SEC Industriel Léger

Active

Proceeding: Bankruptcysection 49 of the Bankruptcy and Insolvency Act
Court: Superior Court of Québec
File: 450-11-000012-215

Filings held3

Last activity11 Jul 2022

On the record1,539 days

Secured debt$12.4M

OverviewSummary updated 19 August 2026

SEC Industriel Léger is in bankruptcy under section 49 of the Bankruptcy and Insolvency Act before the Superior Court of Québec, court file 450-11-000012-215, commenced March 26, 2021, with MNP Ltd. as trustee. The proceeding remains active. A Statement of Affairs (Form 78) as at July 4, 2022 puts total assets at $10,056,811.96 against total liabilities of $20,632,426.53, a reported deficiency of $10,575,614.57. FWCU Capital Corp. holds the largest secured claim at $12,446,167.00 against land and building security given July 7, 2016, valued at $4,456,811.96 and leaving an unsecured balance of $7,989,355.04. Further security is held by 9286-2929 Québec inc. for $4,300,000.00 and Consolidated Capital G.P. for $1,300,000.00. BMO Banque de Montréal is listed as unsecured for $2,500,000.00.

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Case updates3 dated entries

11 Jul 2022

#Claims

Notice of Bankruptcy and First meeting of Creditors — Notice to creditors

PDF

5 Jul 2022

#Report

The officer filed a report. Court file 450-11-000012-215.

Source: Certificate of Appointment

26 Mar 2021

#Report

MNP Ltd. was appointed as receiver on the same date the section 49 bankruptcy commenced; MNP is the appointed trustee in the estate.

Source: Trustee's Report on her preliminary administration

Parties

Debtor

SEC Industriel Léger

Trustee in bankruptcy

MNP

Capital structureAs asserted in the filings

stated amounts, drawn to scale

#	Priority class	Creditor	Amount	Source
4	Secured	FWCU Capital Corp. · in 5 casesReal Property or Immovable - Building and Land, given 07-Jul-2016 — Statement of Affairs (Form 78), List B; estimated value of security $4,456,811.96, leaving unsecured deficiency balance of $7,989,355.04 reported also in List A unsecured creditors — debtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$12.4M	Notice of Bankruptcy and First meeting of Creditors
4	Secured	9286-2929 Québec inc. · in 2 casesReal Property or Immovable - Building and Land, given 18-Dec-2018 — Statement of Affairs (Form 78), List B; estimated value of security equals claim amount, no surplus/deficiency shown — debtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$4.3M	Notice of Bankruptcy and First meeting of Creditors
4	Secured	Consolidated Capital G.P. · in 3 casesReal Property or Immovable - Building and Land, given 05-Oct-2017 — Statement of Affairs (Form 78), List B — debtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$1.3M	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	FWCU Capital Corp. · in 5 casesbalance of secured claim under List B unrealized by security value, treated as unsecured deficiency per Form 78 — debtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$7.99M	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	BMO Banque de Montréal · in 4 caseslisted as unsecured despite bank status; guarantee referenced (Garantie Kanwal - related party guarantor) — debtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$2.5M	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	McMillan LLP - Montréaldebtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$44.3K	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	Protek mécanique · in 2 casesdebtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$8.07K	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	Palais de justice de Sherbrooke (100400-1117725137)debtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$5.22K	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	Palais de justice de Sherbrooke (100400-1117725129)debtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$5.22K	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	Maçonnerie René Roy inc.debtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$4.99K	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	Agence du revenu du Québec (TPS) · in 272 casesquasi-governmental claim (Revenu Québec - TPS) — debtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$4.27K	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	9288-1820 QUÉBEC INC. (ENTREPRISE MG)debtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$2.91K	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	Yvon Daigle Multiservices · in 2 casesdebtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$1.98K	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	Marquage première lignedebtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$1.74K	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	Tourbe Serge Robert (Déneigement)debtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$1.49K	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	Me Vikas Sawhney, notaire · in 2 casesdebtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$1.17K	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	Lapalme Germain & fils inc.debtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$1.16K	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	Agence du revenu du Québec (Direction régionale du recouvrement) · in 272 casesquasi-governmental claim (Revenu Québec) — debtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$1.07K	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	Solution Thermo · in 2 casesdebtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$669	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	GNR CORBUS · in 6 casesdebtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$495	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	Vertdure Sherbrooke · in 2 casesdebtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$381	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	Le peintre de l'Estrie inc. · in 2 casesdebtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$318	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	RS SERVICES IMMOBILIERSdebtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$316	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	Multi Clés serrurier expertdebtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$311	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	6986072 Canada Inc, (Univers aspirateur)debtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$109	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	ADT Security Services Canada Inc. · in 22 casesdebtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$108	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	ARC - Taxe - Québec (Shawinigan-Sud National Verification and Collection Centre) · in 168 casesquasi-governmental claim (CRA) — debtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$1	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	Commission Scolaire des Sommets · in 3 casesdebtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$1	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	Commission Scolaire de la Région-de-Sherbrookedebtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$1	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	Hydro Sherbrooke · in 3 casesdebtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$1	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	Ville de Magog · in 3 casesmunicipal taxes claim shown at nominal $1.00 — debtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$1	Notice of Bankruptcy and First meeting of Creditors
8	Unsecured	Ville de Sherbrooke · in 7 casesmunicipal taxes claim shown at nominal $1.00 — debtor: Société en commandite Industriel-Léger · as of 4 Jul 2022	$1	Notice of Bankruptcy and First meeting of Creditors

RecoveriesAs stated in the filings

Unsecured creditors: no distribution. BMO - Banque de Montréal short by $2.5M.EstimatedTrustee's Report on her preliminary administration · 26 Jul 2022

Class	Creditor	Claims	Recovery	Basis	Source
Unsecured	—	—	no distribution	Estimatedper the trustee	Trustee's Report on her preliminary administration · 26 Jul 2022
Unsecured	BMO - Banque de Montréal	—	short by $2.5M	Estimatedper the trustee	Trustee's Report on her preliminary administration · 26 Jul 2022

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.

Estate financialsReported figures — never derived

Total assets at filing$10.1M

Total liabilities at filing$20.6M

As at 4 Jul 2022 · per Statement of Affairs (Form 78), as stated and estimated by the officer (court-appointed Receiver) · entity - Société en commandite Industriel-Léger — Deficiency of $10,575,614.57 reported; total liabilities comprised of unsecured creditors $2,586,259.53, balance of secured claims $7,989,355.04, preferred creditors $0.00, and contingent/trust claims $0.00; preferred creditors (List C) and contingent liabilities (List D) both reported as NIL/$0.00

Documents3 filings

Date	Document	File
26 Jul 2022	Trustee's Report on her preliminary administration Appointee MNP Ltd. Appointee role Trustee Commencement date 26 March 2021 Court SUPERIOR COURT + 5 more extracted facts	PDF

11 Jul 2022	Notice of Bankruptcy and First meeting of Creditors Financial position Assets $10.1M · Liabilities $20.6M · as at 4 Jul 2022 · per Statement of Affairs (Form 78), as stated and estimated by the officer (court-appointed Receiver) · entity - Société en commandite Industriel-Léger — Deficiency of $10,575,614.57 reported; total liabilities comprised of unsecured creditors $2,586,259.53, balance of secured claims $7,989,355.04, preferred creditors $0.00, and contingent/trust claims $0.00; preferred creditors (List C) and contingent liabilities (List D) both reported as NIL/$0.00 Secured creditors $12.4M · Note: Statement of Affairs (Form 78), List B; estimated value of security $4,456,811.96, leaving unsecured deficiency balance of $7,989,355.04 reported also in List A unsecured creditors · Page: 5 · As of: 2022-07-04 · Debtor: Société en commandite Industriel-Léger · Creditor: FWCU Capital Corp. · Security: Real Property or Immovable - Building and Land, given 07-Jul-2016 Unsecured creditors $1.98K · Page: 4 · As of: 2022-07-04 · Basis: Statement of Affairs (Form 78), List A as reported · Debtor: Société en commandite Industriel-Léger · Creditor: Yvon Daigle Multiservices	PDF

5 Jul 2022	Certificate of Appointment Appointee MNP LTD / MNP LTÉE Appointee role trustee Commencement date 5 July 2022 Court file no 450-11-000012-215 + 1 more extracted fact	PDF

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

CiteProceedings., “SEC Industriel Léger” (Bankruptcy), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/sec-industriel-leger-bk