#Sale
The court approved the transaction and authorized the receiver to execute the sale agreement for 157 Toryork Drive, with vesting to take effect on delivery of the Receiver's Certificate.
Onyxa Canada Inc.
ActiveFollow
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CL-26-00000040-0000
Filings held14
Last activity26 Oct 2026
On the record234 days
OverviewSummary updated
Onyxa Canada Inc. has been under court-appointed receivership since March 16, 2026, brought under section 243 of the Bankruptcy and Insolvency Act together with provincial Judicature Act authority, in the Ontario Superior Court of Justice. The record identifies the forum both as the court sitting in Bankruptcy and Insolvency and as the Commercial List. A report of the court officer bearing the commencement date was filed at the outset. The receivership remains active, and no step after the commencement date is recorded on the file.
Proceedings AIOpen Proceedings AI
Case updates14 dated entries
#Report
The Second Report sought approval and vesting of the September 14, 2026 sale of 157 Toryork Drive to Jands Investments Inc., following the August 31, 2026 online inventory auction.
Source: Second Report of the Receiver dated September 28, 2026
#Report
The First Report set out book values as at the receivership date: property of $6,865,445 against liabilities of $13,899,805, including RBC secured debt of $9,853,780, with operations ceased and employees terminated.
Source: First Report of the Receiver dated May 21, 2026 (Part 1 of 2)
#Filing
Notice and Statement of the Receiver dated March 26, 2026 — Notice of receiver (s. 245 / Form 87)
#Order
On Royal Bank of Canada's application under s. 243(1) of the BIA and s. 101 of the Courts of Justice Act, KPMG Inc. was appointed receiver and manager.
#Report
A court officer's report dated March 16, 2026 was filed on the commencement date of the receivership; it is the only step recorded in the proceeding.
Source: First Report of the Receiver dated May 21, 2026 (Part 2 of 2)
#Filing
Application Record dated February 6, 2026 (Part 1 of 2) — Application / notice of application
#Filing
Application Record dated February 6, 2026 (Part 2 of 2) — Application / notice of application
AnalysisAll insights
Filing brief
Onyxa Canada: four offers for 157 Toryork Drive, and a redacted price
KPMG, receiver of the porcelain slab and tile seller and of Onyxa Holding Group, asks the court to approve selling Holding Group's building at 157 Toryork Drive to Jands Investments Inc., chosen after four offers and further negotiations with the leading bidders, price redacted, and to make an interim distribution to Royal Bank of Canada.
Parties
Debtor
Onyxa Canada Inc.
Receiver
KPMG
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Black | Ontario Superior Court of Justice | 3 orders, Oct 2026 | 198 cases on record |
| Justice Steele | Ontario Superior Court of Justice | 2 orders, Jun 2026 | 245 cases on record |
| Justice Conway | Ontario Superior Court of Justice | 2 orders, Mar 2026 | 310 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverKPMG | Chaitons LLP | 4 Jun 2026 | Order · 4 Jun 2026 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 985 casesDeemed trust / Priority Claim (HST arrears) ranking in priority to the Bank's Security (per agreement's 'Priority Claims' definition). — debtor: Onyxa Holding Group Inc. ("Holdco") · as of 20 May 2025 | $1.89K | Application Record dated February 6, 2026 (Part 2 of 2) |
| 3 | Deemed trusts (CRA and other) | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
65 more claims in 3 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
Start 5-day trial
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansSale processAs stated in the filings
Sale approved — Court approved the Transaction and authorized the Receiver to execute the Sale Agreement for 157 Toryork Drive; vesting to occur upon delivery of the Receiver's CertificateApproval and Vesting Order dated October 26, 2026 · 26 Oct 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Jands Investments Inc. for a corporation to be incorporatedall of Holding's right, title and interest in and to the assets described in the Sale Agreement, including the real property municipally known as 157 Toryork Drive, Toronto, Ontario · real property · nominee/assignee: a corporation to be incorporated · agreement 14 Sep 2026 | Subscribers | Approved26 Oct 2026 | Approval and Vesting Order dated October 26,… |
AdvisorsAvison Young (listing broker); McDougall Auctioneers Ltd. (auctioneer)Second Report of the Receiver dated September 28, 2026
Closing termsVesting takes effect upon delivery of the Receiver's Certificate confirming receipt of the Purchase Price, satisfaction or waiver of closing conditions, and completion of the TransactionApproval and Vesting Order dated October 26, 2026
RecoveriesAs stated in the filings
Royal Bank of Canada: paid in full.EstimatedSecond Report of the Receiver · 28 Sep 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredRBC Secured Debt | Royal Bank of Canada | — | paid in fullconditional | Estimatedper the receiver | Second Report of the Receiver · 28 Sep 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.
Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing
As at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
Start 5-day trial
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansDocuments
14 filings
| Date | Document | File |
|---|---|---|
Approval and Vesting Order dated October 26, 2026
| PDF · Subscribers | |
Distribution & Ancillary Relief Order dated October 26, 2026
| PDF · Subscribers | |
Endorsement of Justice Black dated October 26, 2026
| PDF · Subscribers | |
Factum of the Receiver dated October 19, 2026
| PDF · Subscribers | |
Second Report of the Receiver dated September 28, 2026
| PDF · Subscribers | |
Endorsement of Justice Steele dated June 4, 2026
| PDF · Subscribers | |
Order dated June 4, 2026
| PDF · Subscribers | |
First Report of the Receiver dated May 21, 2026 (Part 1 of 2)
| PDF · Subscribers | |
First Report of the Receiver dated May 21, 2026 (Part 2 of 2)
| PDF · Subscribers | |
Notice and Statement of the Receiver dated March 26, 2026
| PDF · Subscribers | |
Appointment Order dated March 16, 2026
| PDF · Subscribers | |
Endorsement of Justice Conway dated March 13, 2026
| PDF · Subscribers | |
| Application Record dated February 6, 2026 (Part 1 of 2) | PDF · Subscribers | |
Application Record dated February 6, 2026 (Part 2 of 2)
| 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., “Onyxa Canada Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 5 November 2026, https://proceedings.ca/case/onyxa-canada-inc