#Order
Order Made After Application - Amended Proposal Approval (Canada) — Plan sanction / final order
VES-Artex Systems Canada, ULC & VES-Artex Systems USA, LLC
ActiveFollow
- Proceeding
- NOISubsection 59(1) of the BIA
- File
- VLC-S-B-220121
Filings held18
Last activity10 May 2022
On the record1,660 days
OverviewSummary updated
VES-Artex Systems Canada, ULC and VES-Artex Systems USA, LLC commenced notice of intention proceedings on April 20, 2022 in the Supreme Court of British Columbia in Bankruptcy and Insolvency, court file VLC-S-B-220121, with MNP Ltd. acting as Proposal Trustee. MNP Ltd. is the applicant on the matter, which proceeds under subsection 59(1) of the Bankruptcy and Insolvency Act. The list of creditors with claims of $250 or more filed at the notice of intention date (Form 33) records NewAg Holdings Ltd. as an unsecured creditor of VES-Artex Systems USA, LLC in the amount of CAD $15,594,842.45. The proceedings remain active.
Proceedings AIOpen Proceedings AI
Case updates18 dated entries
#Filing
Notice of Application (USA) was filed. Court file VLC-S-B-220120.
Source: Notice of Application (USA)
#Filing
Commenced the proceedings for both VES-Artex entities on April 20, 2022 under BIA s. 50.4, in the Supreme Court of British Columbia as file VLC-S-B-220121.
Source: Notice of Application (Canada)
#Filing
Certificate of Filing a Notice of Intention to Make a Proposal (Canada) — NOI certificate of filing
#Filing
Certificate of Filing a Notice of Intention to Make a Proposal (USA) — NOI certificate of filing
Parties
Debtor
VES-Artex Systems Canada, ULC & VES-Artex Systems USA, LLC
Proposal trustee
MNP
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Forth | Supreme Court of British Columbia | 2 orders, May 2022 | 4 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorLEVSKY HOLDING INC. Unit | Fasken Martineau DuMoulin LLP | 21 Apr 2022 | Service list · 21 Apr 2022 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | NewAg Holdings Ltd.as of NOI filing date — debtor: VES-Artex Systems USA, LLC | $15.6M | Notice to Creditors of Intention to Make a Proposal Filing (USA) |
RecoveriesAs stated in the filings
Unsecured creditors: paid in full. NewAG a distribution.Under the plan · vote pendingNotice of Application (Canada) · 20 Apr 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | — | — | paid in full | Under the planvote pendingper the proposal trustee | Order Made After Application - Amended Proposal Approval (USA) · 10 May 2022 |
| Preferred | — | — | paid in full | Under the planvote pendingper the proposal trustee | Order Made After Application - Amended Proposal Approval (USA) · 10 May 2022 |
| Unsecured | all unsecured creditors, with the exception of NewAG | — | paid in full | Under the planvote pendingper the proposal trustee | Notice of Application (Canada) · 20 Apr 2022 |
| Unsecured | NewAG | — | conditional | Under the planvote pendingper the proposal trustee | Notice of Application (Canada) · 20 Apr 2022 |
| Equity | Creditors with equity claims | — | not yet estimatedconditional | Under the planvote pendingper the proposal trustee | Order Made After Application - Amended Proposal Approval (USA) · 10 May 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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansDocuments
18 filings
| Date | Document | File |
|---|---|---|
Order Made After Application - Amended Proposal Approval (Canada)
| PDF · Subscribers | |
Order Made After Application - Amended Proposal Approval (USA)
| PDF · Subscribers | |
Report of Trustee on Proposal
| PDF · Subscribers | |
Service Letter
| PDF · Subscribers | |
Notice of Application (Canada)
| PDF · Subscribers | |
Notice of Application (USA)
| PDF · Subscribers | |
| Notice of Hearing (Canada) | PDF · Subscribers | |
| Notice of Hearing (USA) | PDF · Subscribers | |
Amended Joint Proposal
| PDF · Subscribers | |
Notice of Reconvened Meeting of Creditors
| PDF · Subscribers | |
Notice to Creditors of Proposal
| PDF · Subscribers | |
Notice to Creditors of Intention to Make a Proposal Filing (Canada)
| PDF · Subscribers | |
Notice to Creditors of Intention to Make a Proposal Filing (USA)
| PDF · Subscribers | |
| Answers to Frequently Asked Questions | PDF · Subscribers | |
| Certificate of Filing a Notice of Intention to Make a Proposal (Canada) | PDF · Subscribers | |
| Certificate of Filing a Notice of Intention to Make a Proposal (USA) | PDF · Subscribers | |
| Notice of Intention to Make a Proposal (Canada) | PDF · Subscribers | |
| Notice of Intention to Make a Proposal (USA) | 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., “VES-Artex Systems Canada, ULC & VES-Artex Systems USA, LLC” (NOI), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/ves-artex-systems