The Winning Combination Inc.
- Proceeding
- Receivership (court-appointed)SECTION 243 OF THE BANKRUPTCY AND INSOLVENCY ACT, R.S.C. 1985, C. B-3, AS AMENDED, AND SECTION 55 OF THE COURT OF KING’S BENCH ACT, C.C.S.M. C. C280
- File
- CI 22-01-34705
The Winning Combination Inc. has been in court-appointed receivership since August 30, 2023, with Ernst & Young Inc. acting as receiver and manager under section 243 of the Bankruptcy and Insolvency Act and section 55 of The Court of King's Bench Act, C.C.S.M. c. C280. The appointment was made on the application of HSBC Bank Canada, the plaintiff in court file CI 22-01-34705. The Canada Revenue Agency asserts a deemed trust claim ranking in priority to secured claims, and as of September 7, 2023 the Court had approved and authorized a distribution of CAD 390,000 on account of those priority deemed trust claims, as referenced in the Receiver's Second Report dated August 29, 2023. BDC Capital Inc. appears on the service list through separate counsel. The receivership remains active.
A claims procedure has been established — see the order for deadlines.
The officer filed report no. Second Report of the Receiver. TWC's business operations remain suspended (no sales, manufacturing or shipping since receivership began), and the Receiver has substantially completed the receivership administration, with only the CRA distribution and an ongoing Health Canada litigation claim left to resolve before final discharge.
Source: Second Report of the Receiver
Approval and Vesting Order - Precision ADM Inc. (Purchaser 2) dated 04 May 2022 — Approval and vesting order
The officer filed report no. First Report. TWC had effectively suspended operations prior to the receivership due to a lack of raw material inventory, and all employees were terminated by the Receiver on March 17, 2022; no sales, manufacturing, packaging or shipping activities have occurred since.
The court granted an approval and vesting order for the sale to Kaizen Nutrition Ltd. Sealed: Confidential Supplement to the First Report of the Receiver.
Source: Approval and Vesting Order - Kaizen Nutrition Ltd. (Purchaser 1) dated 04 May 2022
Debtor
The Winning Combination Inc.
Receiver
EY
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Martin | Court of King's Bench of Manitoba | 3 orders, Mar 2022 – Sep 2023 | 8 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverEY | Thompson Dorfman Sweatman LLP | 17 Mar 2022 | Service list · 17 Mar 2022 |
| Applicant | Fasken Martineau DuMoulin LLP · MLT Aikins LLP | 17 Mar 2022 | Service list · 17 Mar 2022 |
| DebtorThe Winning Combination Inc. | McCarthy Tétrault LLP | 17 Mar 2022 | Service list · 17 Mar 2022 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | HSBC Bank Canada · in 55 casesPlaintiff; receiver appointed pursuant to s.243 BIA on its application; CRA deemed trust claim ranks in priority to secured claims (para 4, p.4) — debtor: The Winning Combination, Inc. | — | Notice of Motion (CRA Distribution) |
| 4 | Secured | |||
| 8 | Unsecured |
2 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount.
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See all plans“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Approval pending — Sale via tender process results described in confidential supplement; Receiver seeks authorization to conclude transaction(s) with superior offer(s)TWC - First Report of the Receiver - 20 April 2022 · 20 Apr 2022
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Kaizen Nutrition Ltd.the Debtor's right, title and interest in and to the assets described in the Sale Agreement · asset sale · nominee/assignee: Seahorse Gotzon Holdings Ltd. | not stated | Approved8 Apr 2022 | Approval and Vesting Order - Kaizen Nutrition… |
Secured creditors: shortfall. CRA a distribution.EstimatedTWC - First Report of the Receiver - 20 April 2022 · 24 Mar 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | CRA | — | interim | Estimatedper the receiver | Second Report of the Receiver · 29 Aug 2023 |
| Secured | — | — | shortfall | Estimatedper the receiver | TWC - First Report of the Receiver - 20 April 2022 · 24 Mar 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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plans2 engagements · 2 firms — latest: Ernst & Young Inc., 17 Mar 2022 – 29 Aug 2023, in feesSecond Report of the Receiver · 29 Aug 2023
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Ernst & Young Inc.Receiver | 17 Mar 2022 – 29 Aug 2023 | — | not stated | Second Report of the Receiver · 29 Aug 2023 | |
| Thompson Dorfman Sweatman LLPCounsel | 17 Mar 2022 – 29 Aug 2023 | — | — | not stated | Second Report of the Receiver · 29 Aug 2023 |
1 blurred figure above
What each firm billed — each as the filing states it, with its source.
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See all plansAs at ·
Cumulative receipts
$1.22M
As at 29 Aug 2023Second Report of the Receiver
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures, and the total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Notice of Motion (CRA Distribution)
| PDF · Subscribers | |
Distribution Order
| PDF · Subscribers | |
Second Report of the Receiver
| PDF · Subscribers | |
Approval and Vesting Order - Kaizen Nutrition Ltd. (Purchaser 1) dated 04 May 2022
| PDF · Subscribers | |
Approval and Vesting Order - Precision ADM Inc. (Purchaser 2) dated 04 May 2022
| PDF · Subscribers | |
| General Order dated 04 May 2022 | PDF · Subscribers | |
| Notice of Motion dated 27 April 2022 | PDF · Subscribers | |
TWC - First Report of the Receiver - 20 April 2022
| PDF · Subscribers | |
245(1) 246(1) Notice
| PDF · Subscribers | |
| TWC Tender Information Package | PDF · Subscribers | |
| Example - Proof of Claim - FORM 13 | PDF · Subscribers | |
| Proof of Claim - FORM 13 | PDF · Subscribers | |
| Motion Brief of the Plaintiff dated 17 Mar 2022 | PDF · Subscribers | |
Notice of Motion dated 17 Mar 2022
| PDF · Subscribers | |
Receivership Order dated 17 Mar 2022
| PDF · Subscribers | |
Service List as at 17 Mar 2022
| PDF · Subscribers | |
| EY Consent dated 10 Mar 2022 | PDF · Subscribers | |
| Affidavit of C. Bailey sworn 3 Mar 2022 | 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., “The Winning Combination Inc.” (Receivership (court-appointed)), Court of King's Bench of Manitoba. Retrieved 4 November 2026, https://proceedings.ca/case/the-winning-combination-inc