R.D.E. Ventures Inc.
Follow- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
R.D.E. Ventures Inc. has been under court-appointed receivership in Alberta since August 16, 2019, under BIA s. 243 and provincial Judicature Act authority; the proceeding is closed. National Bank of Canada, described as the fulcrum creditor, was owed $11.1 million as of July 8, 2019 under four credit facilities secured by a general security agreement registered in the Alberta, British Columbia and Saskatchewan personal property registries, which Blakes opined was valid and enforceable in Alberta and British Columbia subject to standard qualifications. Ranking ahead of the bank were approximately 25 equipment lessors or lenders holding security in roughly 250 capital assets. The Receiver retained a $122,000 holdback for four garage keepers' liens registered against three pieces of equipment in the Wolverine Transaction, and a $400,000 holdback against a CRA deemed trust claim for unremitted payroll source deductions from January to August 2019, which the Receiver disputed.
Debtor
R.D.E. Ventures Inc.
Receiver
FTI
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Goss | Court of King's Bench of Alberta | 3 orders, Aug 2019 | 4 cases on record |
| Justice Little | Court of King's Bench of Alberta | 2 orders, Feb 2020 | 39 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverFTI | Blake, Cassels & Graydon LLP | 22 Oct 2020 | Service list · 22 Oct 2020 |
| CreditorBowra Group Inc | Dentons Canada LLP | 22 Oct 2020 | Service list · 22 Oct 2020 |
| CreditorElement Fleet Management Inc | Burnet Duckworth & Palmer LLP | 22 Oct 2020 | Service list · 22 Oct 2020 |
| CreditorNational Bank of Canada | McCarthy Tétrault LLP | 22 Oct 2020 | Service list · 22 Oct 2020 |
| CreditorTrisura Guarantee Insurance Company | Borden Ladner Gervais LLP | 22 Oct 2020 | Service list · 22 Oct 2020 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | National Bank of Canada (NBC) · in 87 casesGeneral security agreement dated August 21, 2019, registered in Alberta, British Columbia and Saskatchewan PPR systems, over four credit facilities — Blakes opined security is valid and enforceable in Alberta and British Columbia, subject to standard qualifications and assumptions; NBC described as fulcrum creditor — debtor: RDE Ventures Inc. · as of 8 Jul 2019 | $11.1M | First Report of the Receiver |
| 4 | Secured | Holders of four Garage Keepers' Liensas of Appointment Date — Garage keepers' liens registered against three pieces of equipment subject to the Wolverine Transaction — Validity and enforceability not yet determined; subject to Garage Keepers' Lien Holdback of $122,000 pending resolution — debtor: RDE Ventures Inc. | $122K | First Report of the Receiver |
| 4 | Secured | Approximately 25 equipment lessors or lendersas of Appointment Date — Security interests in approximately 250 capital assets of RDE, senior in priority to NBC — Blanket category of multiple lessors/lenders; individual amounts not stated — debtor: RDE Ventures Inc. | — | First Report of the Receiver |
| 8 | Unsecured | Canada Revenue Agency (CRA) · in 926 casesDeemed trust claim for unremitted payroll source deductions; disputed by Receiver, validity and enforceability not determined; Company had previously reported nil balance owing per July 16, 2019 CRA statement of account; subject to $400,000 CRA Claim Holdback — debtor: RDE Ventures Inc. · as of 19 Nov 2019 | $400K | First Report of the Receiver |
“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.
Canada Revenue Agency: paid in full.FinalApplication - Interim Distribution among other relief · 27 Oct 2020
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | Canada Revenue Agency | $399K | paid in full$399Kinterim | Final | Application - Interim Distribution among other relief · 27 Oct 2020 |
| Secured | National Bank of Canada | — | $249Kinterim | Finalper the receiver | Third Report of the Receiver · 23 Apr 2021 |
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.
| Date | Document | File |
|---|---|---|
Order - Receiver's Discharge
| ||
Application - Receiver's Discharge
| ||
Third Report of the Receiver
| ||
Application - Interim Distribution among other relief
| ||
Second Interim Distribution Order
| ||
Service List
| ||
Second Report of the Receiver
| ||
Interim Distribution Order
| ||
Application - Interim Distribution Order
| ||
First Report of the Receiver
| ||
| Affidavit of Audrey Ng | ||
Order - Lifting Stay
| ||
Order - Sealing Order
| ||
| Receivership Application | ||
Receivership Order
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “R.D.E. Ventures Inc.” (Receivership (court-appointed)). Retrieved 20 September 2026, https://proceedings.ca/case/r-d-e-ventures-inc