Proceedings.

SM Group

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Active
Proceeding
CCAACOMPANIES' CREDITORS ARRANGEMENT ACT, RSC 1985, C C-36, AS AMENDED
Court
Superior Court of Québec
File
500-11-055122-184
Filings held40
Last activity12 Nov 2019
On the record2,950 days
OverviewSummary updated

SM Group has been under insolvency proceedings in the Superior Court of Québec (Commercial Division) since August 24, 2018, under court file no. 500-11-055122-184, with a monitor as the officer appointed in the matter. The proceedings remain active. Six creditors are identified as secured on the creditor mailing list: the Agence du revenu du Québec and the Canada Revenue Agency's Montréal tax services office, both tax authorities asserting deemed trust claims; Alaris Royalty Corp.; Integrated Private Debt Fund V LP; Investissement Québec; and RBC Equipement Financing. No amounts are attributed to any of those claims on the list.

Claims processIf you are owed money

A claims procedure has been established — see the order for deadlines.

Per the CRO Claims Process Order dated 12 November 2018.

Proceedings AIAsk this case — answers cite the filings
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Case updates39 dated entries · 1 undated
#Report

The officer filed report no. Eighth Report. Substantially all business operations of the Vendors are now conducted by the Purchaser (FNX-Innov) following the earlier asset sale, and the CCAA Parties are no longer collecting accounts receivable; remaining activity involves monitoring, monetizing residual assets (e.g., life insurance policies), and pursuing litigation such as the City of Montreal appeal.

Source: Eighth Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor

36 earlier updates, back to 24 August 2018 — subscribers.

Undated filings1 — no date appears on the document · show

1 filings carry no date on their face — subscribers.

Parties

Debtor

SM Group

Monitor

Deloitte

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice CorriveauSuperior Court of Québec10 orders, Sep 2018 – Jun 201910 cases on record

Counsel of record

PartyCounselFirst seenSource
ApplicantAlaris Royalty CorpMcCarthy Tétrault LLP17 Sep 2018Application · 17 Sep 2018
ApplicantIntegrated Private Debt Fund V LP M tre Kyla Mahar M tre Michel LarocheMiller Thomson LLP17 Sep 2018Application · 17 Sep 2018
CreditorIntegrated Private Debt Fund V LPMiller Thomson LLP28 Sep 2018Judgment (Joint Application for · 28 Sep 2018
CreditorIntegrated Private Debt Fund V LP M tre Kyla Mahar M tre Michel LarocheMiller Thomson LLP23 Aug 2018Application · 23 Aug 2018
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
Deemed trusts (CRA and other)Agence du revenu du Québec · in 272 casesListed as 'Secured' creditor type in creditor mailing list; no amount stated; deemed trust/tax authority—Creditor List

“not stated” means the record names the claim without a figure; “—” means not in the extracted record.

5 more claims across lower-ranking classes

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Sale processAs stated in the filings

6 transactions · 3 closed · 2 approved · 1 proposed — Monitor recommends Court approve the Proposed Transaction with Eddy Savoie for the Life Insurance PoliciesSeventh Report to the Court submitted by Deloitte Restructuring Inc. in… · 4 Jun 2019

Qualified bids

2

Seventh Report to the Court submitted by Deloitte…

Bid deadline

2 November 2018

Order Extending and Amending the Initial Order and…

PurchaserPriceStatusSource
Purchaser entity named only in schedule (Thornhill-related numbered companies); operative text refers to 'the acquéreur Thornhill' without naming the exact contracting entitiesUne vente d'actifs provenant de certaines entités faisant partie du Groupe SM à l'acquéreur Thornhill · asset saleSubscribersApproved12 Nov 2018Approval, Vesting, Distribution and priority…
Thornhillsubstantially all of the assets used in the operation of the Business · asset sale · agreement 13 Oct 2018not statedClosed16 Nov 2018Fourth Report to the Court submitted by…
Eddy SavoieSM Group's rights under and pursuant to ten (10) life insurance policies (the ' Life Insurance Policies ') · auctionSubscribersProposedSeventh Report to the Court submitted by…
11794173 Canada Inc.the rights of The S.M. Group Inc. (the "SM Group") under and pursuant to the insurance policies described in Schedule "A" hereto (the "Purchased Assets") · asset sale · agreement 9 May 2019SealedApproved19 Jul 2019Approval and Vesting Order
11017870 Canada Inc. (now known as FNX-INNOV Inc.), Thornhill G.P. and 11054953 Canada Inc.substantially all of the assets of the Vendors with the exception of certain excluded Assets · asset sale · agreement 31 Oct 2018SubscribersCloseddate not statedEighth Report to the Court submitted by…
11521446 Canada Inc.substantially all of the SM Group Inc.'s rights under and pursuant to seven (7) life insurance policies · asset sale · agreement 26 Jul 2019not statedClosed6 Nov 2019Eighth Report to the Court submitted by…
Closing termsVesting occurs upon issuance of the Monitor's Certificate, following execution of the Offer/asset purchase agreement, payment of the Purchase Price, and satisfaction/waiver of closing conditions.Approval and Vesting Order
Sealed materialsPurchase Agreements; the OfferApproval, Vesting, Distribution and priority charges Order
Estate financialsReported figures — never derived

Cumulative receipts

$1.36M

As at 11 Nov 2019Eighth Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor

3 more reported figures, as at 11 Nov 2019

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Documents
40 filings
DateDocumentFile
Extention and Settlement Approval OrderPDF · Subscribers
Eighth Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor
  • Closing confirmed Closed · date not stated · FNXInnov Inc.; Closed · 6 Nov 2019 · 11521446 Canada Inc.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 7 more extracted facts
PDF · Subscribers
Joint Application for an Extension and Approval OrderPDF · Subscribers
Approval and Vesting Order
  • Closing terms Vesting occurs upon issuance of the Monitor's Certificate, following execution of the Offer/asset purchase agreement, payment of the Purchase Price, and satisfaction/waiver of closing conditions.
  • Order date 19 July 2019
  • Purchaser 11794173 Canada Inc. · the rights of The S.M. Group Inc. (the "SM Group") under and pursuant to the insurance policies described in Schedule "A" hereto (the "Purchased Assets") · asset sale · approved
  • Sealed items the Offer
  • + 1 more extracted fact
PDF · Subscribers
Seventh Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor
  • Process results 2 qualified bids · 2 bids · as of 23 May 2019
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 7 more extracted facts
PDF · Subscribers
Motion for the Issuance of an Approval and Vesting Order
  • Presiding officer Justice Chantal Corriveau
PDF · Subscribers
Assignment and Extension Order
  • Presiding officer Justice Chantal Corriveau
PDF · Subscribers
Sixth Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor
  • Operational summary The CCAA Parties are no longer operating or collecting accounts receivable, as substantially all business operations of the Vendors are now performed by the Purchaser (FNX-Innov), with the Monitor focused on implementing the Transaction, resolving disputes, and monetizing remaining assets.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Joint Application for an Assignment and Extension OrderPDF · Subscribers
Joint Application to Extend the Stay PeriodPDF · Subscribers
Order on the Application to Extend the Stay Period
  • Presiding officer Judge Chantal Corriveau
PDF · Subscribers
Fifth Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor
  • Operational summary Substantially all business operations of the Vendors have transitioned to the Purchaser (FNXInnov), with the CCAA Parties no longer collecting accounts receivable and the Monitor focused on completing post-closing assignments, resolving oppositions, and monetizing remaining assets such as tax credits, claims, and a receivable.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Declaratory Judgment of amounts due from City of Montreal
  • Presiding officer Justice Chantal Corriveau
PDF · Subscribers
Creditor List
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Order on the Second Application to Assign Agreements
  • Presiding officer Justice Chantal Corriveau
PDF · Subscribers
Order on the Application to Assign Agreements and to Extend the Stay PeriodPDF · Subscribers
Fourth Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor
  • Closing confirmed Closed · 16 Nov 2018 · 11017870 Canada Inc. (now known as FNX-INNOV Inc.), Thornhill G.P. and 11054953 Canada Inc.
  • Purchaser 11017870 Canada Inc. (now known as FNX-INNOV Inc.), Thornhill G.P. and 11054953 Canada Inc. · substantially all of the assets of the Vendors with the exception of certain excluded Assets · asset sale · closed
  • Sale outcome Sale closed — Transaction closed in escrow, released from escrow, Preliminary Closing Certificate filed; Final Closing expected December 14, 2018
  • Stalking horse Subscribers
PDF · Subscribers
Joint Application to Assign Agreements and to Extend the Stay PeriodPDF · Subscribers
Application for Declaratory Judgment of amounts due from City of MontrealPDF · Subscribers
Application to Approve and Implement a TransitionPDF · Subscribers
Approval, Vesting, Distribution and priority charges Order
  • Order date 12 November 2018
  • Purchaser Purchaser entity named only in schedule (Thornhill-related numbered companies); operative text refers to 'the acquéreur Thornhill' without naming the exact contracting entities · Une vente d'actifs provenant de certaines entités faisant partie du Groupe SM à l'acquéreur Thornhill · asset sale · approved
  • Sale outcome Sale approved — Transaction approved by the court
  • Sealed items Purchase Agreements
  • + 1 more extracted fact
PDF · Subscribers
CRO Claims Process Order
  • Presiding officer Justice Chantal Corriveau
PDF · Subscribers
Creditors' Instructions and Proof of Claim FormPDF · Subscribers
Order appointing a Receiver
  • Applicant Alaris Royalty Corp. and Integrated Private Debt Fund V LP
  • Appointee Deloitte Restructuring Inc.
  • Appointee role receiver
  • Commencement date 12 November 2018
  • + 6 more extracted facts
PDF · Subscribers
Third Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor
  • Process results 14 solicited · as of 3 Oct 2018
  • Purchaser Thornhill · substantially all of the assets used in the operation of the Business · asset sale · proposed
  • Sale outcome Approval pending — Proposed Transaction with Thornhill pending Court approval; Monitor recommends approval.
  • Stalking horse Subscribers
PDF · Subscribers
Judgment (Joint Application for Directions with regards to DAS)
  • Counsel Miller Thomson SENCRL
  • Presiding officer Justice Chantal Corriveau
PDF · Subscribers
Notice of Postponement of the SISP Commencement Date & Bid DeadlinePDF · Subscribers
Order (additional powers of the Chief Restructuring Officer)
  • Presiding officer Justice Chantal Corrivea
PDF · Subscribers
Order Extending and Amending the Initial Order and Approving a Sale and Investment Solicitation Process
  • Bid deadline 2 November 2018
  • Order date 21 September 2018
  • Break fee · Stalking horse Subscribers
PDF · Subscribers
Second Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor
  • Sale outcome Sale process approved — SISP proposed by the Applicants for approval by the Court
  • Stalking horse Subscribers
PDF · Subscribers
Joint Application to Extend and Modify the Innitial Order and to Approve a Sale and Investment Solicitation Process
  • Counsel McCarthy Tétrault LLP
  • Presiding officer Justice Chantal Corriveau
PDF · Subscribers
List of ExhibitsPDF · Subscribers
Notice to CreditorsPDF · Subscribers
Amended and Restated Initial Order
  • Applicant Alaris Royalty Corp. and Integrated Private Debt Fund V LP
  • Appointee Deloitte Restructuring Inc.
  • Appointee role Monitor
  • Commencement date 24 August 2018
  • + 3 more extracted facts
PDF · Subscribers
Employee Q&As - CCAA FilingPDF · Subscribers
First Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as proposed MonitorPDF · Subscribers
Initial Order
  • Appointee role Monitor
  • Commencement date 24 August 2018
  • Court SUPERIOR COURT (COMMERCIAL DIVISION)
  • Court file no 500-11-055122-184
  • + 1 more extracted fact
PDF · Subscribers
Supplier Q&As - CCAA FilingPDF · Subscribers
Joint Application for an Initial Order
  • Counsel Miller Thomson LLP
PDF · Subscribers
Service ListsPDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “SM Group” (CCAA), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/sm-group

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Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/sm-group

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.