PTL Holdings Limited, PTL Services (Equipment) Limited, CSL Services (Industrial) Limited, 9263357 Canada Inc.
FollowClosed
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- 2018 01G 3114
Filings held39
Last activity20 Jan 2023
On the record2,863 days
Secured debt$11.5M
OverviewSummary updated
PTL Holdings Limited, together with PTL Services (Equipment) Limited, CSL Services (Industrial) Limited and 9263357 Canada Inc. — the PTL Group — was placed in court-appointed receivership under BIA s. 243 and provincial Judicature Act authority in the Supreme Court of Newfoundland and Labrador, file 2018 01G 3114. BDO Canada Limited was appointed receiver by order of the Court in Bankruptcy and Insolvency on May 11, 2018, and set out a formal sale process for the group's assets and/or operations en bloc, as a going concern or otherwise. At the level of 9263357 Canada Inc., a property holding company at Southern Harbour, secured claims were stated at $5,716,576 for CIBC and $11,500,000 for the Parsons Vendors and CSL Vendors, against accounts receivable of $100 and real property of $587,060. The proceeding, commenced November 19, 2018, is closed.
Proceedings AIAsk this case — answers cite the filings
Case updates17 dated entries · 22 undated
#Filing
Opened court file 2018 01G 3114 in the Supreme Court of Newfoundland and Labrador, the recorded commencement date; BDO Canada Limited had been appointed receiver by order of 11 May 2018.
Source: Amended Notice of Motion
Undated filings22 — no date appears on the document · show
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Filing
Appendix A.2 - Affidavit of P. Clarke - Application for Court-Appointed Receiver — Application filed
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Filing
Appendix A.4 - Affidavit of M. Dunning - Service - Application for Court-Appointed Receiver - PTL — Application filed
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Parties
Debtor
PTL Holdings Limited, PTL Services (Equipment) Limited, CSL Services (Industrial) Limited, 9263357 Canada Inc.
Receiver
BDO
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Parsons Vendors and CSL VendorsListed under item 4(d) as creditors holding security on the Property; the security is not described. — A collective vendor group as the document names it. — debtor: 9263357 Canada Inc. (subsidiary of PTL Holdings Limited; part of the “PTL Group” with CSL Services (Industrial) Limited and PTL Services (Equipment) Limited) | $11.5M | Receiver 245 246 Notice - 9263357 |
| 4 | Secured | CIBC · in 69 casesListed under item 4(d) as a creditor holding security on the Property; the security is not described per-creditor. — debtor: 9263357 Canada Inc. (subsidiary of PTL Holdings Limited; part of the “PTL Group” with CSL Services (Industrial) Limited and PTL Services (Equipment) Limited) | $5.72M | Receiver 245 246 Notice - 9263357 |
| 8 | Unsecured | Town of Southern HarbourMunicipal claim. — debtor: 9263357 Canada Inc. (subsidiary of PTL Holdings Limited; part of the “PTL Group” with CSL Services (Industrial) Limited and PTL Services (Equipment) Limited) · as of 11 May 2018 | $30.5K | Receiver 245 246 Notice - 9263357 |
| 8 | Unsecured | Canada Revenue Agency (839169745 RT0001) · in 926 casesCrown claim (GST/HST account). — debtor: 9263357 Canada Inc. (subsidiary of PTL Holdings Limited; part of the “PTL Group” with CSL Services (Industrial) Limited and PTL Services (Equipment) Limited) · as of 11 May 2018 | $18.3K | Receiver 245 246 Notice - 9263357 |
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.
RecoveriesAs declared or paid
Unsecured creditors: no distribution. respective Unions $170K · CIBC $3.25M · Parsons Vendors and CSL Vendors no distribution.EstimatedReceiver's Third Report · 8 Sep 2020
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Court charges | Union Dues Charge | — | $83.4K | per the receiver | Amended Notice of Motion |
| Court chargesUnion Pension Charge | respective Unions | — | $170K | per the receiver | Amended Notice of Motion |
| Secured | CIBC | — | $3.25Minterim | Finalper the receiver | Receiver's Third Report · 8 Sep 2020 |
| Secured | Parsons Vendors and CSL Vendors | — | no distribution | per the receiver | Receiver's Third Report · 8 Sep 2020 |
| Preferred | Salaried Employees Charge | — | up to $15Kconditional | per the receiver | Amended Notice of Motion |
| Unsecured | — | — | no distribution | Estimatedper the receiver | Receiver's Third Report · 8 Sep 2020 |
| class not placedCSL Union | CSL Union | — | $103Kfinal | Finalper the receiver | Receiver's Third Report · 8 Sep 2020 |
| class not placedPTL Union | PTL Union | — | $151Kfinal | Finalper the receiver | Receiver's Third Report · 8 Sep 2020 |
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.
Fees and ratesAs stated in the filings
4 engagements · 3 firms — latest: Cox & Palmer, to 31 Jul 2020, $66,429.50 in feesAppendices to Receiver's Third Report
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| BDO Canada LimitedReceiverperiod 2 of 2 | 3 Jul 2018 – 31 Jul 2020 | 1,294.9 | $362,712.25 | $280.11stated average | Receiver's Third Report · 8 Sep 2020 |
| BDO Canada LimitedReceiverperiod 1 of 2 | to 30 Jun 2018Sought | 821 | $225,484.75 | $260.84stated average | Second Report to the Court of Receiver |
| Cox & PalmerReceiver | to 31 Jul 2020 | — | $66,429.50ex. tax | not stated | Appendices to Receiver's Third Report |
| Patterson LawReceiver | to 31 Jul 2020 | — | $10,897.50ex. tax | not stated | Appendices to Receiver's Third Report |
Documents
39 filings
| Date | Document | File |
|---|---|---|
| Receiver's Discharge Certificate - Jan 20 2023 | ||
Receiver's Third Report
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| PTL Group - Distribution Order dated December 4, 2018 | ||
| Vesting Order Application - Affidavit of Darren O'Keefe | ||
| Vesting Order Application - Memorandum of Authorities | ||
| Appendix P - Receiver's Interim SRD to July 20, 2018 | ||
| PTL Holdings Ltd. - Application for Vesting Order [AS FILED] July 17, 2018 | ||
| Appendix O.2 - Locke's July 10, 2018 PTL Group | ||
| Appendix K - Initial Bids Summary | ||
| Appendix I - PTL Group Teaser | ||
| Appendix J - PTL Group Advertisement | ||
| Appendix E - Receiver 245 246 Notice - PTL Services | ||
| Appendix H - PTL Group - CIM | ||
| PTL Group First Report to the Court | ||
Receivership Appointment Order May 11, 2018
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| Appendix L - Altus Appraisal | ||
| 926 Creditors Package - Bankruptcy | ||
Amended Notice of Motion
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Appendices to Receiver's Third Report
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| Appendices to the Second Report | ||
| Appendix A.2 - Affidavit of P. Clarke - Application for Court-Appointed Receiver | ||
| Appendix A.3 - Ca Receiver Consent | ||
| Appendix A.4 - Affidavit of M. Dunning - Service - Application for Court-Appointed Receiver - PTL | ||
| Appendix D - Receiver 245 246 Notice - PTL Holdings | ||
| Appendix F - Receiver 245 246 Notice CSL Services | ||
| Appendix M - Fitzpatrick Appraisal | ||
| Appendix N - Castle Valuation | ||
| Appendix O.1 - PTL Group - Lockes APA | ||
| Appendix O.3 - Initialed Exhibits | ||
| Appendix O.4 - Locke's APA Amendment Outside Date to August 15 | ||
| CSL Creditors Package - Bankruptcy | ||
| Form 66 - PTL Group | ||
| Holdings Creditors Package - Bankruptcy | ||
| Notice of Motion | ||
| Notice of Motion re Final Distribution and Discharge | ||
| PTL Creditors Package - Bankruptcy | ||
| PTL Lockes Sale Approval and Vesting Order | ||
Receiver 245 246 Notice - 9263357
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Second Report to the Court of Receiver
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Filing titles, dates, and extracted key facts are public.
CiteProceedings., “PTL Holdings Limited, PTL Services (Equipment) Limited, CSL Services (Industrial) Limited, 9263357 Canada Inc.” (Receivership (court-appointed)), Supreme Court of Newfoundland and Labrador. Retrieved 20 September 2026, https://proceedings.ca/case/ptl-holdings-limited-ptl-services-equipment-limited-csl-services-industrial-limi