#Report
The officer filed report no. Interim Report under Section 246(2). All of Newsweb's assets have been realized to the extent possible, and realizations are insufficient to repay secured creditors, leaving no funds for other creditors.
Newsweb Printing and Distribution Inc.
ActiveFollow
- 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
- Industry
- Manufacturing · Wood, paper & printing
OverviewSummary updated
Newsweb Printing and Distribution Inc. 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 $875,187.55. A statement of assets as at 28 May 2013 totalled $1,273,000, mainly fixed assets. The proceeding remains active.
Proceedings AIOpen Proceedings AI
Case updates9 dated entries
#Report
The officer filed a report. The Receiver reports that all assets have been realized upon to the extent possible, and that realizations will not be sufficient to repay secured creditors, leaving no funds for other creditors.
#Report
The officer filed a report. All assets have been realized upon to the extent possible. Realizations will not be sufficient to repay secured creditors, so no funds will be available for other creditors.
Source: 246(2) newsweb 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, while accounts receivable collection continues. Realizations will be insufficient to repay secured creditors, leaving nothing for other creditors.
#Sale
The court granted an approval and vesting order. Court file CV-13-10131-00CL.
Source: approval and vesting order morawetz j june 14 2013.pdf
Parties
Debtor
Newsweb Printing and Distribution Inc.
Receiver
Fuller Landau
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Morawetz | Ontario Superior Court of Justice | 2 orders, May 2013 – Jun 2013 | 141 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverFuller Landau | Davis LLP (now DLA Piper (Canada) LLP) | 18 Jun 2013 | Service list · 18 Jun 2013 |
| ApplicantRoyal Bank of Canada | Aird & Berlis LLP | 18 Jun 2013 | Service list · 18 Jun 2013 |
| CreditorBDC Capital Inc | Borden Ladner Gervais LLP | 18 Jun 2013 | Service list · 18 Jun 2013 |
| CreditorMerit Paper & Bag Company Limited | Clark, Farb, Fiksel | 18 Jun 2013 | Service list · 18 Jun 2013 |
| CreditorRoyal Bank of Canada | Aird & Berlis LLP | 28 May 2013 | Order · 28 May 2013 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 584 casesGeneral Security Agreement (GSA) — debtor: Newsweb Printing and Distribution Inc. · as of 28 May 2013 | $4.17M | receiver notice - newsweb.pdf |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured |
7 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale processAs stated in the filings
Sale approved — Sale process, auction agreement and transaction approved; vesting to occur upon delivery of Receiver's Certificateapproval and vesting order morawetz j june 14 2013.pdf · 14 Jun 2013
| Purchaser | Price | Status | Source |
|---|---|---|---|
| purchaser under the Auction Agreement/at auction, unnamedsome or all of the Fixed Assets as described in the Auction Agreement · auction | not stated | Approved14 Jun 2013 | approval 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, satisfaction/waiver of closing conditions, and completion of the Transaction.approval and vesting order morawetz j june 14 2013.pdf
Sealed materialsappendices relating 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
$62.8K
As at 1 Sep 2015Interim Report Under Section 246(2) to May 28, 2015
Cumulative disbursements
As at
Cash on hand
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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See all plansDocuments
9 filings
| Date | Document | File |
|---|---|---|
Interim Report Under Section 246(2) to May 28, 2015
| PDF · Subscribers | |
246(2) Newsweb to November 28, 2014
| PDF · Subscribers | |
246(2) newsweb may 28-14.pdf
| PDF · Subscribers | |
interim report under section 246(2) - newsweb.pdf
| PDF · Subscribers | |
service list for website - updated june 18 2013.pdf
| PDF · Subscribers | |
approval and vesting order morawetz j june 14 2013.pdf
| PDF · Subscribers | |
endorsement morawetz j june 14 2013.pdf
| PDF · Subscribers | |
receiver notice - newsweb.pdf
| PDF · Subscribers | |
receivership order morawetz j - multicom media may 28 2013 2.pdf
| 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., “Newsweb Printing and Distribution Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/newsweb-printing-and-distribution-inc