#Order
The Court of King's Bench of Alberta appointed Ernst & Young Inc. as inspector on December 7, 2011.
Transcap Corporation
ActiveFollow
- 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
- File
- 1101-11702
Filings held10
Last activity7 Dec 2011
On the record5,447 days
OverviewSummary updated
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.
Proceedings AIOpen Proceedings AI
Case updates10 dated entries
#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.
#Order
Order of Receivership, Amended Inspector Powers and Requirement to Produce Documents — Receivership order
#Order
Order Appointing Inspector was filed. Court file 1101-11702.
Source: Order Appointing Inspector
Parties
Debtor
Transcap Corporation
Receiver
EY
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 |
| Unsecured | |||
| Unsecured | |||
| Unsecured |
3 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansEstate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing
As at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plansDocuments
10 filings
| Date | Document | File |
|---|---|---|
Receivership Order - Palladium Management Corp
| PDF · Subscribers | |
| Consent to Act as Receiver, Filed | PDF · Subscribers | |
| Letter to Justice Romaine | PDF · Subscribers | |
Notice of Application, Filed
| PDF · Subscribers | |
Second Report of the Inspector, Filed
| PDF · Subscribers | |
| Service Letter to Dale St Jean | PDF · Subscribers | |
Order of Receivership, Amended Inspector Powers and Requirement to Produce Documents
| PDF · Subscribers | |
First Report of the Inspector
| PDF · Subscribers | |
Order Appointing Inspector
| PDF · Subscribers | |
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 4 November 2026, https://proceedings.ca/case/transcap-corporation