Proceedings.

Tartan Completion Systems Inc.

Follow
Active
Proceeding
NOIBankruptcy and Insolvency Act
Court
Court of King's Bench of Alberta
File
25-2618433
Filings held22
Last activity12 Aug 2020
On the record2,411 days
Secured debtSubscribers
OverviewSummary updated

Tartan Completion Systems Inc. filed a notice of intention to make a proposal under subsection 50.4(1) of the Bankruptcy and Insolvency Act on February 14, 2020, naming MNP Ltd. as proposal trustee, in the Court of King's Bench of Alberta under file no. 25-2618433. The proceeding remains active. As reported at the filing date, secured claims comprise approximately $1,024,493 owed to Tartan Energy Group, the company's parent; approximately $650,953 to 789357 Alberta Ltd.; approximately $455,576 to Liquid Capital Corp under a factoring arrangement; and approximately $369,347 to Rapid Design Group Ltd., a claim accompanied by a dispute over title to and ownership of Tartan's intellectual property. Unsecured claims, primarily trade vendor amounts, total approximately $1,355,901. No security opinion has been obtained.

Proceedings AIAsk this case — answers cite the filings
Ask in plain language. The answer comes only from this case’s filings, each one cited.
Enter to send · Shift+Enter for a new line
Case updates22 dated entries
#Sale

The court granted an approval and vesting order for the sale to Tartan Energy Group International. Closing terms, as extracted: Vesting occurs upon delivery of the Trustee's Closing Certificate. Sealed: Confidential Supplement to the Fifth Report.

Source: Approval and Vesting Order

#Report

The officer filed report no. Fifth Report. TCSI was not operating as a business at the time of the report; the Trustee was pursuing court approval of a credit-bid sale of its assets to its parent company TEGI following an unsuccessful broader marketing process.

Source: Fifth Report of the Trustee

19 earlier updates, back to 14 February 2020 — subscribers.

Parties

Debtor

Tartan Completion Systems Inc.

Proposal trustee

MNP

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice JeffreyCourt of King's Bench of Alberta3 orders, Apr 2020 – Jun 202037 cases on record

Counsel of record

PartyCounselFirst seenSource
Proposal trusteeMNPMLT Aikins LLP12 Mar 2020Affidavit · 12 Mar 2020
DebtorTartan Completion Systems Inc.Stikeman Elliott LLP12 Mar 2020Affidavit · 12 Mar 2020
CreditorMiles McGillivrayBrownlee LLP12 Mar 2020Affidavit · 12 Mar 2020
CreditorRapid Design Group IncBryan & Company LLP · Stikeman Elliott LLP12 Mar 2020Affidavit · 12 Mar 2020
CreditorRyan McGillivrayStikeman Elliott LLP12 Mar 2020Affidavit · 12 Mar 2020
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredTartan Energy Groupas of NOI filing date — Related party - parent company of TCSI; approximate amount per NOI filing documents; no security opinion obtained yet — debtor: Tartan Completion Systems Inc.$1.02MFirst Report of the Trustee March 10 2020
4 more claims across lower-ranking classesSubscribe to view⁠
Sale processAs stated in the filings

Sale approved — The Transaction is hereby approvedApproval and Vesting Order · 11 Aug 2020

NDAs signed

3

Fifth Report of the Trustee

Qualified bids

1

Fifth Report of the Trustee

PurchaserPriceStatusSource
Tartan Energy Group InternationalRelated partythe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: its nomineeSubscribersApproved11 Aug 2020Approval and Vesting Order
Closing termsVesting occurs upon delivery of the Trustee's Closing CertificateApproval and Vesting Order
Sealed materialsConfidential Supplement to the Fifth ReportApproval and Vesting Order
Estate financialsReported figures — never derived

Cumulative receipts

$1.42M

As at 21 Jul 2020Fourth Report of the Trustee

2 more reported figures, as at 21 Jul 2020Subscribe to view⁠
Documents
22 filings
DateDocumentFile
Approval and Vesting Order
  • Closing terms Vesting occurs upon delivery of the Trustee's Closing Certificate
  • Order date 11 August 2020
  • Purchaser Tartan Energy Group International · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • Sale outcome Sale approved — The Transaction is hereby approved
  • + 2 more extracted facts
PDF · Subscribers
Sealing Order
  • Presiding officer Justice D.R. Mah
PDF · Subscribers
Fifth Report of the Trustee
  • Operational summary TCSI was not operating as a business at the time of the report; the Trustee was pursuing court approval of a credit-bid sale of its assets to its parent company TEGI following an unsuccessful broader marketing process.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 8 more extracted facts
PDF · Subscribers
Notice of Extension of Bid Deadline to July 31, 2020PDF · Subscribers
Order Extending StayPDF · Subscribers
Fourth Report of the Trustee
  • Operational summary TCSI's operations remain shut down due to COVID-19 and the collapse of oil prices; the Company is not planning to resume operations but is progressing the SISP, settling disputes, and relying on ongoing interim financing from TEG while preparing to file a proposal.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Order re: Stay of Proceedings
  • Presiding officer Justice P.R. Jeffrey
PDF · Subscribers
Third Report of the Trustee
  • Operational summary TCSI's operations have remained shut down since the Second Report due to COVID-19 and the collapse of oil prices, with the Company consolidating its assets into the TEG facility and not intending to recommence operations during the SISP process.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Order Extending Stay Approving Settlement and Increasing Financing April 24 2020
  • Presiding officer Justice P.R. Jeffrey
PDF · Subscribers
Second Report of the Trustee
  • Operational summary TCSI ceased its and TCSC's business operations in March 2020 due to COVID-19 and the collapse of oil prices, and is seeking a stay extension to resolve secured creditor and IP disputes while developing a proposal to creditors.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Extension Order April 2 2020
  • Presiding officer Justice P.R. Jeffrey
PDF · Subscribers
Affidavit of Jonathan Brindley sworn March 12 2020PDF · Subscribers
Affidavit of Miles McGillivray March 12 2020PDF · Subscribers
Application To Be Heard March 12 2020
  • Applicant TARTAN COMPLETION SYSTEMS INC.
  • Appointee MNP Ltd.
  • Appointee role proposal trustee
  • Commencement date 14 February 2020
  • + 3 more extracted facts
PDF · Subscribers
Brief of Law and Argument March 12 2020PDF · Subscribers
Letter to Service List re Affidavit of J Brindley March 12 2020
  • Counsel Bryan & Company LLP
PDF · Subscribers
Letter to Service List re Affidavit of M McGillivray March 12 2020
  • Counsel Stikeman Elliott LLP
PDF · Subscribers
Supplemental Affidavit of Bill Chu March 12 2020PDF · Subscribers
First Report of the Trustee March 10 2020
  • Appointee MNP Ltd.
  • Appointee role trustee
  • Commencement date 14 February 2020
  • Court COURT OF QUEEN'S BENCH OF ALBERTA
  • + 5 more extracted facts
PDF · Subscribers
Certificate for the Notice of Intention February 14 2020PDF · Subscribers
Signed Consent to Act February 14 2020PDF · Subscribers
Signed Form 33 February 14 2020PDF · Subscribers

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

CiteProceedings., “Tartan Completion Systems Inc.” (NOI), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/tartan-completion-systems-inc

Recently updated

1281805 B.C. Ltd.

British Columbia · NOI

18 Sep 2026

Collection Tuff Avenue Inc.

Quebec · Bankruptcy

18 Sep 2026

6511 Sussex Heights Development Ltd. ("Highline Metrotown") and Minoru View Homes Ltd. ("Minoru Square") et al.

British Columbia · Receivership (court-appointed)

18 Sep 2026

177 Cross Argus Development Inc.

Ontario · NOI

18 Sep 2026

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