#Order
Endorsement of the Honourable Justice Cavanagh dated November 10, 2025 — Endorsement / reasons
Octane Exports Inc. et al
FollowActive
- 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
Filings held5
Last activity10 Nov 2025
On the record341 days
Secured debt$4.41M
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 AIAsk this case — answers cite the filings
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 111 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 | Canada Revenue Agency · in 926 casesStatus unknown/cannot be confirmed: TD's counsel noted the debtor's forbearance representations 'indicated that the debtor cannot confirm that it is current with its CRA Priority Payables,' which TD treated as a breach of the Credit Agreement (elevated concern re: priority payables/deemed trust). No amount is stated in the document. — debtor: Octane Exports Inc. (Borrower) | — | Application Record dated October 24, 2025 |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
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.
Documents5 filings
| Date | Document | File |
|---|---|---|
Endorsement of the Honourable Justice Cavanagh dated November 10, 2025
| ||
Judgement of the Honourable Justice Cavanagh dated November 10, 2025
| ||
Order of the Honourable Justice Cavanagh dated November 10, 2025
| ||
Aide Memoire of the Applicant dated October 31, 2025
| ||
Application Record dated October 24, 2025
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Octane Exports Inc. et al” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 20 September 2026, https://proceedings.ca/case/octane-exports-inc-et-al