#Order
Endorsement of the Honourable Justice Cavanagh dated November 10, 2025 — Endorsement / reasons
Octane Exports Inc. et al
ActiveFollow
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended, and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CL-25-00753534-0000
OverviewSummary updated
Octane Exports Inc. and its co-respondents are the subject of a court-appointed receivership application in the Ontario Superior Court of Justice, brought under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The Notice of Application was issued October 15, 2025 and carries court file number CL-25-00753534-0000. The proceeding is active, and the record to date consists of the issuance of that application; no subsequent step has been entered.
Proceedings AIOpen Proceedings AI
Case updates5 dated entries
#Filing
Commenced the proceeding: Notice of Application issued for a court-appointed receivership under section 243(1) of the BIA and section 101 of the CJA, file CL-25-00753534-0000.
Parties
Debtor
Octane Exports Inc. et al
Receiver
msi Spergel inc.
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | The Toronto-Dominion Bank · in 122 casesGeneral Security Agreements: (a) GSA by Octane Exports Inc. dated July 13, 2023 (registered under PPSA Ontario); (b) GSA by 1000318937 Ontario Inc. dated November 7, 2024 (registered under PPSA Ontario); (c) GSA by Octane Exports USA Inc. dated July 13, 2023 (registered under UCC, Delaware). Certified PPSA search results (current to August 12, 2025) and UCC search results (current to August 14, 2025) confirm TD is the sole registered secured creditor of the Debtors. — Amount reported is the Demand Facility balance only (principal $4,393,693.41 plus accrued interest $17,081.28 to Oct 23, 2025) · as of 23 Oct 2025 | $4.41M | Application Record dated October 24, 2025 |
| 8 | Unsecured |
1 more claim in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount.
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See all plansThis 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.
Documents5 filings
| Date | Document | File |
|---|---|---|
Endorsement of the Honourable Justice Cavanagh dated November 10, 2025
| PDF · Subscribers | |
Judgement of the Honourable Justice Cavanagh dated November 10, 2025
| PDF · Subscribers | |
Order of the Honourable Justice Cavanagh dated November 10, 2025
| PDF · Subscribers | |
Aide Memoire of the Applicant dated October 31, 2025
| PDF · Subscribers | |
Application Record dated October 24, 2025
| 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., “Octane Exports Inc. et al” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 5 November 2026, https://proceedings.ca/case/octane-exports-inc-et-al