Transcap Corporation

Active

Proceeding: Receivership (court-appointed)section 13(2) of the Judicature Act, R.S.A. 2000, c.J-2 and sections 99(a) and 243(3)(b) of the Business Corporations Act, R.S.A. 2000, c.B-9
Court: Court of King's Bench of Alberta
File: 1101-11702

Filings held10

Last activity7 Dec 2011

On the record5,402 days

OverviewSummary updated 24 August 2026

Transcap Corporation is the subject of a court-appointed proceeding commenced in the Court of King's Bench of Alberta on December 7, 2011, on the application of a group of individual lenders — Christophe Deniaud, Marta Deniaud, Tomasz Laube, Malgorzata Laube and Raymond L'Heureux — under section 13(2) of the Judicature Act and Part 18 and sections 99(a) and 243(3)(b) of the Business Corporations Act. Ernst & Young Inc. was appointed inspector under court file 1101-11702. It reported that the company's records were incomplete, that TransCap had no funds on hand, and that its assets and liabilities had been transferred to IRC. A listing of individual lenders showed aggregate indebtedness of $67,824,733, against $55,366,163 recorded in the company's general ledger. The proceeding remains active.

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Case updates10 dated entries

7 Dec 2011

#Order

The Court of King's Bench of Alberta appointed Ernst & Young Inc. as inspector on December 7, 2011.

Source: Receivership Order - Palladium Management Corp

2 Dec 2011

#Report

The officer filed report no. Second Report. The Inspector reports on its ongoing investigation into TransCap's dealings with various payees, its difficulty locating TransCap's directors (particularly Mr. Tindall, who may have left Canada), and identifies potential value in Palladium Management Corp.'s minority stake in Dixon Lake Development Corp.'s land holdings. It recommends the Court appoint it as receiver over Palladium's assets given the apparent abandonment of the company by its principals.

Source: Second Report of the Inspector, Filed

2 Dec 2011

#Filing

Notice of Application, Filed was filed.

Source: Notice of Application, Filed

7 earlier updates, back to 7 December 2011 — subscribers.

Parties

Debtor

Transcap Corporation

Receiver

Capital structureAs asserted in the filings

Priority class	Creditor	Amount	Source
Unsecured	Individual Lenders (aggregate, per individual Lender listing at Appendix D) · in 2 casesDiffers from liability recorded in TransCap's general ledger of $55.4 million (which had not been updated since 31-Dec-2008); Inspector investigating the discrepancy. Loans from individual lenders, unsecured per available records. — debtor: TransCap Corporation · as of 31 Dec 2009	$67.8M	First Report of the Inspector

3 more claims across lower-ranking classesSubscribe to view⁠

Estate financialsReported figures — never derived

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Documents

10 filings

Date	Document	File
13 Dec 2011	Receivership Order - Palladium Management Corp Applicant Ernst & Young Inc. Appointee Ernst & Young Inc. Appointee role Receiver Commencement date 7 December 2011 + 4 more extracted facts	PDF · Subscribers

2 Dec 2011	Consent to Act as Receiver, Filed	PDF · Subscribers

2 Dec 2011	Letter to Justice Romaine	PDF · Subscribers

2 Dec 2011	Notice of Application, Filed Applicant CHRISTOPHE DENIAUD, MARTA DENIAUD, TOMASZ LAUBE, MALGORZATA LAUBE, and RAYMOND L'HEUREUX Appointee Ernst & Young Inc. Appointee role receiver of all of the assets, properties and undertakings of Palladium Management Corp. Commencement date 2 December 2011 + 2 more extracted facts	PDF · Subscribers

2 Dec 2011	Second Report of the Inspector, Filed Operational summary The Inspector reports on its ongoing investigation into TransCap's dealings with various payees, its difficulty locating TransCap's directors (particularly Mr. Tindall, who may have left Canada), and identifies potential value in Palladium Management Corp.'s minority stake in Dixon Lake Development Corp.'s land holdings. It recommends the Court appoint it as receiver over Palladium's assets given the apparent abandonment of the company by its principals. Cash on hand · Disbursements · Financial position Subscribers + 4 more extracted facts	PDF · Subscribers

2 Dec 2011	Service Letter to Dale St Jean	PDF · Subscribers

11 Oct 2011	Order of Receivership, Amended Inspector Powers and Requirement to Produce Documents Presiding officer Justice B.E.C Romaine	PDF · Subscribers

5 Oct 2011	First Report of the Inspector Financial position · Secured creditors · Unsecured creditors Subscribers	PDF · Subscribers

31 Aug 2011	Order Appointing Inspector Applicant Christophe Deniaud, Marta Deniaud, Tomasz Laube, Malgorzata Laube, and Raymond L'Heureux Appointee Ernst & Young Inc. Appointee role Inspector Commencement date 31 August 2011 + 4 more extracted facts	PDF · Subscribers

31 Aug 2011	Order of Validating Service	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., “Transcap Corporation” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/transcap-corporation