PADM Group Inc., PADM Medical Inc., Roswell Downhole Technologies Inc.
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- CI24-01-46529
- Industry
- Manufacturing
PADM Group Inc., PADM Medical Inc. and Roswell Downhole Technologies Inc. were placed in court-appointed receivership on May 23, 2024, under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority, in the Court of King's Bench under file no. CI 24-01-46529. BDO filed a court officer report the same day, in advance of the application that put the receivership in place. The proceeding is now closed.
The Court of King's Bench granted the receivership order over the three companies on Thursday, May 23, 2024, commencing the proceeding.
Source: Receivership Order
Debtor
PADM Group Inc., PADM Medical Inc., Roswell Downhole Technologies Inc.
Receiver
BDO
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Chartier | Court of King's Bench of Manitoba | 5 orders, May 2024 – Nov 2025 | 10 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverBDO | Taylor McCaffrey LLP | 23 May 2024 | Application · 23 May 2024 |
| Applicant | Fillmore Riley LLP | 23 May 2024 | Order · 23 May 2024 |
| ApplicantRoyal Bank of Canada | Fillmore Riley LLP | 23 May 2024 | Application · 23 May 2024 |
| DebtorPADM Group Inc., PADM Medical Inc., Roswell Downhole Technologies Inc. | MLT Aikins LLP · Thompson Dorfman Sweatman LLP | 23 May 2024 | Order · 23 May 2024 |
| Purchaser | MLT Aikins LLP | 23 May 2024 | Order · 23 May 2024 |
| Secured creditorBusiness Development Bank of Canada | Tapper Cuddy LLP | 23 May 2024 | Application · 23 May 2024 |
| CreditorDiamond Bar C Syndicate ltd | Bennet Jones LLP | 18 Nov 2025 | Order · 18 Nov 2025 |
| Secured creditorESFC Funding Co., LLC | Pitblado LLP | 18 Nov 2025 | Order · 18 Nov 2025 |
| CreditorGreat West Maintenance Service Ltd | D'Arcy & Deacon LLP | 18 Nov 2025 | Order · 18 Nov 2025 |
| CreditorJoe Allison | Hill Sokalski LLP | 18 Nov 2025 | Order · 18 Nov 2025 |
| CreditorTravelers Leasing | Lawson Lundell LLP | 18 Nov 2025 | Order · 18 Nov 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Orthopaedic Innovation Centre Inc.Based on Companies' books and records as at March 31, 2024; related party (also appears as an unsecured creditor of PADM Group and PADM Medical elsewhere). · as of 31 Mar 2024 | $4.97M | Notice and Statement of the Receiver |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
316 more claims in 3 classes The stack holds Secured, Landlord preferred and Preferred (BIA s. 136) claims.
Every creditor and every amount, drawn to scale.
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See all plansClosed · the record states no distribution outcome.
2 engagements · 1 firm — latest: BDO Canada Limited, 23 May – 31 Aug 2024, First Report of the Receiver · 19 Sep 2024
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| BDO Canada LimitedReceiverperiod 2 of 2 | 23 May – 31 Aug 2024 | — | not stated | First Report of the Receiver · 19 Sep 2024 | |
| BDO Canada LimitedReceiverperiod 1 of 2 | — | — | — | First Report of the Receiver · 19 Sep 2024 |
2 blurred figures above
What the firm billed — 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 |
|---|---|---|
Distribution and Discharge Order
| PDF · Subscribers | |
Third Report of the Receiver's
| PDF · Subscribers | |
Notice of Motion (Order for Distribution and Discharge)
| PDF · Subscribers | |
| Second Report of the Receiver | PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
Endorsement of Justice Chartier J.
| PDF · Subscribers | |
Notice and Statement of the Receiver
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Notice of Application (Appointing Receiver)
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
Sale Approval and Vesting Order
| PDF · Subscribers | |
| Notice of Motion | PDF · Subscribers | |
Pre-Filing Report of the Proposed Receiver
| PDF · Subscribers | |
Affidavit of Alex Wang
| 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., “PADM Group Inc., PADM Medical Inc., Roswell Downhole Technologies Inc.” (Receivership (court-appointed)), Court of King's Bench of Manitoba. Retrieved 5 November 2026, https://proceedings.ca/case/padm-group-inc