Proceedings.

Planet Energy (Ontario) Corp. and Planet Energy (B.C.) Corp.

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Active
Proceeding
Receivership (court-appointed)Section 47.1(1) of the Bankruptcy And Insolvency Act
File
31-2943175
Filings held32
Last activity17 Oct 2023
On the record1,201 days
Secured debt$933K
OverviewSummary updated

Planet Energy (Ontario) Corp. and Planet Energy (B.C.) Corp. remain in a court-appointed receivership before the Ontario Superior Court of Justice (Commercial List), under court files 31-2943175 and 31-2943168, which began on June 8, 2023 when KSV Restructuring Inc. was appointed interim receiver under section 47.1(1) of the Bankruptcy and Insolvency Act on the application of All Communications Network of Canada, Co. A Statement of Affairs for Planet Energy (Ontario) Corp. as at September 27, 2023 puts that entity's assets at $9,300,844.43 against liabilities of $36,547,637.22, a reported deficiency of $27,246,792.79. Unsecured claims total $35,614,637.22, of which $35,184,894.00 is owed to All Communication Network (ACN) of Canada Co.; Scotiabank is listed as secured for a balance of $933,000.00, with no preferred claims. The proceeding is active.

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Case updates32 dated entries
Parties

Debtor

Planet Energy (Ontario) Corp. and Planet Energy (B.C.) Corp.

Interim receiver

AlixPartners

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice SteeleOntario Superior Court of Justice4 orders, Jun 2023220 cases on record
Justice OsborneOntario Superior Court of Justice3 orders, Jul 2023146 cases on record
Justice ConwayOntario Superior Court of Justice2 orders, Aug 2023285 cases on record

Counsel of record

PartyCounselFirst seenSource
CreditorAll Communications Network of Canada, CoRothstein LLP2 Jun 2023Factum · 2 Jun 2023
Creditorunder Proposal, Planet Energy (Ontario) Corp. and Planet Energy (B.C.) CorpStikeman Elliott LLP2 Jun 2023Application · 2 Jun 2023
Capital structureAs asserted in the filings
stated amounts, drawn to scale
USD · stated amounts, drawn to scale
#Priority classCreditorAmountSource
4SecuredScotiabank · in 54 casesListed as secured creditor per list 'B' in Statement of Affairs — debtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$933KNotice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredAll Communication Network (ACN) of Canada Co.debtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$35.2MNotice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredEnbridge · in 71 casesdebtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$231KNotice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredKPMG LLP · in 51 casesdebtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$70KNotice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredEasybooks Inc.debtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$29KNotice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredERTH Business Technologies Inc.debtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$26.8KNotice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredEasyTPV Inc.debtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$14.7KNotice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredAmex Bank of Canada · in 48 casesdebtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$12.2KNotice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredSilvestri Energy Services Ltd.debtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$8.39KNotice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredTNC 5775 Yonge Street Ltd.debtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$7.44KNotice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredEquifax Canada Co. · in 4 casesdebtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$5.94KNotice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredSunlife Assurance Company of Canada · in 2 casesdebtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$5.87KNotice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredPTMJ Limiteddebtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$4.36KNotice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredEC Infosystems, LLCAddress in Houston, TX USA — debtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$3.44K USDNotice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredLester Plumberdebtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$2.68KNotice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredeStruxture Data Centers Inc. · in 4 casesdebtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$2.4KNotice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredGreg Berrydebtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$1.9KNotice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredIXICA Communications Inc.debtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$1.17KNotice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredAizan Technologies Inc.debtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$755Notice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredCogent Canada, Inc.debtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$666Notice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredTelus · in 115 casesdebtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$587Notice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredCollection Group of Canada Inc. · in 5 casesdebtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$419Notice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredShell Energy North America (US) · in 2 casesAddress in Houston, TX USA — debtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$1 USDNotice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredShell Energy North America (Canada) · in 2 casesdebtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$1Notice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredPrime Real Estate Holdings Inc.debtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$1Notice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredExport Development Canada · in 99 casesdebtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$1Notice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
8UnsecuredShell North America (Canada)debtor: Planet Energy (Ontario) Corp. · as of 27 Sep 2023$1Notice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
Sale processAs stated in the filings

No acceptable bidthe Interim Receiver conducted a Court-approved sale process (the 'Sale Process'), which resulted in no viable offers for the Company's business and assetsTrustee's Report on Preliminary Administration dated October 17, 2023 · 17 Oct 2023

Sealed materialsConfidential Appendix "1" to the First Report (KERP terms)Extension, Sale Process and KERP Approval Order dated July 4, 2023
Fees and ratesAs stated in the filings

2 engagements · 2 firmslatest: DLA Piper (Canada) LLP, 11 May – 31 Aug 2023Motion Record of All Communications Network of Canada, Co · 26 Sep 2023

FirmPeriodHoursFeesRatesSource
DLA Piper (Canada) LLPCounsel to the receiver11 May – 31 Aug 2023111.2$810.78stated averageMotion Record of All Communications Network of Canada, Co · 26 Sep 2023
KSVcapacity not statedfirm not named in the headingto 31 Aug 2023not statedMotion Record of All Communications Network of Canada, Co · 26 Sep 2023
Estate financialsReported figures — never derived
Total assets at filing$9.3M
Total liabilities at filing$36.5M

As at 27 Sep 2023 · per Statement of Affairs (Business Bankruptcy), as stated and estimated by the officer · Planet Energy (Ontario) Corp. (entity-level, single debtor) — Deficiency of $27,246,792.79 reported. Unsecured creditors total $35,614,637.22, secured creditors (balance) $933,000.00, preferred creditors $0.00.

Documents
32 filings
DateDocumentFile
Trustee's Report on Preliminary Administration dated October 17, 2023
  • Financial position per unaudited, as reported by the Trustee based on estate account records and known asset information · Planet Energy (Ontario) Corp. bankruptcy estate (entity level) — Components only, no total assets stated: approximately $8.7 million in the Trustee's estate account; approximately $933,000 held by Scotiabank re: letter of credit for PEPC's obligations to PPUC. As-at date given only as 'the date of this Report'.
  • Sale outcome No acceptable bid — the Interim Receiver conducted a Court-approved sale process (the 'Sale Process'), which resulted in no viable offers for the Company's business and assets
PDF
Certificate of Bankruptcy dated September 28, 2023PDF
Notice of Bankruptcy and First Meeting of Creditors dated September 28, 2023
  • Financial position Assets $9.3M · Liabilities $36.5M · as at 27 Sep 2023 · per Statement of Affairs (Business Bankruptcy), as stated and estimated by the officer · Planet Energy (Ontario) Corp. (entity-level, single debtor) — Deficiency of $27,246,792.79 reported. Unsecured creditors total $35,614,637.22, secured creditors (balance) $933,000.00, preferred creditors $0.00.
  • Secured creditors $933K · Note: Listed as secured creditor per list 'B' in Statement of Affairs · Page: 4 · As of: 2023-09-27 · Debtor: Planet Energy (Ontario) Corp. · Creditor: Scotiabank
  • Unsecured creditors $3.44K USD · Note: Address in Houston, TX USA · Page: 4 · As of: 2023-09-27 · Basis: Statement of Affairs list of creditors as reported by the officer · Debtor: Planet Energy (Ontario) Corp. · Creditor: EC Infosystems, LLC
PDF
Court Order re Substitution of Trustee and Ancillary Relief dated September 26, 2023PDF
Endorsement of Justice Kimmel dated September 26, 2023
  • Presiding officer Justice Kimmel
PDF
Motion Record of All Communications Network of Canada, Co returnable September 26, 2023
  • Fee schedule Engagements: Form: invoice_listing · Rows: · Money: Approximate: false · Period: End: 2023-08-31 · Kind: invoice · Quote: For the period ended August 31, 2023 · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: KSV · Firm quote: appointing KSV Advisory Inc. ('KSV') as trustee in bankruptcy of PEONT · Context quote: I hereby confirm that attached as Exhibit 'A' hereto are true copies of the accounts of KSV for the period ended August 31, 2023 and confirm that these accounts accurately reflect the services provided by KSV and the fees and disbursements claimed by it. · Firm unverified: true; Form: invoice_listing · Rows: · Money: Approximate: false · Period: End: 2023-08-31 · Kind: cumulative · Label: Billing Period · Quote: the period from May 11, 2023 to August 31, 2023 (the "Billing Period") · Start: 2023-05-11 · Approval: State: unstated · Averages: — · Currency: · Invoices: · Firm text: DLA · Firm quote: the Statements of Account of DLA · Hours total: Quote: 111.2 hours were billed by DLA personnel during the Billing Period · Value: 111.2 · Context quote: Attached hereto as Exhibit "A" are copies of the Statements of Account of DLA in respect of services rendered to the Interim Receiver during the period from May 11, 2023 to August 31, 2023 (the "Billing Period").
PDF
Memorandum of Law and Argument of All Communications Network of Canada Co. dated September 25, 2023
  • Counsel Paliare Roland Rosenberg Rothstein LLP
PDF
Notice to Electricity Customers dated August 22, 2023PDF
Notice to Gas Customers dated August 22, 2023PDF
Notice to Utilities dated August 22, 2023PDF
Endorsement of Justice Conway dated August 17, 2023
  • Presiding officer Justice Conway
PDF
Extension Order dated August 17, 2023
  • Presiding officer Justice Conway
PDF
Motion Record of the Interim Receiver returnable August 17, 2023PDF
Second Report of Interim Receiver dated August 14, 2023
  • Process results 51 solicited · 6 NDAs · 0 qualified bids · 0 bids · as of 14 Aug 2023
  • Sale outcome No acceptable bid — No acceptable offers were submitted in the process and the Interim Receiver will wind-down the business
PDF
Sale Process Certificate dated July 5, 2023PDF
Consultant Protections Order dated July 4, 2023
  • Presiding officer Justice Osborne
PDF
Endorsement of Justice Osborne dated July 4, 2023
  • Presiding officer Justice Osborne
PDF
Extension, Sale Process and KERP Approval Order dated July 4, 2023
  • Presiding officer Justice Osborne
  • Sale outcome Sale process approved — sale process approved, subject to filing of Sale Process Certificate
  • Sealed items Confidential Appendix "1" to the First Report (KERP terms)
PDF
Motion Record of the Interim Receiver returnable July 4, 2023
  • Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Court file no 31-2943175
  • Province ONTARIO
PDF
Supplemental Motion Record of the Interim Receiver returnable July 4, 2023
  • Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Court file no 31-2943175
PDF
Supplement to First Report of Interim Receiver dated June 29, 2023PDF
First Report of Interim Receiver dated June 27, 2023PDF
Notice #1 to Customers dated June 27, 2023PDF
Endorsement of Justice Steele dated June 14, 2023
  • Presiding officer Justice Steele
PDF
Endorsement of Justice Steele dated June 8, 2023
  • Presiding officer Justice Steele
PDF
Interim Receivership Appointment Order dated June 8, 2023
  • Applicant All Communications Network of Canada, Co.
  • Appointee KSV Restructuring Inc.
  • Appointee role interim receiver
  • Commencement date 8 June 2023
  • + 5 more extracted facts
PDF
Stay Extentsion and Administration Order dated June 8, 2023
  • Presiding officer Justice Steele
PDF
Reply Factum of All Communications Network of Canada, Co dated June 4, 2023
  • Counsel Paliare Roland Rosenberg Rothstein LLP
PDF
Responding Factum of Planet Energy dated June 4, 2023PDF
Bookf of Authorities dated June 2, 2023
  • Appointee KSV Advisory Inc.
  • Appointee role Proposed Interim Receiver and Receiver and Manager
  • Commencement date 4 June 2023
  • Counsel Stikeman Elliott LLP
  • + 2 more extracted facts
PDF
Factum of All Communications Network of Canada, Co dated June 2, 2023
  • Counsel Paliare Roland Rosenberg Rothstein LLP
PDF
Supplementary Affidavit of Robert Stevanovski dated June 2, 2023PDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “Planet Energy (Ontario) Corp. and Planet Energy (B.C.) Corp.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/planet-energy-ontario-corp-and-planet-energy-b-c-corp

Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/planet-energy-ontario-corp-and-planet-energy-b-c-corp

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.