Synergy Stamping Inc., together with 1696306 Ontario Inc., is proceeding under a Notice of Intention to Make a Proposal filed under Division I of the Bankruptcy and Insolvency Act. A creditor listing dated February 14, 2019 records unsecured claims of $250 or more against Synergy Stamping Inc., with no security stated against any of them. The largest listed claims are Royal Bank of Canada c/o BankruptcyHighway.com at $198,000, Business Development Bank of Canada - Toronto Special Accounts at $51,400, and Bank One Canada c/o Royal Bank of Canada at $20,000, alongside numerous smaller trade creditor claims. The matter remains active, with no further filings or hearings recorded.
The court granted an approval and vesting order for the sale to Infinity Asset Solutions Inc. Closing terms, as extracted: Vesting effective upon delivery of the Proposal Trustee's Certificate confirming payment of purchase price, satisfaction/waiver of closing conditions, and completion of the transaction.
Source: Order of Justice Hainey April 29, 2019 – Approval and Vesting Order;
Motion Record of Synergy Stamping Inc. and 1696306 Ontario Inc. (returnable April 29, 2019) — Application / notice of application
The court granted an approval and vesting order for the sale to Prestige Equipment. Closing terms, as extracted: vesting effective upon delivery of the Proposal Trustee's certificate confirming payment and satisfaction of closing conditions. Sealed: Confidential Appendix "Y" and Confidential Appendix "X" to the Rahman Affidavit.
Source: Order of Justice Penny March 8, 2019 – Approval and Vesting Order
Order of Justice Penny March 8, 2019 – NOI extension, Sales Process Approval, etc was filed.
Source: Order of Justice Penny March 8, 2019 – NOI extension, Sales Process Approval, etc.
Motion Record of Synergy Stamping Inc. (returnable March 8, 2019) was filed. Court file 32-2474822.
Source: Motion Record of Synergy Stamping Inc. (returnable March 8, 2019)
Motion Record of 1696306 Ontario Inc. (returnable March 8, 2019) — Application / notice of application
Debtor
Synergy Stamping Inc. and 1696306 Ontario Inc.
Proposal trustee
Albert Gelman
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Penny | Ontario Superior Court of Justice | 4 orders, Mar 2019 | 196 cases on record |
| Justice Hainey | Ontario Superior Court of Justice | 3 orders, Apr 2019 | 211 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorSynergy Stamping Inc. and 1696306 Ontario Inc. | Loopstra Nixon LLP | 8 Mar 2019 | Order · 8 Mar 2019 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Royal Bank of Canada c/o BankruptcyHighway.comNo security stated in document; classified as unsecured based on listing — debtor: Synergy Stamping Inc. · as of 14 Feb 2019 | $198K | Notice of NOI (dated February 19, 2019) – Synergy Stamping Inc. |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
20 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plans2 transactions · 2 approved — marketing and sale process approvedOrder of Justice Penny March 8, 2019 – NOI extension, Sales Process… · 8 Mar 2019
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Prestige Equipmentthe asset described in the Surplus Machine APA (the "Surplus Machine") · asset sale · agreement 26 Feb 2019 | Subscribers | Approved8 Mar 2019 | Order of Justice Penny March 8, 2019 – Approval… |
| Infinity Asset Solutions Inc.the Purchased Assets · asset sale · agreement 18 Apr 2019 | not stated | Approved29 Apr 2019 | Order of Justice Hainey April 29, 2019 –… |
| Date | Document | File |
|---|---|---|
Endorsement of Justice Hainey April 29, 2019;
| PDF · Subscribers | |
Order of Justice Hainey April 29, 2019 – Approval and Vesting Order;
| PDF · Subscribers | |
Order of Justice Hainey April 29, 2019 – NOI extension, etc.;
| PDF · Subscribers | |
| Second Report of the Proposal Trustee date April 23, 2019 | PDF · Subscribers | |
| Motion Record of Synergy Stamping Inc. and 1696306 Ontario Inc. (returnable April 29, 2019) | PDF · Subscribers | |
| Endorsement of Justice Penny March 8, 2019 | PDF · Subscribers | |
Opportunity Teaser
| PDF · Subscribers | |
Order of Justice Penny March 8, 2019 – Administrative Consolidation – 1696306 Ontario Inc.
| PDF · Subscribers | |
Order of Justice Penny March 8, 2019 – Administrative Consolidation – Synergy Stamping Inc.
| PDF · Subscribers | |
Order of Justice Penny March 8, 2019 – Approval and Vesting Order
| PDF · Subscribers | |
Order of Justice Penny March 8, 2019 – NOI extension, Sales Process Approval, etc.
| PDF · Subscribers | |
Confidentiality Agreement
| PDF · Subscribers | |
First Report of the Proposal Trustee dated March 1, 2019
| PDF · Subscribers | |
Motion Record of 1696306 Ontario Inc. (returnable March 8, 2019)
| PDF · Subscribers | |
Motion Record of Synergy Stamping Inc. (returnable March 8, 2019)
| PDF · Subscribers | |
| Notice of NOI (dated February 19, 2019) – 1696306 Ontario Inc. | PDF · Subscribers | |
Notice of NOI (dated February 19, 2019) – Synergy Stamping Inc.
| 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., “Synergy Stamping Inc. and 1696306 Ontario Inc.” (Proposal), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/synergy-stamping-inc-and-1696306-ontario-inc
Sources last checked · summary updated 13 August 2026 · Report a correction · Printed from proceedings.ca/case/synergy-stamping-inc-and-1696306-ontario-inc
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.