Proceedings.

Nimbus Water Systems Inc.

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Proceeding
Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
Court
Ontario Superior Court of Justice · Commercial List
File
CV-21-00667395-00CL
Industry
Construction · Specialty trade contractors
Filings held31
Last activity8 Oct 2025
On the record1,900 days
Secured debtSubscribers
OverviewSummary updated

Nimbus Water Systems Inc. was placed in court-appointed receivership on August 23, 2021 by order of the Ontario Superior Court of Justice (Commercial List), under Court File No. CV-21-00667395-00CL. The appointment rests on section 243 of the Bankruptcy and Insolvency Act together with provincial Judicature Act jurisdiction, the standard dual basis for a national receivership order in Ontario. The receivership order is the only step recorded in this proceeding, and the matter is now carried as closed.

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Case updates31 dated entries
#Order

Receivership order granted, commencing the proceeding against Nimbus Water Systems Inc. under BIA s. 243 and provincial Judicature Act jurisdiction on the Ontario Commercial List.

Source: Receivership Order

Parties

Debtor

Nimbus Water Systems Inc.

Receiver

BDO

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice ConwayOntario Superior Court of Justice4 orders, Nov 2021310 cases on record
Justice KimmelOntario Superior Court of Justice2 orders, Oct 2025198 cases on record
Justice McEwenOntario Superior Court of Justice2 orders, Jan 2022143 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverBDOThornton Grout Finnigan LLP · Robins Appleby LLP4 Nov 2021Endorsement · 18 Jan 2022
ApplicantNational Bank of CanadaThornton Grout Finnigan LLP8 Sep 2021Service list · 8 Sep 2021
PurchaserStalking Horse and JLHDChaitons LLP18 Jan 2022Endorsement · 18 Jan 2022
Creditor2752837 Ontario IncChaitons LLP11 Nov 2021Factum · 11 Nov 2021
CreditorBank of Nova ScotiaKronis, Rotsztain, Margles, Cappel LLP8 Sep 2021Application · 14 Jan 2022
CreditorFord Credit Canada CompanyMitchell & Associates8 Sep 2021Service list · 8 Sep 2021
CreditorJLHD Investments IncChaitons LLP8 Sep 2021Service list · 8 Sep 2021
CreditorMercedes-Benz Financial Services Canada CorporationChaitons LLP · Dentons Canada LLP8 Sep 2021Service list · 8 Sep 2021
CreditorPanagioti (Peter) BozzoCapo, Sgro LLP8 Sep 2021Service list · 8 Sep 2021
CreditorPeter BozzoProfessional Corporation Gilmour Barristers10 Nov 2021Affidavit · 10 Nov 2021
Capital structureAs asserted in the filings
#Priority classCreditorAmountSource
4SecuredNational Bank of Canada · in 101 casesGeneral Security Agreements (all present and after-acquired personal property, excluding consumer goods) dated Aug 28, 2019 from Borrowers and Corporate Guarantors; Charge/Mortgage of Land in the principal amount of $12,600,000 registered Sept 16, 2019 against Oakdale's Real Property (112 Oakdale Road, Toronto); General Assignment of Rents and Leases dated Aug 28, 2019 registered Sept 16, 2019; unlimited cross-guarantees (Nimbus/Oakdale) and unlimited Corporate Guarantees (Nimbus Water, 365 Pro, 224, Water Filter) each dated Aug 28, 2019, secured by first-ranking GSAs; PPSA registrations again · as of 18 Aug 2021$11.8MApplication Record of National Bank of Canada 19-August-2021
4Secured
4Secured
4Secured
4Secured
4Secured
5PMSI / lessors

6 more claims in 2 classes The stack holds Secured and PMSI / lessors claims.

Every creditor and every amount.

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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.

RecoveriesAs declared or paid

National Bank of Canada: paid in full.FinalMotion Record · 29 Sep 2025

ClassCreditorClaimsRecoveryBasisSource
SecuredNational Bank of Canada—paid in fullfinalFinalper the receiverMotion Record · 29 Sep 2025
SecuredTricor Lease & Finance and the Bank of Nova Scotia—paid in fullFinalper the receiverMotion Record · 29 Sep 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.

2 blurred figures above

The claims and what each class or creditor recovers — each as the filing states it, with its source.

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Documents
31 filings
DateDocumentFile
Discharge Order
  • Counsel Thornton Grout Finnigan LLP
  • Presiding officer Justice Kimmel
PDF · Subscribers
Endorsement
  • Presiding officer Justice Kimmel
PDF · Subscribers
Motion Record
  • Recovery outcome Entries: per actual; per actual · Stated on: 2025-09-29 · Table missing:
PDF · Subscribers
Order and Endorsement January 18, 2022
  • Counsel Chaitons LLP
  • Presiding officer Justice McEwen
PDF · Subscribers
Factum-The Bank of Nova Scotia-14-JAN-2022
  • Counsel Kronis, Rotsztain, Margles, Cappel LLP
PDF · Subscribers
Motion Record-The Bank of Nova Scotia-14-JAN-2022
  • Counsel Kronis, Rotsztain, Margles, Cappel LLP
PDF · Subscribers
Motion Record of the Receiver returnable January 18, 2022
  • Recovery outcome Entries: per actual; per estimated · Stated on: 2022-01-12 · Table missing: The chart below illustrates the funds that will be remaining in the estate once the proposed distributions are made:
PDF · Subscribers
Motion Record of the Receiver dated January 7, 2022PDF · Subscribers
Order of Justice McEwen dated January 7, 2022
  • Counsel Thornton Grout Finnigan LLP
  • Presiding officer Justice McEwen
PDF · Subscribers
Approval and Vesting Order 12-NOV-2021
  • Counsel Thornton Grout Finnigan LLP
  • Presiding officer Justice Barbara A. Conway
PDF · Subscribers
Conway J endorsement November 12 2021
  • Presiding officer Justice Conway
PDF · Subscribers
Fee & Activity Approval Order 12-NOV-2021
  • Counsel Thornton Grout Finnigan LLP
  • Presiding officer Justice Barbara A. Conway
PDF · Subscribers
Factum-2752837 Ontario Inc.-Stalking Horse Purchaser-11-November-2021
  • Counsel Chaitons LLP
PDF · Subscribers
Supplemental Report to the Second Report of Receiver
PDF · Subscribers
Sworn affidavit of Colin James
  • Counsel How: operator-correction · Firm: Professional Corporation Gilmour Barristers · For text: Respondents and Peter Bozzo · Firm party id: 1dd96d4b-56ab-4132-8104-5cc75bb827e8
  • Financial position · Secured creditors Subscribers
PDF · Subscribers
Sworn affidavit of Steve CacertaPDF · Subscribers
Communication from Justice Conway
  • Presiding officer Justice Conway
PDF · Subscribers
Motion Record for adjournmentPDF · Subscribers
Factum of the Receiver 4-November-2021
  • Counsel Thornton Grout Finnigan LLP
PDF · Subscribers
Motion Record returnable November 9, 2021PDF · Subscribers
Order Approving Sale and Investment Solicitation Process and Endorsement
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Motion Record of the Receiver dated September 8, 2021PDF · Subscribers
Nimbus Service List - as at Sept 8, 2021
  • Counsel Thornton Grout Finnigan LLP
PDF · Subscribers
Notice and Statement of Receiver S245-246 2242462 Ontario LimitedPDF · Subscribers
Notice and Statement of Receiver S245-246 365 Pro Installations IncPDF · Subscribers
Notice and Statement of Receiver S245-246 Nimbus Environmental Solutions IncPDF · Subscribers
Notice and Statement of Receiver S245-246 Nimbus Water Systems IncPDF · Subscribers
Notice and Statement of Receiver S245-246 Oakdale Enterprises IncPDF · Subscribers
Notice and Statement of Receiver S245-246 Water Filter Cart IncPDF · Subscribers
Receivership Order
  • Commencement date 23 August 2021
  • Court ONTARIO SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Court file no CV-21-00667395-00CL
  • Province Ontario
PDF · Subscribers
Application Record of National Bank of Canada 19-August-2021
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., “Nimbus Water Systems Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 4 November 2026, https://proceedings.ca/case/nimbus-water-systems-inc

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