VT Controls Ltd. and BAS Electrical Installations Inc.

Proceeding: Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the "BIA") and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended (the "CJA")
Court: Ontario Superior Court of Justice
File: CV-26-00095205-0000
Industry: Construction · Specialty trade contractors

Filings held3

Last activity30 Sep 2026

On the record112 days

OverviewSummary updated 17 September 2026

VT Controls Ltd. and BAS Electrical Installations Inc. have been in court-appointed receivership since July 16, 2026, when the Ontario Superior Court of Justice granted an interim order on the application of Royal Bank of Canada under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. MNP Ltd. acts as receiver and manager of the two companies. The proceeding is active and carries Ontario court file number CV-26-00095205-0000.

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Case updates3 dated entries

30 Sep 2026

#Claims

245 Notice and Statement of Receiver BAS Electrical — Notice to creditors

PDF · Subscribers

23 Sep 2026

#Claims

245 Notice and Statement of Receiver VT Controls — Notice to creditors

PDF · Subscribers

16 Jul 2026

#Order

The court appointed MNP Ltd. as receiver and manager, on the application of ROYAL BANK OF CANADA. Court file CV-26-00095205-0000.

Source: Appointing Order

Parties

Debtor

VT Controls Ltd. and BAS Electrical Installations Inc.

Receiver

MNP

Bench and counselPer the orders and service lists on the record

Counsel of record

Party	Counsel	First seen	Source
ApplicantRoyal Bank of Canada	Harrison Pensa LLP	16 Jul 2026	Order · 16 Jul 2026

Capital structureAs asserted in the filings

stated amounts, drawn to scale · for subscribers

#	Priority class	Creditor	Amount	Source
3	Deemed trusts (CRA and other)	Canada Revenue Agency · in 985 casesListed as holding security on the Assets — Estimated amount per Receiver's notice; nature of CRA security (e.g. deemed trust) not stated in the document. — debtor: VT Controls Ltd. · as of 23 Sep 2026	$422K	245 Notice and Statement of Receiver VT Controls
4	Secured
4	Secured
4	Secured
4	Secured
4	Secured
8	Unsecured
8	Unsecured
8	Unsecured
8	Unsecured

49 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

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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.

Documents3 filings

Date	Document	File
30 Sep 2026	245 Notice and Statement of Receiver BAS Electrical Applicant Royal Bank of Canada Appointee MNP Ltd. Appointee role receiver and manager Commencement date 8 September 2026 + 5 more extracted facts	PDF · Subscribers

23 Sep 2026	245 Notice and Statement of Receiver VT Controls Applicant Royal Bank of Canada Appointee MNP Ltd. Appointee role receiver and manager Court Ontario Superior Court of Justice + 4 more extracted facts	PDF · Subscribers

16 Jul 2026	Appointing Order Applicant ROYAL BANK OF CANADA Appointee MNP Ltd. Appointee role receiver and manager Commencement date 16 July 2026 + 9 more extracted facts	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., “VT Controls Ltd. and BAS Electrical Installations Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/vt-controls-ltd-and-bas-electrical-installations-inc