Webooook Information Technology Ltd.
- Proceeding
- NOIBankruptcy and Insolvency Act, RSC 1985, c B-3, as amended
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- BK-25-03237660-0031; BK-25-03259653-0031
- Industry
- Retail · Department & general merchandise
Webooook Information Technology Ltd., headquartered in the City of Markham, Ontario, filed a notice of intention to make a proposal under the Bankruptcy and Insolvency Act on June 19, 2025, with Ernst & Young Inc. as Proposal Trustee. The Ontario Superior Court of Justice approved a sale and investment solicitation process on July 9, 2025, with bids due July 14, 2025 at 5:00 p.m. On August 22, 2025 the court granted an approval and vesting order for a sale to Colordance Limited Partnership, as permitted assignee of CCBond Ltd., along with relief under s. 50.4(9) of the Act, a sealing order, and approval of the fees of the Proposal Trustee and its counsel, Fasken Martineau DuMoulin LLP. The proceedings, which also cover HongMall Holding Inc., remain active.
Order approved fees and disbursements of Ernst & Young Inc. of $186,489.87 for June 7 to August 8, 2025 and of Fasken Martineau DuMoulin LLP of $133,984.95 for June 17 to August 14, 2025.
Source: Ancillary Order - Applicant
Approval and vesting order approved the sale to Colordance Limited Partnership, as permitted assignee of CCBond Ltd.
Second Report of the Proposal Trustee described negotiation of the asset purchase agreement, administration of the HongMall User Points Program and response to a CRA payroll trust examination request.
Same-date report served as the Proposal Trustee's second report for Webooook and its first report for HongMall Holding Inc.
SISP Order approved the sale and investment solicitation process, under which bids were due by 5:00 p.m. on July 14, 2025.
First Report of the Proposal Trustee reported that the Company had continued operating in the ordinary course since the NOI, stabilizing operations, securing supply and paying post-NOI obligations.
Debtor
Webooook Information Technology Ltd.
Proposal trustee
EY
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Black | Ontario Superior Court of Justice | 4 orders, Aug 2025 | 198 cases on record |
| Justice Kimmel | Ontario Superior Court of Justice | 2 orders, Jul 2025 | 198 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantWebooook Information Technology Ltd. | Reconstruct LLP | 19 Aug 2025 | Service list · 19 Aug 2025 |
| Purchaser | Chaitons LLP · Fij Law LLP | 19 Aug 2025 | Service list · 19 Aug 2025 |
| CreditorHOU DAK JI LIMITED Meng Huan, Sales Director | Blaney McMurtry LLP | 19 Aug 2025 | Service list · 19 Aug 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada (RBC) · in 584 casesGeneral security agreement granting a first-ranking security interest over all of the Company's property, securing two credit facilities: (i) term loan facility limit of $2,800,000, and (ii) credit card facility limit of $60,000 (facility limits, not balances), extended under EDC's Trade Expansion Lending Program — Outstanding balance is an estimate as of the date of swearing the affidavit. Three shareholders jointly guaranteed $1,000,000 of the loan (personal guarantors - names not reported here), with the remainder guaranteed by Export Development Canada (EDC). — debtor: Webooook Information · as of 4 Jul 2025 | $1.95M | Motion Record, returnable July 9, 2025 |
| 5 | PMSI / lessors | |||
| 7 | Preferred (BIA s. 136) | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
235 more claims in 3 classes The stack holds Secured, PMSI / lessors, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans3 transactions · 2 approved · 1 proposed — Asset Purchase Agreement approved for distribution purposes pursuant to Approval and Vesting Order dated August 22, 2025Ancillary Order (re Stay Extension, Distribution, Increase of… · 22 Aug 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| CCBond Ltd.the Purchased Assets · asset sale · agreement 14 Aug 2025 | Sealed | Proposed | Second Report of the Proposal Trustee of… |
| CCBond Ltd.the Purchased Shares · asset sale · agreement 18 Aug 2025 | Sealed | Approved | Ancillary Order (re Stay Extension,… |
| Colordance Limited Partnershipthe shares described in the Sale Agreement (the 'Purchased Shares') · share sale · agreement 18 Aug 2025 | not stated | Approved22 Aug 2025outside 15 Aug 2025 | Approval and Vesting Order, dated August 22,… |
Royal Bank of Canada: paid in full.EstimatedSecond Report of the Proposal Trustee of Webooook and First Report of… · 19 Aug 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredRBC | Royal Bank of Canada | — | paid in full | Estimatedper the proposal trustee | Second Report of the Proposal Trustee of Webooook and First Report of… · 19 Aug 2025 |
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 engagement · 1 firm — Fasken Martineau DuMoulin LLP, 17 Jun – 14 Aug 2025Second Report of the Proposal Trustee of Webooook and First Report of… · 19 Aug 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Fasken Martineau DuMoulin LLPCounsel to the trustee | 17 Jun – 14 Aug 2025 | — | Second Report of the Proposal Trustee of Webooook and First Report of… · 19 Aug 2025 |
2 blurred figures above
What the firm billed — each as the filing states it, with its source.
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See all plansAs at ·
Cumulative receipts
$3.14M
As at 19 Aug 2025Second Report of the Proposal Trustee of Webooook and First Report of the Proposal Trustee of HongMall Holding, dated August 19, 2025
Cash on hand
As at
Professional fees
As at
2 more reported figures, and the 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Creditor Package
| PDF · Subscribers | |
Ancillary Order (re Stay Extension, Distribution, Increase of Administration Charge, Releases, Second Report, Activities and Fees), dated August 22, 2025
| PDF · Subscribers | |
Ancillary Order, dated August 22, 2025
| PDF · Subscribers | |
Approval and Vesting Order, dated August 22, 2025
| PDF · Subscribers | |
Endorsement of Black, J., dated August 22, 2025
| PDF · Subscribers | |
Ancillary Order - Applicant
| PDF · Subscribers | |
Redline of the HongMall Holding Ancillary Order
| PDF · Subscribers | |
Redline of the Webooook Ancillary Order
| PDF · Subscribers | |
| Factum of the Applicant, dated August 20, 2025 | PDF · Subscribers | |
Second Report of the Proposal Trustee of Webooook and First Report of the Proposal Trustee of HongMall Holding, dated August 19, 2025
| PDF · Subscribers | |
Service List as of August 19, 2025
| PDF · Subscribers | |
Motion Record, returnable August 22, 2025
| PDF · Subscribers | |
| Notice to Creditors | PDF · Subscribers | |
Endorsement of Kimmel, J., dated July 9, 2025
| PDF · Subscribers | |
SISP Approval Order, dated July 9, 2025
| PDF · Subscribers | |
| Factum of the Applicant | PDF · Subscribers | |
First Report of the Proposal Trustee
| PDF · Subscribers | |
SISP Procedure
| PDF · Subscribers | |
Motion Record, returnable July 9, 2025
| PDF · Subscribers | |
SISP - Newspaper Ad, dated June 23, 2025
| PDF · Subscribers | |
Notice to Creditors, dated June 20, 2025
| PDF · Subscribers | |
| Certificate of Appointment | 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., “Webooook Information Technology Ltd.” (NOI), Ontario Superior Court of Justice · Commercial List. Retrieved 4 November 2026, https://proceedings.ca/case/webooook-information-technology-ltd