Norcon Marine Services Limited
Follow- Proceeding
- Receivership (private)Subsection 245(1) of the Act
Norcon Marine Services Limited is in active insolvency proceedings, a receiver having been appointed under Business Development Bank of Canada's security over the vessels MV NORCON OCEANUS and MV NORTHERN SEAL. As of January 14, 2020, BDC's secured claim stood at $1,395,500.00 and the Bank of Nova Scotia's at $1,787,321.00, each held on specific property. A Form 33 list of creditors with claims of $250 or more records both lenders again as unsecured claimants at different figures: Scotiabank at $1,455,103.00 and $332,218.30, and BDC at $1,388,058.43. The Canada Revenue Agency appears for deemed trust claims of $213,062.00 and $244,777.00. Larger trade claims include Eastern Foundry Ltd at $440,693.00, Clarenville Dry Dock at $330,000.00, DNV - Det Norske Veritas (Canada) Limited at $197,083.82 and CBDC South Coast at $102,817.60.
Debtor
Norcon Marine Services Limited
Receiver
Doane Grant Thornton
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Bank of Nova Scotia · in 71 casesSecurity on the specific property described in the Notice — Also listed twice as unsecured claimant in Form 33 List of Creditors with different amounts ($1,455,103.00 and $332,218.30) - see unsecured_creditors entries — debtor: Norcon Marine Services Ltd. · as of 14 Jan 2020 | $1.79M | Notice and Statement of the Receiver.pdf |
| Date | Document | File |
|---|---|---|
Tender Process.pdf
| PDF · Subscribers | |
Notice and Statement of the Receiver.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., “Norcon Marine Services Limited” (Receivership (private)). Retrieved 20 September 2026, https://proceedings.ca/case/norcon-marine-services-limited