Rotating Right Inc
- Proceeding
- CCAASections 2, 3, 9, 10 and 11 of the Companies' Creditors Arrangement Act
- File
- 1603 01232
- Industry
- Energy · Oilfield services
Rotating Right Inc. has been under CCAA protection since an initial order granted February 3, 2016 by the Court of Queen's Bench of Alberta, court file no. 1603 01232, with Ernst & Young Inc. appointed monitor. The proceedings remain active. A Personal Property Registry search dated January 25, 2016 identified Bank of Montreal as senior lender, holding specific security and a general security agreement, its operating line having been reduced from $3.5 million to $2 million in May 2015, along with registrations by National Leasing Group Inc., Wilkinson Steel and Metals Inc., Ally Credit Canada Ltd. and GM Financial Canada Leasing Ltd. The company reports no outstanding indebtedness to National Leasing or Wilkinson. Unsecured claims include $32,897.99 of unpaid rent owed to landlord 1250019 Alberta Ltd. and shareholder loans, the largest being $1,429,245.98 owed to Shanghai Maud Group.
A claims procedure has been established — see the order for deadlines.
Per the Claims Procedure Order - Filed Apr 7-16 dated 7 April 2016.
The officer filed report no. Monitor's Fifth Report. Rotating Right continues operating and working toward finalizing a restructuring Plan, but faces cash flow shortfalls, unpaid landlord rent, unpaid professional fees, and remains dependent on securing new equity or financing to meet its obligations.
Source: Monitor's Fifth Report Filed
The officer filed report no. Monitor's Fourth Report. The report focuses on setting up a proposed claims procedure to identify creditors in the CCAA proceedings, with the Applicant and Monitor expecting a plan of arrangement to be finalized in due course.
Source: Monitor's Fourth Report (Filed )
Initial order granted, placing Rotating Right Inc. under CCAA protection and appointing Ernst & Young Inc. as monitor under court file no. 1603 01232.
Source: Initial Order - Feb 9-16
Affidavit in Support of Initial Application - Jan 27-16 was filed.
Source: Affidavit in Support of Initial Application - Jan 27-16
Debtor
Rotating Right Inc
Monitor
EY
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Belzil | Court of King's Bench of Alberta | 3 orders, Apr 2016 – May 2016 | 5 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorEY | Bishop & McKenzie LLP | 9 Feb 2016 | Order · 9 Feb 2016 |
| DebtorRotating Right Inc | Reynolds Mirth Richards & Farmer LLP | 9 Feb 2016 | Order · 9 Feb 2016 |
| CreditorBank of Montreal | Dentons Canada LLP | 9 Feb 2016 | Order · 9 Feb 2016 |
| CreditorRotatingRight,Inc | Reynolds Mirth Richards & Farmer LLP | 9 Feb 2016 | Order · 9 Feb 2016 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | National Leasing Group Inc. · in 52 casesSpecific security agreements over various chattels — Company states no outstanding indebtedness to this creditor despite registration; identified via PPR search — debtor: Rotating Right Inc. · as of 25 Jan 2016 | — | Proposed Monitors Report - Jan 27-16 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
12 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Unsecured creditors: a distribution.Monitor's First Report - Filed Feb 26-16 · 26 Feb 2016
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | Class 6: General Trade and Other Unsecured Creditors | — | a distributionconditional | per the monitor | Monitor's First Report - Filed Feb 26-16 · 26 Feb 2016 |
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_4th Extension Filed May 9-16
| PDF · Subscribers | |
Order_3rd Extension Filed April 20-16
| PDF · Subscribers | |
Monitor's Fifth Report Filed
| PDF · Subscribers | |
Claims Procedure Order - Filed Apr 7-16
| PDF · Subscribers | |
| Notice of Claims Process - Apr 7-16 | PDF · Subscribers | |
Monitor's Fourth Report (Filed )
| PDF · Subscribers | |
Order_2nd Extension Filed Apr 5-16
| PDF · Subscribers | |
| Third Monitor's Report - Filed Mar 24-16 | PDF · Subscribers | |
| Monitor's Second Report - Filed Mar 15-16 | PDF · Subscribers | |
| Affidavit of Len Kerekanich - Filed Feb 29-16 | PDF · Subscribers | |
Order_Extension Filed Feb 29-16
| PDF · Subscribers | |
Monitor's First Report - Filed Feb 26-16
| PDF · Subscribers | |
| Creditor Listing at Feb 10-16 | PDF · Subscribers | |
Initial Order - Feb 9-16
| PDF · Subscribers | |
Affidavit in Support of Initial Application - Jan 27-16
| PDF · Subscribers | |
Originating Application - Jan 27-16
| PDF · Subscribers | |
Proposed Monitors Report - Jan 27-16
| 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., “Rotating Right Inc” (CCAA), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/rotating-right-inc