US Air Compressor (Canada) Inc.
Follow- Proceeding
- Receivership (court-appointed)SECTION 241 of the CANADA BUSINESS CORPORATIONS ACT, R.S.C. 1985, c. C-44, as amended, and SECTION 101 of the COURTS OF JUSTICE ACT, R.S.O. 1990, c. C.43, as amended
- File
- CL-25-00753596-0000
US Air Compressor (Canada) Inc. is the subject of insolvency proceedings commenced on 12 August 2026 in the Ontario Superior Court of Justice, file CL-25-00753596-0000, on the application of Stephen Gilbertson and United States Air Compressor Incorporated. TDB Restructuring Limited was appointed receiver and manager. Bora Kuzucan, a fifty percent shareholder, holds security of $800,000.00 that he granted to himself without the other shareholder's approval under the unanimous shareholders' agreement, accepted at that figure after an accountant's review and with its validity in question before the court. He also took an assignment of the Royal Bank of Canada's security after paying it out under his personal guarantee.
Motion Record for Receiver's Charge dated September 9, 2026 — Application / notice of application
5 earlier updates, back to 12 August 2026 — subscribers.
Filing brief
US Air Compressor: a 50/50 deadlock, a receiver and $34,000 in the bank
Justice Myers put TDB Restructuring in charge of US Air Compressor (Canada) Inc. after finding, for the motions only, that a 50% shareholder had prima facie acted oppressively by granting himself security for a contested shareholder loan of about $800,000; the receiver found approximately $34,000 in the accounts, and the applicants now seek a Receiver's Charge and a $250,000 Borrowing Charge ranking ahead of all security.
Debtor
US Air Compressor (Canada) Inc.
Receiver
TDB Restructuring
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Myers | Ontario Superior Court of Justice | 2 orders, Jul 2026 – Aug 2026 | 103 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Secured creditorCCP Advance Inc., dba CANACAP | Sugar Law Group | 9 Sep 2026 | Service list · 9 Sep 2026 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 556 casesGeneral security agreement dated August 20, 2024 (all property, assets, undertakings); Conditional Sales Contract dated February 14, 2023; also secured by written guarantee and postponement of claim dated June 26, 2025 from Mehmet Bora Kuzucan limited to principal sum of $600,800 — Also a further USD $13,758.52 due (USD Credit Card Facility) as of same date, per demand letter/NOI. Breakdown: Operating Facility CAD $28,154.95, Auto Loan CAD $22,270.61, CAD Credit Card Facility CAD $83,382.32, USD Credit Card Facility USD $13,758.52. Personal guarantee from director Mehmet Bora Kuzucan exists (r · as of 13 Apr 2026 | $134K | Motion Record for Receiver's Charge dated August 31, 2026 |
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
| Date | Document | File |
|---|---|---|
| Factum of the Moving Parties dated September 9, 2026 | PDF · Subscribers | |
| Motion Record for Receiver's Charge dated September 9, 2026 | PDF · Subscribers | |
Service List dated September 9, 2026
| PDF · Subscribers | |
| Factum of the Moving Parties dated August 31, 2026 | PDF · Subscribers | |
Motion Record for Receiver's Charge dated August 31, 2026
| PDF · Subscribers | |
Appointment Order issued August 17, 2026
| PDF · Subscribers | |
Endorsement of Justice Myers dated July 28, 2026
| 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., “US Air Compressor (Canada) Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/us-air-compressor-canada-inc