Smartcone Technologies Inc.
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-26-00104012-0000
Smartcone Technologies Inc. has been in court-appointed receivership since May 22, 2026, when the Ontario Superior Court of Justice (Commercial List) appointed MNP Ltd. as receiver on the application of Royal Bank of Canada under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, in court file CV-26-00104012-0000. RBC's secured claim is stated at $507,055, supported by a general security agreement dated September 25, 2018 and a guarantee from Export Development Canada dated August 12, 2021; the Business Development Bank of Canada is listed at $619,050 and Honda Kanata at $22,643. The receiver's plan contemplates the BDC claim being repaid alongside RBC. The unsecured list runs to more than a hundred names, led by ZIM-X Inc. at $1,236,509, Bonsai at $1,048,933 and Disney at $571,146, with CRA listed at $164,596. The receivership remains active.
Order made Friday, May 22, 2026 placing Smartcone in receivership on RBC's application and appointing MNP Ltd. as receiver under s. 243(1) BIA and s. 101 CJA.
Source: Receivership Order
Debtor
Smartcone Technologies Inc.
Receiver
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Smith | Ontario Superior Court of Justice | 1 order, May 2026 | 1 case on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Applicant | Soloway Wright LLP | 22 May 2026 | Order · 22 May 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Business Development Bank of Canada - Toronto · in 26 casesAmount owed to secured creditor per Form 87 s.4(d); no date stated for the figure. Receiver's plan references BDC claim being repaid alongside RBC. — debtor: Smartcone Technologies Inc | $619K | Form 87 - Notice of Statement of the Receiver |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
111 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 plansThis 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.
| Date | Document | File |
|---|---|---|
Receivership Order
| PDF · Subscribers | |
Application Record
| PDF · Subscribers | |
Form 87 - Notice of Statement of the Receiver
| 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., “Smartcone Technologies Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/smartcone-technologies-inc