Validus Power Corp
FollowClosed
- Proceeding
- CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
Filings held84
Last activity25 Oct 2024
On the record1,119 days
OverviewSummary updated
Validus Power Corp was the subject of proceedings under the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended, in Ontario. Those CCAA proceedings are closed.
Proceedings AIAsk this case — answers cite the filings
Case updates84 dated entries
#Claims
1000745929 Ontario - Notice of Bankruptcy and First Meeting of Creditors — Notice to creditors
81 earlier updates, back to 29 August 2023 — subscribers.
Parties
Debtor
Validus Power Corp
Monitor
AlixPartners
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Osborne | Ontario Superior Court of Justice | 22 orders, Aug 2023 – Sep 2024 | 146 cases on record |
| Justice Kimmel | Ontario Superior Court of Justice | 2 orders, Aug 2023 | 182 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorAlixPartners | Norton Rose Fulbright Canada LLP | 25 Aug 2023 | Factum · 25 Aug 2023 |
| ReceiverKSV Restructuring Inc., / | Norton Rose Fulbright Canada LLP | 11 Oct 2023 | Service list · 11 Oct 2023 |
| ApplicantMacquarie Equipment Finance Limited | Torys LLP | 2 Aug 2023 | Order · 2 Aug 2023 |
| ApplicantValidus Power Corp | Goldblatt Partners LLP · Torys LLP | 11 Oct 2023 | Service list · 11 Oct 2023 |
| CreditorCanadian Imperial Bank of Commerce | McMillan LLP | 11 Oct 2023 | Service list · 11 Oct 2023 |
| CreditorCatherine Francis | Minden Gross LLP | 23 Oct 2023 | Endorsement · 23 Oct 2023 |
| Creditoreach | Norton Rose Fulbright Canada LLP | 25 Aug 2023 | Affidavit · 25 Aug 2023 |
| Creditoreach by their KSV Restructuring Inc | Norton Rose Fulbright Canada LLP | 23 Oct 2023 | Endorsement · 23 Oct 2023 |
| CreditorHut 8 Mining Corp | Bennett Jones LLP | 11 Oct 2023 | Service list · 11 Oct 2023 |
| CreditorIndependent Electricity System | Stikeman Elliott LLP | 11 Oct 2023 | Service list · 11 Oct 2023 |
| CreditorIndependent Electricity System Operator | Stikeman Elliott LLP | 11 Oct 2023 | Service list · 11 Oct 2023 |
| CreditorInternational Union of Operating Engineers Local 865 | Hart Law | 11 Oct 2023 | Service list · 11 Oct 2023 |
| CreditorMacquarie Equipment Finance Limited | Torys LLP | 2 Aug 2023 | Affidavit · 2 Aug 2023 |
| CreditorMacquarie Equipment Finance Ltd | Torys LLP | 23 Oct 2023 | Endorsement · 23 Oct 2023 |
| CreditorOntario Energy Board | Miller Thomson LLP | 11 Oct 2023 | Service list · 11 Oct 2023 |
| CreditorOntrea Inc., The Cadillac Fairview Corporation Limited and OPB (TDC) | Daoust Vukovich LLP | 11 Oct 2023 | Service list · 11 Oct 2023 |
| CreditorPatrick Corney | Miller Thomson LLP | 11 Oct 2023 | Service list · 11 Oct 2023 |
| CreditorSunnyside Consulting and Holdings Inc | Sotos LLP | 11 Oct 2023 | Service list · 11 Oct 2023 |
| CreditorTC Energy | Fasken Martineau DuMoulin LLP | 11 Oct 2023 | Service list · 11 Oct 2023 |
| CreditorToronto-Dominion Bank | Kestenberg Litigation | 11 Oct 2023 | Service list · 11 Oct 2023 |
RecoveriesAs declared or paid
Unsecured creditors: no distribution. Far North a distribution.Estimated1000745929 Ontario - Trustee's Report to Creditors on Preliminary… · 18 Oct 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Far North | — | a distributioninterim | Finalper the receiver | Sixth Report of the CCAA Monitor · 11 Sep 2024 |
| Unsecured | — | — | no distribution | Estimatedper the trustee | 1000745929 Ontario - Trustee's Report to Creditors on Preliminary… · 18 Oct 2024 |
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.
Fees and ratesAs stated in the filings
3 engagements · 3 firms — latest: KSV Restructuring Inc., —Motion Record of the Receiver · 11 Sep 2024
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| KSV Restructuring Inc.Monitor | — | — | — | ••• | Motion Record of the Receiver · 11 Sep 2024 |
| NRFcapacity not stated | — | — | — | ••• | Motion Record of the Receiver · 11 Sep 2024 |
| Norton Rose Fulbright Canada LLPCounsel to the monitor | — | — | — | ••• | Motion Record of the Monitor · 28 Feb 2024 |
Documents
84 filings
| Date | Document | File |
|---|---|---|
| Receiver's Discharge Certificate dated October 25, 2024 | PDF · Subscribers | |
| 1000745929 Ontario - Notice of Bankruptcy and First Meeting of Creditors | PDF · Subscribers | |
1000745929 Ontario - Trustee's Report to Creditors on Preliminary Administration dated October 18, 2024
| PDF · Subscribers | |
Validus - Trustee's Report to Creditors on Preliminary Administration dated October 18, 2024
| PDF · Subscribers | |
| Certificate of Appointment dated October 1, 2024 - 1000745924 Ontario | PDF · Subscribers | |
| Certificate of Appointment dated October 1, 2024 - Validus Power Corp. | PDF · Subscribers | |
| Validus Canada Corp - Notice of Bankruptcy and First Meeting of Creditors | PDF · Subscribers | |
| Monitor's CCAA Termination Certificate dated September 30, 2024 | PDF · Subscribers | |
Discharge Order dated September 17, 2024
| PDF · Subscribers | |
Endorsement of Justice Osborne dated September 17, 2024
| PDF · Subscribers | |
Termination Order dated September 17, 2024
| PDF · Subscribers | |
Factum (CCAA Termination) dated September 13, 2024
| PDF · Subscribers | |
Factum of the Receiver re Receiver's Discharge dated September 13, 2024
| PDF · Subscribers | |
| Motion Record of the Monitor dated September 11, 2024 | PDF · Subscribers | |
Motion Record of the Receiver dated September 11, 2024
| PDF · Subscribers | |
Sixth Report of the CCAA Monitor dated September 11, 2024
| PDF · Subscribers | |
Court Order dated February 28, 2024
| PDF · Subscribers | |
Endorsement of Justice Osborne dated February 28, 2024
| PDF · Subscribers | |
Motion Record of the Monitor returnable February 28, 2024
| PDF · Subscribers | |
Fifth Report of the CCAA Monitor dated February 26, 2024
| PDF · Subscribers | |
| Notice of Motion dated February 23, 2024 | PDF · Subscribers | |
| Monitor's Certificate dated February 15, 2024 | PDF · Subscribers | |
| Validus - Service List (CCAA) as at January 10, 2024 | PDF · Subscribers | |
| Validus - Service List (Receivership Application) as at January 10, 2024 | PDF · Subscribers | |
Ancillary Order of Justice Osborne dated January 4, 2024.docx
| PDF · Subscribers | |
Endorsement of Justice Osborne dated January 4, 2024
| PDF · Subscribers | |
| Motion Record of the Monitor retrurnable January 4, 2024 | PDF · Subscribers | |
Vesting Order of Justice Osborne dated January 4, 2024.docx
| PDF · Subscribers | |
| Affidavit of Katie Parent sworn December 29, 2023 | PDF · Subscribers | |
| Factum of the Monitor dated December 29, 2023 | PDF · Subscribers | |
Endorsement of Justice Osborne dated December 22, 2023
| PDF · Subscribers | |
| Fourth Report of the Monitor dated December 22, 2023 | PDF · Subscribers | |
| Motion Record of the Applicants by the Receiver returnable December 22, 2023 | PDF · Subscribers | |
Stay Extension Order dated December 22, 2023
| PDF · Subscribers | |
| Third Report of the CCAA Monitor dated December 15, 2023 | PDF · Subscribers | |
Court Order re Increase of Receiver's Borrowing Limit dated November 1, 2023
| PDF · Subscribers | |
Endorsement of Justice Osborne dated Novmber 1, 2023
| PDF · Subscribers | |
SISP Order dated November 1, 2023
| PDF · Subscribers | |
Factum of Macquarie Equipment Finance Ltd dated October 30, 2023
| PDF · Subscribers | |
| Reply Record of Macquarie Equipment Finance Ltd dated October 30, 2023 | PDF · Subscribers | |
| Responding Factum of Validus Power Corp. dated October 26, 2023 | PDF · Subscribers | |
| Aide Memoire of the Monitor re Motion returnable October 23, 2023 | PDF · Subscribers | |
| Aide Memoire of the Respondents re Motion returnable October 23, 2023 | PDF · Subscribers | |
Endorsement of Justice Osborne dated October 23, 2023
| PDF · Subscribers | |
Factum of the Monitor dated October 23, 2023
| PDF · Subscribers | |
| Motion Record of the Monitor returnable October 23, 2023 | PDF · Subscribers | |
Motion Record of the Receiver returnable October 23, 2023
| PDF · Subscribers | |
| Second Report of the Monitor dated October 19, 2023 | PDF · Subscribers | |
Service List (CCAA) as at October 11, 2023
| PDF · Subscribers | |
Service List (Receivership Application) as at October 11, 2023
| PDF · Subscribers | |
Endorsement of Justice Osborne dated September 18, 2023
| PDF · Subscribers | |
Endorsement of Justice Osborne dated September 8, 2023
| PDF · Subscribers | |
Stay Extension Order dated September 8, 2023
| PDF · Subscribers | |
| CCAA Notice to Creditors dated September 5, 2023 | PDF · Subscribers | |
| First Report of the Monitor dated September 1, 2023 | PDF · Subscribers | |
| Motion Record of the Applicants dated September 1, 2023 | PDF · Subscribers | |
| Application Record re Motion returnable August 29, 2023 | PDF · Subscribers | |
Authorization Order dated August 29, 2023
| PDF · Subscribers | |
| CCAA List of Creditors - all Companies | PDF · Subscribers | |
Endorsement dated August 29, 2023
| PDF · Subscribers | |
Initial Order dated August 29, 2023
| PDF · Subscribers | |
| Motion Record of the Receiver returnable August 29, 2023 | PDF · Subscribers | |
Notice of Application of the Receiver dated August 29, 2023
| PDF · Subscribers | |
Affidavit of Evan Cobb sworn August 25, 2023
| PDF · Subscribers | |
Factum of the Applicants dated August 25, 2023
| PDF · Subscribers | |
Factum of the Receiver dated August 25, 2023
| PDF · Subscribers | |
| Pre-filing Report of the Proposed Monitor dated August 23, 2023 | PDF · Subscribers | |
Endorsement of Justice Osborne dated August 18, 2023
| PDF · Subscribers | |
| Amended Compendium of Key Documents returnable August 10, 2023 | PDF · Subscribers | |
Receivership Order dated August 10, 2023
| PDF · Subscribers | |
| Supplementary Responding Motion Record of the Respondents dated August 10, 2023 | PDF · Subscribers | |
| First Report of the Interim Receiver dated August 9, 2023 | PDF · Subscribers | |
Reply Factum of the Applicant dated August 9, 2023
| PDF · Subscribers | |
| Responding Motion Record of the Respondents dated August 9, 2023 | PDF · Subscribers | |
| Second Supplemental Affidavit of Joshua Hamilton Stevens dated August 8, 2023 | PDF · Subscribers | |
| Affidavit of Todd Shortt dated August 7, 2023 | PDF · Subscribers | |
| Application Record returnable August 2, 2023 | PDF · Subscribers | |
Appointment Order dated August 2, 2023
| PDF · Subscribers | |
| Compendium of Key Documents returnable August 2, 2023 | PDF · Subscribers | |
Endorsement dated August 2, 2023
| PDF · Subscribers | |
Supplemental Affidavit of Joshua Hamilton Stevens dated August 2, 2023
| PDF · Subscribers | |
| Notice of Appearance dated August 1, 2023 | PDF · Subscribers | |
| Factum of the Applicant dated July 31, 2023 | PDF · Subscribers | |
| Continuing Contracts Listing | 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., “Validus Power Corp” (CCAA), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/validus-power-corp