#Filing
Notice of Motion Returnable date TBD - Opposing Interim Order.PDF — Application / notice of application
Rutmet Inc.
FollowActive
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985 c. B-3, as amended, and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C-43, as amended
- File
- CV-20-00636318-CL
Filings held5
Last activity11 Mar 2020
On the record2,408 days
OverviewSummary updated
Rutmet Inc. is in receivership proceedings before the Ontario Superior Court of Justice, commenced by an application filed February 13, 2020 and again on February 17, 2020, under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The application, brought by TransAsia Private Capital Limited, as manager for the Asian Trade Finance Fund and Asian Trade Finance Fund 2, and TA Private Capital Security Agent Ltd., proposed Grant Thornton Limited as receiver of Rutmet. Rutmet is secured to TA Limited, as manager of Asian Trade Finance Fund 2, under a US$60,000,000 facility dated May 25, 2019, secured by an assignment of receivables, a general security agreement, and a guarantee from UD Trading Group Holding Pte Ltd., and to TA Limited under a US$9,900,000 facility dated June 28, 2017, secured by a first-ranking charge over Rutmet's personal property.
Proceedings AIAsk this case — answers cite the filings
Case updates5 dated entries
2 earlier updates, back to 17 February 2020 — subscribers.
Parties
Debtor
Rutmet Inc.
Receiver
Doane Grant Thornton
Bench and counselPer the orders and service lists on the record
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Applicant | Cassels Brock & Blackwell LLP | 13 Feb 2020 | Application · 13 Feb 2020 |
| CreditorUD Trading Group | Miller Thomson LLP | 11 Mar 2020 | Application · 11 Mar 2020 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | TA Limited (as manager for Asian Trade Finance Fund, via Cantrust (Far East) Limited as original trustee)First ranking charge on all present and after-acquired personal property; assignment of rights in Sales Contracts (ATFF Receivables); US$9,900,000 loan facility limit (ATFF Facility Agreement, June 28, 2017) — Facility limit, not outstanding balance; TA Limited granted rights/obligations of Cantrust under declaration of trust dated May 30, 2014 — debtor: Rutmet Inc. | — | Notice of Application dated February 13, 2020.PDF |
“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.
1 more claim across lower-ranking classesSubscribe to view
Documents5 filings
| Date | Document | File |
|---|---|---|
Notice of Motion Returnable date TBD - Opposing Interim Order.PDF
| PDF · Subscribers | |
Application Record Returnable dated February 26, 2020.pdf
| PDF · Subscribers | |
| Factum of the Applicants Returnable February 26, 2020.PDF | PDF · Subscribers | |
| Book of Authorities of the Applicants dated February 21, 2020.PDF | PDF · Subscribers | |
Notice of Application dated February 13, 2020.PDF
| 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., “Rutmet Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/rutmet-inc