Toolplas Systems Inc.
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- CV-21-00658065-00CL
- Industry
- Manufacturing
Toolplas Systems Inc. was placed in a court-appointed receivership in the Ontario Superior Court of Justice, which commenced on March 3, 2021 under section 243 of the Bankruptcy and Insolvency Act and the provincial Judicature Act jurisdiction, in Court File No. CV-21-00658065-00CL. The proceeding is now closed.
Motion Record of the Receiver returnable November 3, 2022 — Application / notice of application
Motion Record of the Receiver returnable April 20, 2021 — Application / notice of application
Ontario Superior Court of Justice made a receivership order over Toolplas Systems Inc., opening the proceeding under court file CV-21-00658065-00CL.
Undated filings1 — no date appears on the document · show
Debtor
Toolplas Systems Inc.
Receiver
Deloitte
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Koehnen | Ontario Superior Court of Justice | 3 orders, Mar 2021 – Apr 2021 | 83 cases on record |
| Justice Osborne | Ontario Superior Court of Justice | 2 orders, Nov 2022 | 168 cases on record |
| Justice Wilton | Ontario Superior Court of Justice | 2 orders, Jun 2021 | 16 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverDeloitte | Thornton Grout Finnigan LLP | 20 Apr 2021 | Service list · 19 May 2021 |
| Applicant | Miller Thomson LLP Previously Millerthomsonllp (last seen 3 Mar 2021) | 3 Mar 2021 | Service list · 19 May 2021 |
| DebtorToolplas Systems Inc. | Dickinson Wright LLP | 19 May 2021 | Service list · 19 May 2021 |
| CreditorBusiness Development Bank of Canada and BDC Capital Inc | Chaitons LLP | 19 May 2021 | Service list · 19 May 2021 |
| CreditorFirst Midwest Equipment Finance Co | Fogler, Rubinoff LLP | 19 May 2021 | Service list · 19 May 2021 |
| CreditorLeslie Crawford | MINISTRY OF FINANCE Legal Services Br. | 19 May 2021 | Service list · 19 May 2021 |
| CreditorReady Go Transport Inc | Shibley Righton LLP | 19 May 2021 | Service list · 19 May 2021 |
| CreditorStandex International Corporation | Blaney McMurtry LLP | 19 May 2021 | Service list · 19 May 2021 |
| CreditorSummit Polymers, Inc | Scott Petrie LLP | 19 May 2021 | Service list · 19 May 2021 |
The Toronto-Dominion Bank: shortfall.Third Report of the Receiver · 24 Oct 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredTD (secured creditor) | The Toronto-Dominion Bank | — | shortfall | per the receiver | Third Report of the Receiver · 24 Oct 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.
5 engagements · 2 firms — latest: Thornton Grout Finnigan LLP, 1 Jun 2021 – 14 Oct 2022Third Report of the Receiver · 24 Oct 2022
| Firm | Period | Hours | Fees | Rates | Source | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Deloitte Restructuring Inc.Receiverperiod 2 of 2 | 1 Jun – 31 Jul 2021 | 11 people | Third Report of the Receiver · 24 Oct 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11 people — Deloitte Restructuring Inc., 1 Jun – 31 Jul 2021 · 33 blurred figures
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deloitte Restructuring Inc.Receiverperiod 1 of 2 | —Sought | — | Motion Record of the Receiver · 14 Jun 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thornton Grout Finnigan LLPCounsel to the receiverperiod 3 of 3 | 1 Jun 2021 – 14 Oct 2022 | — | — | not stated | Third Report of the Receiver · 24 Oct 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thornton Grout Finnigan LLPCounsel to the receiverperiod 2 of 3 | 1 Apr – 31 May 2021Sought | — | not stated | Motion Record of the Receiver · 14 Jun 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thornton Grout Finnigan LLPCounsel to the receiverperiod 1 of 3 | —Sought | — | — | not stated | Second Report of the Receiver · 14 Jun 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
39 blurred figures above
What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Receiver's Discharge Certificate | PDF · Subscribers | |
Discharge Order of Justice Osborne
| PDF · Subscribers | |
Endorsement of Justice Osborne
| PDF · Subscribers | |
Motion Record of the Receiver returnable November 3, 2022
| PDF · Subscribers | |
Third Report of the Receiver
| PDF · Subscribers | |
Distribution Order of Justice Wilton - Siegel
| PDF · Subscribers | |
Endorsement of Justice Wilton - Siegel
| PDF · Subscribers | |
Motion Record of the Receiver returnable June 23, 2021
| PDF · Subscribers | |
Second Report of the Receiver
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
| First Report of the Receiver | PDF · Subscribers | |
| Motion Record of the Receiver returnable April 20, 2021 | PDF · Subscribers | |
Email Endorsement of Justice Koehnen
| PDF · Subscribers | |
| Notice of Receivership | PDF · Subscribers | |
Order Appointing Receiver - Justice Koehnen
| PDF · Subscribers | |
| Application Record - Applicant TD Bank | PDF · Subscribers | |
| Form 1 – Notice of Termination of Employment | 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., “Toolplas Systems Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/toolplas-systems-inc