Proceedings.

Norwood Industries

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Closed
Proceeding
CCAACompanies' Creditors Arrangement Act, R.S.C 1985, c. C-36, as amended
Court
Ontario Superior Court of Justice · Commercial List
File
CV-25-00751289-00CL
Filings held26
Last activity19 May 2026
On the record374 days
OverviewSummary updated

Norwood Industries Inc. remains under CCAA protection in the Ontario Superior Court of Justice (Commercial List), Court File No. CV-25-00751289-00CL, having obtained an Initial Order on September 12, 2025 with a stay expiring September 22, 2025. The Initial Order granted a first-ranking Administration Charge of up to $250,000 for the Monitor, its counsel and the Applicant's counsel, and a second-ranking Director's Charge of up to $364,000 for the directors and officers. KSV Restructuring Inc. is Monitor and has filed two reports, on September 17 and September 29, 2025. On October 3, 2025 the Court granted an Approval and Vesting Order for a sale to 1001355216 Ontario Inc. Reported cash on hand is $1,346,000.

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Case updates27 dated entries

24 earlier updates, back to 12 September 2025 — subscribers.

Parties

Debtor

Norwood Industries

Monitor

KSV

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice SteeleOntario Superior Court of Justice3 orders, Sep 2025220 cases on record
Justice KimmelOntario Superior Court of Justice2 orders, Oct 2025182 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorKSVNorton Rose Fulbright Canada LLP8 Oct 2025Service list · 8 Oct 2025
ApplicantNorwood IndustriesMcCarthy Tétrault LLP9 Sep 2025Service list · 8 Oct 2025
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
Court-ordered chargesDirector's Charge — Second - Director's Charge (to the maximum amount of $364,000)$364KNorwood CCAA Initial Order dated September 12, 2025
4 more claims across lower-ranking classesSubscribe to view⁠
Sale processPer the transactions

Sale approvedApproval and Vesting Order dated October 3, 2025 · 3 Oct 2025

PurchaserPriceStatusSource
1001355216 ONTARIO INC.not statedApproved3 Oct 2025Approval and Vesting Order dated October 3, 2025
Closing termsVesting of the Purchased Assets in the Purchaser occurs upon delivery of the Monitor's Certificate to the Applicant and the Purchaser (or their counsel), confirming satisfaction/waiver of closing conditions under sections 4.1 and 4.3 of the Sale Agreement and receipt of the Purchase Price by the Applicant.Approval and Vesting Order dated October 3, 2025
Sealed materialsConfidential Exhibit "1" to the Ross Affidavit, containing the Purchase PriceApproval and Vesting Order dated October 3, 2025
RecoveriesAs declared or paid

Unsecured creditors: no distribution. Monroe Capital LLC short.EstimatedTrustee's Report on Preliminary Administration · 13 Mar 2026

ClassCreditorClaimsRecoveryBasisSource
SecuredMonroe Capital LLC—shortfallFinalper the trusteeTrustee's Report on Preliminary Administration · 13 Mar 2026
Unsecured——no distributionEstimatedper the trusteeTrustee's Report on Preliminary Administration · 13 Mar 2026

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.

Fees and ratesAs stated in the filings

7 engagements · 3 firms — latest: Norton Rose Fulbright Canada LLP, to 23 Sep 2025Second Report of the Monitor · 29 Sep 2025

FirmPeriodHoursFeesRatesSource
KSV Restructuring Inc.Monitorperiod 4 of 415 Sep – 21 Sep 2025———2 peopleSecond Report of the Monitor · 29 Sep 2025
KSV Restructuring Inc.Monitorperiod 4 of 421 May – 21 Sep 2025———2 peopleSecond Report of the Monitor · 29 Sep 2025
KSV Restructuring Inc.Monitorperiod 4 of 4to 21 Sep 2025———Second Report of the Monitor · 29 Sep 2025
KSV Restructuring Inc.Monitorperiod 1 of 42 Jul – 14 Sep 2025———2 peopleSecond Report of the Monitor · 29 Sep 2025
Norton Rose Fulbright Canada LLPCounselperiod 2 of 2to 23 Sep 2025———10 peopleSecond Report of the Monitor · 29 Sep 2025
Norton Rose Fulbright Canada LLPCounselperiod 1 of 2————Second Report of the Monitor · 29 Sep 2025
Norton Rose Fulbright US LLPCounselto 23 Sep 2025———3 peopleSecond Report of the Monitor · 29 Sep 2025
87 stated figures across 7 engagements, each sourcedSubscribe to view⁠
Estate financialsReported figures — never derived

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Cumulative receipts

$1.06M

As at 17 Sep 2025First Report of the Monitor dated September 17, 2025

2 more reported figures, as at 17 Sep 2025Subscribe to view⁠
Documents
26 filings
DateDocumentFile
CCAA Termination Certificate dated May 19, 2026PDF · Subscribers
Trustee's Report on Preliminary Administration dated March 13, 2026
  • Recovery outcome Entries: per actual; per estimated · Stated on: 2026-03-13 · Table missing:
PDF · Subscribers
Notice of Bankruptcy and First Meeting of Creditors dated February 25, 2026PDF · Subscribers
Certicate of Appontment dated February 24, 2026PDF · Subscribers
Service List as at October 8, 2025
  • Counsel Norton Rose Fulbright Canada LLP
PDF · Subscribers
Approval and Vesting Order dated October 3, 2025
  • Closing terms Vesting of the Purchased Assets in the Purchaser occurs upon delivery of the Monitor's Certificate to the Applicant and the Purchaser (or their counsel), confirming satisfaction/waiver of closing conditions under sections 4.1 and 4.3 of the Sale Agreement and receipt of the Purchase Price by the Applicant.
  • Order date 3 October 2025
  • Purchaser 1001355216 ONTARIO INC.
  • Sealed items Confidential Exhibit "1" to the Ross Affidavit, containing the Purchase Price
PDF · Subscribers
Endorsement of Justice Kimmel dated October 3, 2025
  • Presiding officer Justice Kimmel
PDF · Subscribers
Enhanced Powers and CCAA Termination Order dated October 3, 2025
  • Commencement date 12 September 2025
  • Court Ontario Superior Court of Justice (Commercial List)
  • Debtor names Norwood Industries Inc.
  • Monitor KSV Restructuring Inc.
  • + 3 more extracted facts
PDF · Subscribers
Monitors Certificate dated October 3, 2025PDF · Subscribers
Factum of the Applicant dated October 1, 2025
  • Counsel McCarthy Tétrault LLP
PDF · Subscribers
Amended Notice of Motion of Norwood Industries Inc. dated September 29, 2025
  • Counsel McCarthy Tétrault LLP
  • Recovery outcome Entries: per estimated · Table missing:
PDF · Subscribers
Second Report of the Monitor dated September 29, 2025
  • Operational summary Since the Comeback Hearing, the Monitor corresponded with the Company's counsel and advisors, responded to supplier/vendor enquiries, maintained the case website, reviewed receipts and disbursements, and reviewed motion materials.
  • Cash on hand · Fee schedule · Professional fees Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Motion Record of Norwood Industries Inc dated September 26, 2025
  • Recovery outcome Entries: per estimated · Table missing:
PDF · Subscribers
Amended and Restated Initial Order dated September 19, 2025
  • Order date 19 September 2025
  • Stay expiry 30 November 2025
PDF · Subscribers
Endorsement of Justice Steele dated September 19, 2025
  • Presiding officer Justice Steele
PDF · Subscribers
Factum of the Applicant dated September 17, 2025
  • Counsel McCarthy Tétrault LLP
PDF · Subscribers
First Report of the Monitor dated September 17, 2025
  • Commencement date 12 September 2025
  • Court Ontario Superior Court of Justice (Commercial List)
  • Court file no CV-25-00751289-00CL
  • Cash on hand Subscribers
  • + 10 more extracted facts
PDF · Subscribers
Motion Record of the Applicant dated September 16, 2025PDF · Subscribers
Norwood - CCAA Notice to Creditors dated September 15, 2025PDF · Subscribers
Endorsement of Justice Steele dated September 12, 2025
  • Presiding officer Justice Steele
PDF · Subscribers
Norwood CCAA Initial Order dated September 12, 2025
  • Counsel McCarthy Tétrault LLP
  • Court Ontario Superior Court of Justice (Commercial List)
  • Court file no CV-25-00751289-00CL
  • Charges Subscribers
  • + 6 more extracted facts
PDF · Subscribers
Application Record dated September 9, 2025
PDF · Subscribers
Book of Authorities of the Applicant dated September 9, 2025
  • Counsel McCarthy Tétrault LLP
  • Financial position · Secured creditors Subscribers
PDF · Subscribers
Factum of the Applicant dated September 9, 2025PDF · Subscribers
Pre-Filing Report of the Proposed Monitor dated September 8, 2025
PDF · Subscribers
Norwood - List of Creditors as at August 22, 2025PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Norwood Industries” (CCAA), Ontario Superior Court of Justice · Commercial List. Retrieved 20 September 2026, https://proceedings.ca/case/norwood-industries

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Sources last checked · summary updated 5 August 2026 · Report a correction · Printed from proceedings.ca/case/norwood-industries

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.