K | 1st Report of the Trustee Under NOI |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
117 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansCumulative receipts
$910K
As at 9 Apr 2012Third Report of the Trustee
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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See all plans| Date | Document | File |
|---|---|---|
Third Report of the Trustee
| PDF · Subscribers | |
| Affidavit of Thomas Halpenny | PDF · Subscribers | |
Order
| PDF · Subscribers | |
2nd Report of the Trustee under NOI
| PDF · Subscribers | |
| Affidavit of Tom Halpenny - sworn | PDF · Subscribers | |
1st Report of the Trustee Under NOI
| PDF · Subscribers | |
| Affidavit of Doug Helmcken - sworn | PDF · Subscribers | |
Notice of Motion
| PDF · Subscribers | |
Order - Dated
| PDF · Subscribers | |
| Supplementary Affidavit of Thomas Halpenny - sworn | PDF · Subscribers | |
| Affidavit of Thomas Halpenny - sworn | PDF · Subscribers | |
Ex Parte Order
| PDF · Subscribers | |
Certificate of Filing - Notice of Intention
| PDF · Subscribers | |
Notice of Intention to Make a Proposal
| 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., “Mustard Capital Inc” (NOI), Court of King's Bench for Saskatchewan. Retrieved 4 November 2026, https://proceedings.ca/case/mustard-capital-inc
Sources last checked · summary updated 31 August 2026 · Report a correction · Printed from proceedings.ca/case/mustard-capital-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.