O2 Industries Inc.
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-21-00663208-00CL
- Industry
- Health care · Medical devices, labs & supplies
O2 Industries Inc. was placed in court-appointed receivership on 25 May 2021 by the Ontario Superior Court of Justice (Commercial List), under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, on the application of the Kensington Private Equity Fund (court file CV-21-00663208-00CL). RSM Canada Limited was appointed as receiver. Kensington Private Equity Fund, a secured creditor, is owed approximately $2,416,068.08. Unsecured creditors include Clearbanc at $825,180.66, Huge Toronto at $466,488.76, and Sid Lee Inc. at $279,836.80. A book-value statement of assets as at 30 April 2021 totalled $10,047,873, though the document states the estimated realizable value is much lower. The proceeding remains active.
Motion Record of the Receiver returnable February 25, 2022 — Application / notice of application
Undated filings1 — no date appears on the document · show
Debtor
O2 Industries Inc.
Receiver
RSM Canada
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Conway | Ontario Superior Court of Justice | 2 orders, May 2021 – Feb 2022 | 310 cases on record |
| Justice Koehnen | Ontario Superior Court of Justice | 2 orders, Jul 2021 | 83 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverRSM Canada | Chaitons LLP | 23 Jul 2021 | Service list |
| Applicant | Goodmans LLP | 27 May 2021 | Order · 27 May 2021 |
| ApplicantKensington Private Equity Fund | Goodmans LLP | — | Service list |
| CreditorRSM Canada Limited | Chaitons LLP | 23 Jul 2021 | Order · 23 Jul 2021 |
| CreditorSigma Worldwide, LLC | Blake, Cassels & Graydon LLP | — | Service list |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Kensington Private Equity Fund · in 3 casesListed as approximate amount owed to creditor appearing to hold security interest; not audited or verified by Receiver — debtor: O2 Industries Inc. · as of 4 Jun 2021 | $2.42M | Notice and Statement of the Receiver dated June 4, 2021 |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
111 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 plansClosed · the record states no distribution outcome.
11 engagements · 2 firms — latest: RSM Canada Limited, 1 Jul 2021 – 31 Jan 2022, in feesMotion Record of the Receiver · 9 Feb 2022
| Firm | Period | Hours | Fees | Rates | Source | ||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Chaitons LLPCounsel to the receiverperiod 2 of 2 | to 31 May 2021Sought | — | not stated | Second Report of the Receiver · 7 Feb 2022 | |||||||||||||||||||||||||||||||
| Chaitons LLPCounsel to the receiverperiod 1 of 2 | — | — | — | not stated | First Report of the Receiver · 14 Jul 2021 | ||||||||||||||||||||||||||||||
| RSM Canada LimitedReceiverperiod 9 of 9 | 1 Jul 2021 – 31 Jan 2022 | Motion Record of the Receiver · 9 Feb 2022 | |||||||||||||||||||||||||||||||||
| RSM Canada LimitedReceiverperiod 9 of 9 | 1 Jan – 31 Jan 2022 | 3 people | Motion Record of the Receiver · 9 Feb 2022 | ||||||||||||||||||||||||||||||||
3 people — RSM Canada Limited, 1 Jan – 31 Jan 2022 · 12 blurred figures
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| RSM Canada LimitedReceiverperiod 7 of 9 | 1 Dec – 31 Dec 2021 | 4 people | Motion Record of the Receiver · 9 Feb 2022 | ||||||||||||||||||||||||||||||||
4 people — RSM Canada Limited, 1 Dec – 31 Dec 2021 · 15 blurred figures
| |||||||||||||||||||||||||||||||||||
| RSM Canada LimitedReceiverperiod 6 of 9 | 1 Nov – 30 Nov 2021 | 2 people | Motion Record of the Receiver · 9 Feb 2022 | ||||||||||||||||||||||||||||||||
2 people — RSM Canada Limited, 1 Nov – 30 Nov 2021 · 9 blurred figures
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| RSM Canada LimitedReceiverperiod 5 of 9 | 1 Oct – 31 Oct 2021 | 3 people | Motion Record of the Receiver · 9 Feb 2022 | ||||||||||||||||||||||||||||||||
3 people — RSM Canada Limited, 1 Oct – 31 Oct 2021 · 12 blurred figures
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| RSM Canada LimitedReceiverperiod 4 of 9 | 1 Sep – 30 Sep 2021 | 4 people | Second Report of the Receiver · 7 Feb 2022 | ||||||||||||||||||||||||||||||||
4 people — RSM Canada Limited, 1 Sep – 30 Sep 2021 · 15 blurred figures
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| RSM Canada LimitedReceiverperiod 3 of 9 | 1 Aug – 31 Aug 2021 | 3 people | Motion Record of the Receiver · 9 Feb 2022 | ||||||||||||||||||||||||||||||||
3 people — RSM Canada Limited, 1 Aug – 31 Aug 2021 · 12 blurred figures
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| RSM Canada LimitedReceiverperiod 2 of 9 | 1 Jul – 31 Jul 2021 | 5 people | Motion Record of the Receiver · 9 Feb 2022 | ||||||||||||||||||||||||||||||||
5 people — RSM Canada Limited, 1 Jul – 31 Jul 2021 · 15 blurred figures
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| RSM Canada LimitedReceiverperiod 1 of 9 | to 30 Jun 2021Sought | Second Report of the Receiver · 7 Feb 2022 | |||||||||||||||||||||||||||||||||
118 blurred figures above
What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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See all plansAs at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Endorsement dated February 25, 2022 | PDF · Subscribers | |
Order dated February 25, 2022
| PDF · Subscribers | |
| Receiver’s Discharge Certificate | PDF · Subscribers | |
Motion Record of the Receiver returnable February 25, 2022
| PDF · Subscribers | |
Second Report of the Receiver dated February 7, 2022
| PDF · Subscribers | |
Approval and Vesting Order dated July 23, 2021
| PDF · Subscribers | |
Approvals Order dated July 23, 2021
| PDF · Subscribers | |
First Report of the Receiver dated July 14, 2021
| PDF · Subscribers | |
Motion Record of the Receiver returnable July 23, 2021
| PDF · Subscribers | |
Notice and Statement of the Receiver dated June 4, 2021
| PDF · Subscribers | |
Receivership Order dated May 27, 2021
| PDF · Subscribers | |
| Pre-Filing Report of the Proposed Receiver | PDF · Subscribers | |
Application Record dated May 25, 2021
| PDF · Subscribers | |
Service List
| 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., “O2 Industries Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/o2-industries-inc