Proceedings.

XEBEC ADSORPTION INC. & Al.

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Active
Proceeding
CCAACompanies' Creditors Arrangement Act, RSC 1985, c C-36
File
500-11-061483-224
Filings held248
Last activity19 Jun 2026
On the record1,453 days
Secured debt$17.6M
OverviewSummary updated

Xebec Adsorption Inc. and its affiliated debtors are the subject of bankruptcy proceedings under the Bankruptcy and Insolvency Act before the Superior Court of Québec, Commercial Division, in the Province of Quebec. The proceedings commenced on June 19, 2026, the same day the Court granted an interim order. The file remains active. The record for this page carries no milestone after that order, so the case stands as it did on commencement.

Claims processIf you are owed money

The claims bar date has passed — claims were due by

Per the Order (I) Recognizing and Enforcing the Claims Procedure Order; and (II) Granting Related Relief dated June 6, 2023 dated 6 June 2023.

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Case updates248 dated entries · 2 undated
#Report

The officer filed report no. Eighteenth Report. The Petitioners' Canadian entities (ACS and CAI) have completed dissolution, and BLA continues a wind-down of its remaining insolvency proceedings, pursuing recoveries from non-Petitioner entities (Inmatec Germany, Xebec Italy) and outstanding sales tax refunds while maintaining sufficient liquidity via the Administrative Reserve.

Source: Eighteenth Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor dated June 17, 2026

#Sale

The court granted an approval and vesting order for the sale to Ivys Adsorption Inc. Closing terms, as extracted: Vesting occurs upon issuance of a Monitor's Certificate confirming satisfaction of closing conditions; a Biostream Charge secures payment of the balance of the Purchase Price in instalments, discharged unit-by-unit. Sealed: Binding LOI.

Source: Approval and Vesting Order in Respect of Biostream Assets of FormerXBC Systems USA, LLC (Formely Xebec Systems USA, LLC) dated May 24, 2023

#Order

Order (I) Recognizing and Enforcing CCAA Vesting Order; (II) Approving the Sale of Certain of the Debtors' Assets Free and Clear of Any and All Liens, Claims, and Encumbrances; and (III) Granting Related Relief dated September 28, 2023 was filed.

Source: Order (I) Recognizing and Enforcing CCAA Vesting Order; (II) Approving the Sale of Certain of the Debtors' Assets Free and Clear of Any and All Liens, Claims, and Encumbrances; and (III) Granting Related Relief dated September 28, 2023

#Filing

Application for (I) an Extension of the Stay of Proceedings, (II) the Establishment of a Claims Process, (III) the Authorization to use Net Proceeds to Fund Cash-Flow Requirements and (IV) the Issuance of an Approval and Vesting Order in Respect of Biostream Assets of FormerXBC Systems USA, LLC (Formely Xebec Systems USA, LLC) dated May 19, 2023 was filed.

Source: Application for (I) an Extension of the Stay of Proceedings, (II) the Establishment of a Claims Process, (III) the Authorization to use Net Proceeds to Fund Cash-Flow Requirements and (IV) the Issuance of an Approval and Vesting Order in Respect of Biostream Assets of FormerXBC Systems USA, LLC (Formely Xebec Systems USA, LLC) dated May 19, 2023

#Order

Application for (I) an Extension of the Stay of Proceedings, (II) the Establishment of a Claims Process, (III) the Authorization to use Net Proceeds to Fund Cash-Flow Requirements and (IV) the Issuance of an Approval and Vesting Order in Respect of Biostream Assets of FormerXBC Systems USA, LLC (Formely Xebec Systems USA, LLC) dated May 19, 2023 was filed.

Source: Application for (I) an Extension of the Stay of Proceedings, (II) the Establishment of a Claims Process, (III) the Authorization to use Net Proceeds to Fund Cash-Flow Requirements and (IV) the Issuance of an Approval and Vesting Order in Respect of Biostream Assets of FormerXBC Systems USA, LLC (Formely Xebec Systems USA, LLC) dated May 19, 2023

#Order

Order (I) Recognizing and Enforcing the CCAA Vesting Order; (II) Approving the Sale of Certain of Debtor Systems USA LLC's Assets Free and Clear of any and all Liens, Claims, and Encumbrances; (III) Approving the Assumption and Assignment of Certain Contracts; and (IV) Granting Related Relief dated March 31, 2023 was filed.

Source: Order (I) Recognizing and Enforcing the CCAA Vesting Order; (II) Approving the Sale of Certain of Debtor Systems USA LLC's Assets Free and Clear of any and all Liens, Claims, and Encumbrances; (III) Approving the Assumption and Assignment of Certain Contracts; and (IV) Granting Related Relief dated March 31, 2023

#Order

Order (I) Recognizing and Enforcing the CCAA Vesting Order; (II) Approving the Sale of Certain of Debtor The Titus Company's Assets Free and Clear of any and all Liens, Claims, and Encumbrances; (III) Approving the Assumption and Assignment of Certain Contracts; and (IV) Granting Related Relief dated March 31, 2023 was filed.

Source: Order (I) Recognizing and Enforcing the CCAA Vesting Order; (II) Approving the Sale of Certain of Debtor The Titus Company's Assets Free and Clear of any and all Liens, Claims, and Encumbrances; (III) Approving the Assumption and Assignment of Certain Contracts; and (IV) Granting Related Relief dated March 31, 2023

#Sale

The court granted an approval and vesting order for the sale to Total Energy Systems, LLC. Closing terms, as extracted: Vesting occurs upon issuance of the Monitor's Certificate, following execution and delivery of the Purchase Agreement, payment of the Purchase Price, and satisfaction/waiver of closing conditions. Sealed: Asset Purchase Agreement / Exhibit P-6A.

Source: Approval, Vesting and Assigment Order in Respect of the Assets of XBC Flow Services - Wisconsin Inc. dated March 16, 2023

#Sale

The court granted an approval and vesting order for the sale to FAD Pennsylvania Inc. Closing terms, as extracted: Vesting occurs upon issuance of the Monitor's Certificate, conditioned on execution/delivery of the Purchase Agreement, payment of the Purchase Price, and satisfaction or waiver of closing conditions. Sealed: Asset Purchase Agreement dated March [9], 2023 (Exhibit P-5A).

Source: Approval, Vesting and Assigment Order in Respect of the Assets of the Titus Company dated March 16, 2023

#Order

Order (I) Recognizing and Enforcing the CCAA Vesting Order; (II) Approving the Sale of Certain of Debtor XBC Flow Services - Wisconsin Inc.'s Assets Free and Clear of any and all Liens, Claims, and Encumbrances; (III) Approving the Assumption and Assignment of Certain Contracts; and (IV) Granting Related Relief dated March 31, 2023 was filed.

Source: Order (I) Recognizing and Enforcing the CCAA Vesting Order; (II) Approving the Sale of Certain of Debtor XBC Flow Services - Wisconsin Inc.'s Assets Free and Clear of any and all Liens, Claims, and Encumbrances; (III) Approving the Assumption and Assignment of Certain Contracts; and (IV) Granting Related Relief dated March 31, 2023

#Sale

The court granted an approval and vesting order for the sale to Ivys, Inc. Closing terms, as extracted: Vesting occurs upon issuance of the Monitor's Closing Certificate, confirming execution and delivery of the Purchase Agreement, payment of the Purchase Price, and satisfaction/waiver of closing conditions. Sealed: Purchase Agreement filed as Exhibit P-5, Exhibits P-5 and P-5A.

Source: Approval, Vesting and Assignment Order in Respect of the Assets of Xebec Adsorption Inc. and Compressed Air International Inc. dated February 17, 2023

#Sale

The court granted an approval and vesting order for the sale to Fonds de solidarité des travailleurs du Québec (F.T.Q.) and GNR Quebec Capital L.P. Closing terms, as extracted: Vesting upon issuance of Monitor's Certificate confirming execution/delivery of Agreement, payment of Purchase Price, and satisfaction/waiver of closing conditions. Sealed: Agreement (Exhibit P-7).

Source: Approval and Vesting Order in Respect of GNR LP dated February 13, 2023

#Order

Order (I) Recognizing and Enforcing the CCAA Vesting Order; (II) Approving the Sale of Certain of the Debtors' Assets Free and Clear of Any and All Liens, Claims, and Encumbrances; (III) Approving the Assumption and Assignment of Certain Contracts; and (IV) Granting Related Relief dated February 16, 2023 was filed.

Source: Order (I) Recognizing and Enforcing the CCAA Vesting Order; (II) Approving the Sale of Certain of the Debtors' Assets Free and Clear of Any and All Liens, Claims, and Encumbrances; (III) Approving the Assumption and Assignment of Certain Contracts; and (IV) Granting Related Relief dated February 16, 2023

Undated filings2 — no date appears on the document · show
Filing

Declaration of Dimitrios "Jim" Vounassis in Support of Foreign Representative's Final Report and Motion for Order Approving Entry of Final Decree Closing Certain Chapter 15 Cases dated May 8. 2024 Application filed

PDF

Report

Shareholders Class Action - Long Form Notice Court officer report filed

PDF

Parties

Debtor

XEBEC ADSORPTION INC. & Al.

Monitor

Deloitte

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice ImmerSuperior Court of Québec32 orders, Sep 2022 – Nov 20245 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorDeloitteMcCarthy Tétrault LLP28 Nov 2025Service list · 28 Nov 2025
ApplicantXEBEC ADSORPTION INC. & Al.Osler, Hoskin & Harcourt LLP29 Sep 2022Order · 29 Sep 2022
CreditorAir Products & Chemicals, IncLanglois Avocats28 Nov 2025Service list · 28 Nov 2025
CreditorAventura Construction CorpGoetz Fitzpatrick LLP28 Nov 2025Service list · 28 Nov 2025
CreditorBla BLALage Landen Financial Services Deloitte LLP21 Jun 2023Service list · 21 Jun 2023
CreditorBrightmarkMiller Canfield28 Nov 2025Service list · 28 Nov 2025
Creditorclass actionKND Law LLP28 Nov 2025Service list · 28 Nov 2025
CreditorExport Development CanadaNorton Rose Fulbright Canada LLP28 Nov 2025Service list · 28 Nov 2025
CreditorFonds de Solidarité des travailleurs FTQBlake, Cassels & Graydon LLP28 Nov 2025Service list · 28 Nov 2025
CreditorFormerxbc Inc. (Formerly Xebec Adsorption Inc.)Osler, Hoskin & Harcourt LLP28 Nov 2025Service list · 28 Nov 2025
CreditorForum US IncWitten LLP28 Nov 2025Service list · 28 Nov 2025
CreditorGardner Denver incMcMillan LLP28 Nov 2025Service list · 28 Nov 2025
CreditorHaffner EnergyLanglois Avocats28 Nov 2025Service list · 28 Nov 2025
CreditorKeyBank National AssociationDuane Morris LLP26 Apr 2023Order · 26 Apr 2023
CreditorNational Bank of CanadaBorden Ladner Gervais LLP28 Nov 2025Service list · 28 Nov 2025
CreditorTrillium USABlake, Cassels & Graydon LLP28 Nov 2025Service list · 28 Nov 2025
Capital structureAs asserted in the filings
stated amounts, drawn to scale
Priority classCreditorAmountSource
SecuredExport Development Canada (EDC) · in 99 casesSecurity on shares held by Holding USA in Nortekbelair, Xebec Systems, California Compression and XBC Wisconsin, and hypothecs/liens on assets of Holding USA, Xebec Inc., Nortekbelair, Xebec Systems, California Compression and XBC Wisconsin — Amount excludes interest, costs, fees and expenses, and excludes NBC-issued letters of credit mostly guaranteed by EDC. Prose in the report states the outstanding amount as approximately $17.6M as of the date of the First Report (Sept 29, 2022); exact dated balance from creditor table (as of Aug 31, 2022) used here. — debtor: Xebec Holding USA Inc., Xebec · as of 31 Aug 2022$17.6MFirst Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Proposed Monitor dated September 29, 2022
SecuredNational Bank of Canada (NBC) · in 87 casesHypothecs and liens on substantially all assets of Xebec Inc., as well as Applied, XBC Wisconsin, Xebec USA, Holding USA, CDA, Enerphase, Titus, Compressed, Tiger, California Compression, Nortekbelair, Holding UK and Xebec Systems — Amount excludes interest, costs, fees and expenses. Also excludes outstanding letters of credit issued by NBC (~$7.5M), which are mostly guaranteed by EDC; Proposed Monitor was still validating LC information. Same figure ($7M) also stated in prose as of the First Report date (Sept 29, 2022). — debtor: Xebec Adsorption Inc. and related Canadian/US Petitioners (blan · as of 31 Aug 2022$7MFirst Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Proposed Monitor dated September 29, 2022
Sale processAs stated in the filings

23 transactions · 15 closed · 4 approved · 3 proposed · 1 not completedNumerous transactions completed as part of the SISP and realization of the Xebec Group's remaining assetsEighteenth Report to the Court submitted by Deloitte Restructuring Inc.… · 17 Jun 2026

PurchaserPriceStatusSource
1396905 B.C. LtdRelated partyPurchased Assets · asset sale · agreement 27 Jan 2023SealedThat the sale will provide a cash payment.Closeddate not statedCertificate of the Monitor (ACS Transaction)…
FSTQsubstantially all of the assets of GNR · share sale · agreement 8 Feb 2023SealedProposedSixth Report to the Court Submitted by Deloitte…
purchaser of Green Vision Holding B.V. shares (HyGear) not named in this reportthe sale of its shares in Green Vision Holding B.V. · share sale · agreement 6 Feb 2023not stateddespite the nominal consideration paid for the sharesClosed6 Feb 2023Sixth Report to the Court Submitted by Deloitte…
unnamedsubstantially all assets of ACSnot statedClosed7 Feb 2023Sixth Report to the Court Submitted by Deloitte…
Fonds de solidarité des travailleurs du Québec (F.T.Q.) and GNR Quebec Capital L.P.the Purchased Interest · share sale · agreement 8 Feb 2023SealedClosed15 Feb 2023Certificate of the Monitor (FSTQ & GNR…
Sullair, LLCPurchased Assets · asset sale · agreement 8 Feb 2023SealedCash purchase price plus assumption of certain liabilities; purchase price itself is sealed/confidential.Closeddate not statedCertificate of the Monitor (Sullair…
Ivys, Inc.the Purchased Assets · asset sale · nominee/assignee: a corporation to be incorporated (the "Equity Buyer") · agreement 8 Feb 2023$2.09Mbalance of purchase price received; excludes $100K deposit already held by the MonitorClosed11 Oct 2023Twelfth Report to the Court submitted by…
Curtiscertain of the assets of AIR (the 'Curtis Purchased Assets') · asset salenot statedProposedSeventh Report to the Court Submitted by…
unnamedTiger Transactionnot statedClosed27 Jan 2023outside 7 Feb 2023Sixth Report to the Court Submitted by Deloitte…
EnergyLink U.S. Inc.Debtor Xebec Systems USA LLC's rights, title, and interests in and to the Purchased Assets · asset sale · agreement 14 Mar 2023SealedClosed5 Apr 2023Ninth Report to the Court Submitted by Deloitte…
FAD Pennsylvania Inc.the Purchased Assets · asset sale · agreement 9 Mar 2023SealedPurchase Agreement filed under seal as Exhibit P-5A; price not disclosed in this order.Closed20 Mar 2023Eighth Report to the Court Submitted by…
Total Energy Systems, LLCthe Purchased Assets · asset sale · agreement 11 Mar 2023SealedClosed23 Mar 2023Eighth Report to the Court Submitted by…
FAD Pennsylvania, Inc.Debtor The Titus Company's rights, title, and interests in and to the Purchased Assets · asset sale · agreement 11 Mar 2023Sealedfinal price adjustment lowered the purchase price by USD $325K; original price not stated in this excerptApproved31 Mar 2023Order (I) Recognizing and Enforcing the CCAA…
auctioneer purchaser of the AIR Fleet vehicles, unnamedthe AIR Fleet · auction$80K USDplus applicable sales taxes and delivery feesApprovedNinth Report to the Court Submitted by Deloitte…
Ivysthe Biostream/Brightmark Assets · asset sale · agreement 19 May 2023Sealeda portion payable at closing, balance paid through installments upon acceptance of unitsProposedTenth Report to the Court Submittted by…
Ivys Adsorption Inc.certain work in progress and inventory (the "Purchased Assets") · asset sale · agreement 19 May 2023$2MPrice basis not stated in operative text; $2,000,000 figure relates to the Biostream Charge securing payment of the Purchase Price, not a stated total price.Closed24 Feb 2023Certificate of the Monitor (Ivys Transaction)…
Ivys Adsorption Inc.five (5) BioStream units (the 'Purchased Assets') · asset sale · agreement 3 Aug 2023SealedPurchase Price referenced as instalments including 25% initial payment; amount not stated in this documentApproved24 May 2023Order (I) Recognizing and Enforcing CCAA…
Forum European Smallcaps GMBHshares held in the capital of Tiger · share salenot statedClosedEleventh Report to the Court Submitted by…
IvysBiostream/Brightmark Assets · asset sale · agreement 3 Aug 2023$2M (mixed consideration)total purchase price of $2M, $500K payable at closing including a $100K deposit held by the Monitor in trustNot completedEleventh Report to the Court Submitted by…
acquisition of all issued and outstanding shares of Tiger held by Holding UK; purchaser not namedall of the issued and outstanding shares of Tiger held by Holding UK (the ' Tiger Shares ') · share salenot statedClosed27 Jan 2023Eleventh Report to the Court Submitted by…
Air Productsinventory related to their contract with UEC · asset sale · agreement 22 Apr 2023not statedClosed22 Apr 2023Twelfth Report to the Court submitted by…
Western Midstreamcertain assets of UEC which were excluded from the Energylink Transaction · asset sale · agreement 7 Jul 2023$250K (mixed consideration)CAD 250,000 plus applicable taxes (CAD 273,125 inclusive of taxes) paid, plus assumption of certain contracts and post-filing liabilities in USD 127,565 and USD 142,476Closed19 Jul 2023Twelfth Report to the Court submitted by…
purchaser of the Biostream Assets, unnamedthe Biostream Assets of FormerXBC Systems USA, LLC (formerly Xebec Systems USA, LLC) · asset salenot statedApprovedEighteenth Report to the Court submitted by…
AdvisorsNational Bank Financial Inc. (financial advisor); NBF (financial advisor); SISP Manager (sale agent)Eighth Report to the Court Submitted by Deloitte Restructuring Inc. in…
Closing termsVesting occurs upon issuance of Monitor's Certificate confirming execution of Purchase Agreement, payment of Initial Payment, and satisfaction/waiver of closing conditionsOrder (I) Recognizing and Enforcing CCAA Vesting Order; (II) Approving…
Sealed materialsPurchase Agreement, Exhibit P-3A; Asset Purchase Agreement (Exhibit P-6); Agreement (Exhibit P-7); Purchase Agreement filed as Exhibit P-5; Exhibits P-5 and P-5A; Asset Purchase Agreement / Exhibit P-6A; Asset Purchase Agreement dated March [9], 2023 (Exhibit P-5A); Exhibit P-9A (Purchase Agreement); Exhibit P-5A (Purchase Agreement); Purchase Agreement (Exhibit P-5A); Asset Purchase Agreement / Exhibit P-9A; Binding LOI; Binding Letter of Intent for Purchase of Biostream WIP/InventoryApproval and Vesting Order in Respect of the Assets of Applied…
RecoveriesAs declared or paid

Unsecured creditors: a distribution. BLA short · EDC 1.5 % · BLA not yet estimated.FinalFifteenth Report to the Court submitted by Deloitte Restructuring Inc.… · 22 Nov 2024

ClassCreditorClaimsRecoveryBasisSource
Deemed trustpaid in fullconditionalUnder the planimplementedper the debtorXHU - Package of documents · 13 Nov 2023
SecuredBLAshortfallEstimatedper the monitorApplication of the Monitor for the Approval of a Proposed Allocation… · 16 Jun 2023
SecuredEDC1.5 %Finalper the monitorFourtheenth Report to the Court submitted by Deloitte Restructuring… · 25 Mar 2024
UnsecuredAffected Creditorsa distributionFinalper the monitorFifteenth Report to the Court submitted by Deloitte Restructuring Inc.… · 22 Nov 2024
Unsecuredunsecured claims against BLAno distributionEstimatedper the monitorThirteenth Report to the Court submitted by Deloitte Restructuring Inc.… · 14 Dec 2023
UnsecuredXebec Italy bankruptcy claimBLAnot yet estimatedconditionalper the monitorThirteenth Report to the Court submitted by Deloitte Restructuring Inc.… · 14 Dec 2023
UnsecuredEDC17.5 %Under the planimplementedper the monitorFourtheenth Report to the Court submitted by Deloitte Restructuring… · 25 Mar 2024
Equityno distributionUnder the planimplementedper the debtorXHU - Package of documents · 13 Nov 2023

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.

Estate financialsReported figures — never derived
Total liabilities at filing$282M

As at 31 Aug 2022 · per Based on the Xebec Group's books and records (unaudited) · Petitioners (Canadian and US entities) on a consolidated basis - amounts due to secured and unsecured creditors — Document states: 'the following tables summarize amounts due to secured and unsecured creditors of the Petitioners as of August 31, 2022, which total of $282M on a consolidated basis.' This figure represents creditor claims (secured + unsecured), not a full balance-sheet total-liabilities figure; no total assets figure is provided in the reviewed pages.

Cumulative receipts

$32K

As at 17 Jun 2026Eighteenth Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor dated June 17, 2026

Cumulative disbursements

$178K

As at 17 Jun 2026Eighteenth Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor dated June 17, 2026

Cash on hand

$1.67M

As at 17 Jun 2026Eighteenth Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor dated June 17, 2026

Professional fees to date

$143K

As at 17 Jun 2026Eighteenth Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor dated June 17, 2026

Documents
248 filings
DateDocumentFile
Order Extending the Stay of Proceedings dated June 19, 2026
  • Commencement date 19 June 2026
  • Counsel Osler Hoskin & Harcourt LLP
  • Court SUPERIOR COURT
  • Court file no 500-11-061483-224
  • + 4 more extracted facts
PDF
Eighteenth Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor dated June 17, 2026
  • Cash on hand $1.67M · Note: In thousand CAD - Unaudited; comprised of Blainville $18K, Administrative Reserve $1,494K, Trust $158K, Trust (Euro) $1K · As at: 2026-06-13
  • Disbursements $178K · Note: Total disbursements per Budget-to-Actual Analysis, in thousand CAD · Since: November 23, 2025
  • Operational summary The Petitioners' Canadian entities (ACS and CAI) have completed dissolution, and BLA continues a wind-down of its remaining insolvency proceedings, pursuing recoveries from non-Petitioner entities (Inmatec Germany, Xebec Italy) and outstanding sales tax refunds while maintaining sufficient liquidity via the Administrative Reserve.
  • Professional fees $143K · Note: In thousand CAD - unaudited actual figure from Budget-to-Actual Analysis · Party: Monitor and other professionals · Period: November 23, 2025 to June 13, 2026
  • + 5 more extracted facts
PDF
Application for the Issuance of a Stay Extension dated June 12, 2026PDF
Order Extending the Stay of Proceedings dated December 3, 2025
  • Counsel Osler Hoskin & Harcourt LLP
  • Order date 3 December 2025
  • Presiding officer Justice Michel A. Pinsonnault
  • Stay extended to 23 June 2026
PDF
Seventeenth Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor dated December 1, 2025
  • Purchaser FAD Pennsylvania Inc. · substantially all of the assets of The Titus Company ('TIT') · asset sale · proposed; Total Energy Systems, LLC · substantially all of the assets of XBC Flow Services - Wisconsin Inc. ('XBC') · asset sale · proposed; EnergyLink US Inc. · substantially all the assets of UEC · asset sale · proposed; purchaser of the Biostream Assets, unnamed · the Biostream Assets of FormerXBC Systems USA, LLC (formerly Xebec Systems USA, LLC) · asset sale · approved
  • Sale outcome Liquidation in progress — the SISP and sales of the Xebec Group's Remaining Assets and Other Remaining Assets
PDF
Application for the Issuance of a Stay Extension dated November 28, 2025PDF
Service List
  • Counsel Witten LLP
PDF
Order Extending the Stay of Proceedings dated June 19, 2025
  • Counsel Osler Hoskin & Harcourt LLP
  • Order date 19 June 2025
  • Presiding officer Justice Karen M. Rogers
  • Stay extended to 5 December 2025
PDF
Sixteenth Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor dated June 17, 2025
  • Recovery outcome Entries: per unstated · Stated on: 2025-06-17 · Table missing:
PDF
Application for the Issuance of a Stay Extension dated June 13, 2025PDF
Order Extending the Stay of Proceedings dated November 27, 2024
  • Counsel Osler Hoskin & Harcourt LLP
  • Order date 27 November 2024
  • Presiding officer Justice Christian Immer
  • Stay extended to 20 June 2025
PDF
Fifteenth Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor dated November 22, 2024
  • Recovery outcome Entries: per actual; per unstated · Stated on: 2024-11-22 · Table missing:
PDF
Application for the Issuance of a Stay Extension dated November 21, 2024PDF
Notice of Agenda of Matters scheduled for Hearing on June 18, 2024 dated June 13, 2024PDF
Order Approving Entry of Final Decree Closing Certain Chapter 15 Cases dated June 11, 2024PDF
Declaration of Julien Morissette in Support of Foreign Representative's Final Report and Motion for Order Approving Entry of Final Decree Closing Certain 15 Cases dated May 8, 2024PDF
Foreign Representative's Final Report and Motion for Order Approving Entry of Final Decree Closing Certain 15 Cases dated May 8, 2024PDF
Notice of Foreign Representative's Final Report and Motion for Order Approving Entry of Final Decree Closing Certain 15 Cases dated May 8, 2024PDF
Order Extending the Stay of Proceedings dated March 26, 2024
  • Order date 26 March 2024
  • Presiding officer Justice Christian Immer
  • Stay extended to 30 November 2024
PDF
Fourtheenth Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor dated March 25, 2024
  • Recovery outcome Entries: per actual; per plan; per plan; per plan; per unstated · Stated on: 2024-03-25 · Table missing:
PDF
Application for the Issuance of a Stay Extension in Respect of FormerXBC Inc. (Formely Xebec Adsorption Inc.) dated March 20, 2024PDF
Cert ificate of the Monitor (Plan Implementation Applied Compression Systems Ltd.) dated February 14, 2 024PDF
Cert ificate of the Monitor (Plan Implementation CDA Systems, LLC) dated February 14, 2 024PDF
Cert ificate of the Monitor (Plan Implementation California Compression, LLC) dated February 14, 2 024PDF
Cert ificate of the Monitor (Plan Implementation Enerphase Industrial Solutions, Inc.) dated February 14, 2 024PDF
Cert ificate of the Monitor (Plan Implementation FormerXBC Adsorption USA Inc.) dated February 14, 2 024PDF
Cert ificate of the Monitor (Plan Implementation FormerXBC Flow Services - Wisconsin Inc.) dated February 14, 2 024PDF
Cert ificate of the Monitor (Plan Implementation FormerXBC Holding USA Inc.) dated February 14, 2 024PDF
Cert ificate of the Monitor (Plan Implementation FormerXBC NOR Corporation (Formerly Nortekbelair Corporation)) dated February 14, 2 024PDF
Cert ificate of the Monitor (Plan Implementation FormerXBC Pennsylvania Company (formerly The Titus Company)) dated February 14, 2 024PDF
Cert ificate of the Monitor (Plan Implementation FormerXBC Systems USA, LLC (formerly Xebec Systems USA,LLC)) dated February 14, 2 024PDF
Certificate of the Monitor (Plan Implementation 1224933 Ontario Inc. (Formerly Compressed Air International inc.)) dated February 14, 2024PDF
Order (I) Granting Recognition and Enforcement of Canadian Court's Order Approving Debtors' Plans of Compromise and Adjustment and (II) Granting Related Relief dated January 26, 2024PDF
Reasons for Rendering the Sanction Order dated December 19, 2023
  • Claims bar date 24 July 2023
  • Order date 19 December 2023
  • Presiding officer Justice Christian Immer
PDF
Sanction Order dated December 19, 2023
  • Order date 19 December 2023
  • Presiding officer Justice Christian Immer
PDF
Order Approving a Settlement Agreement (LRNG) dated December 15, 2023
  • Presiding officer Justice Christian Immer
PDF
Order Authorizing the Review of Additional Late Claims dated December 15, 2023
  • Presiding officer Justice Christian Immer
PDF
Order Extending the Stay of Proceedings dated December 15, 2023
  • Order date 15 December 2023
  • Presiding officer Justice Christian Immer
  • Stay extended to 27 March 2024
PDF
Thirteenth Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor dated December 14, 2023
  • Recovery outcome Entries: per unstated; per unstated; per unstated · Stated on: 2023-12-14 · Table missing:
PDF
Application for the Issuance of an Order Approving a Settlement Agrement (LRNG) dated December 12, 2023PDF
Application for the Issuance of an Order Sanctioning Plans of Compromise and Ancillary Relief dated December 8, 2023
  • Recovery outcome Entries: per plan · Table missing:
PDF
ACS - Registration FormPDF
AIR - Registration FormPDF
CAI - Registration FormPDF
CAL - Registration FormPDF
CDA - Registration FormPDF
NOR - Registration FormPDF
TIT - Registration FormPDF
UEC - Registration FormPDF
XBC - Registration FormPDF
XHU - Registration FormPDF
XSU - Registration FormPDF
ACS - Applied Compression Systems Limited
  • Recovery outcome Entries: per unstated; per unstated; per unstated; per unstated; per unstated; per unstated; per unstated; per unstated; per liquidation_alternative · Stated on: 2023-11-13 · Table missing:
PDF
ACS - Package of documents
  • Recovery outcome Entries: per plan; per plan; per plan; per plan; per plan · Table missing: In an effort to summarize the relevant information for the Affected Creditors, the Monitor has prepared the following table which shows the estimated ranges of recovery for the Affected Creditors with Proven Claims of ACS, according to information available as at November 13, 2023:; The Liquidation Analysis is provided in the table below:
PDF
AIR - Enerphase Industrial Solutions Inc.
  • Recovery outcome Entries: per unstated; per unstated; per unstated; per unstated; per unstated; per unstated; per unstated; per unstated; per unstated; per unstated; per unstated; per unstated; per liquidation_alternative; per liquidation_alternative; per liquidation_alternative; per liquidation_alternative · Table missing:
PDF
AIR - Package of documents
  • Recovery outcome Entries: per estimated; per liquidation_alternative; per plan; per plan; per plan; per plan; per plan · Table missing: In an effort to summarize the relevant information for the Affected Creditors, the Monitor has prepared the following table which shows the estimated ranges of recovery for the Affected Creditors with Proven Claims of AIR, according to information available as at November 13, 2023:; The Liquidation Analysis is provided in the table below:
PDF
CAI - 1224933 Ontario Inc. (formerly, Compressed Air International Inc.)
  • Recovery outcome Entries: per unstated; per unstated; per liquidation_alternative · Table missing:
PDF
CAI - Package of documents
  • Recovery outcome Entries: per plan; per plan; per plan; per plan; per plan · Table missing: In an effort to summarize the relevant information for the Affected Creditors, the Monitor has prepared the following table which shows the estimated ranges of recovery for the Affected Creditors with Proven Claims of CAI, according to information available as of November 13, 2023:; The Liquidation Analysis is provided in the table below:
PDF
CAL - California Compression LLC
  • Recovery outcome Entries: per estimated; per estimated; per estimated; per estimated; per estimated; per estimated; per estimated; per estimated · Table missing: The Liquidation Analysis is provided in the table below:
PDF
CAL - Package of documents
  • Recovery outcome Entries: per plan; per plan; per plan; per liquidation_alternative · Table missing: In an effort to summarize the relevant information for the Affected Creditors, the Monitor has prepared the following table which shows the estimated ranges of recovery for the Affected Creditors with Proven Claims of CAL according to information available as of November 13, 2023:; The Liquidation Analysis is provided in the table below:
PDF
CDA - CDA Systems, LLC
  • Recovery outcome Entries: per unstated; per unstated; per unstated; per unstated; per unstated; per unstated; per liquidation_alternative; per liquidation_alternative; per liquidation_alternative; per liquidation_alternative; per plan · Stated on: 2023-11-13 · Table missing:
PDF
CDA - Package of documents
  • Recovery outcome Entries: per plan; per plan; per plan; per plan · Table missing: In an effort to summarize the relevant information for the Affected Creditors, the Monitor has prepared the following table which shows the estimated ranges of recovery for the Affected Creditors with Proven Claims of CDA, according to information available as at November 13, 2023:; The Liquidation Analysis is provided in the table below:
PDF
NOR - FormerXBC NOR Corporation (formely, Nortekbelair Corporation)
  • Recovery outcome Entries: per plan; per plan; per plan; per plan; per plan; per plan; per unstated; per unstated; per unstated · Stated on: 2023-11-14 · Table missing:
PDF
NOR - Package of documents
  • Recovery outcome Entries: per plan; per plan; per liquidation_alternative · Stated on: 2023-11-14 · Table missing: In an effort to summarize the relevant information for the Affected Creditors, the Monitor has prepared the following table which shows the estimated ranges of recovery for the Affected Creditors with Proven Claims of NOR, according to information available as at November 13, 2023:; The Liquidation Analysis is provided in the table below:
PDF
TIT - FormerXBC Pennsylvania Company (formerly, The Titus Company)
  • Recovery outcome Entries: per unstated; per unstated; per unstated; per unstated; per unstated; per unstated; per unstated; per unstated; per liquidation_alternative; per liquidation_alternative; per liquidation_alternative; per liquidation_alternative; per liquidation_alternative; per liquidation_alternative · Table missing:
PDF
TIT - Package of documents
  • Recovery outcome Entries: per plan; per liquidation_alternative; per plan; per plan; per plan; per plan · Table missing: 37. The Liquidation Analysis is provided in the table below:
PDF
UEC - FormerXBC Systems USA, LLC (formerly, Xebec Systems USA LLC)
  • Recovery outcome Entries: per estimated; per plan · Stated on: 2023-11-14 · Table missing: The Liquidation Analysis is provided in the table below:
PDF
UEC - Package of documents
  • Recovery outcome Entries: per plan; per plan; per liquidation_alternative · Table missing: 38. In an effort to summarize the relevant information for the Affected Creditors, the Monitor has prepared the following table which shows the estimated ranges of recovery for the Affected Creditors with Proven Claims of UEC, according to information available as at November 13, 2023:; 42. The Liquidation Analysis is provided in the table below:
PDF
XBC - FormerXBC Flow Services - Wisconsin Inc. (formerly, XBC Flow Services - Wisconsin Inc.)
  • Recovery outcome Entries: per plan; per estimated; per estimated; per estimated; per estimated; per estimated; per estimated; per estimated; per estimated · Stated on: 2023-11-14 · Table missing: 43. The Liquidation Analysis is provided in the table below:
PDF
XBC - Package of documents
  • Recovery outcome Entries: per plan; per plan; per plan · Stated on: 2023-11-14 · Table missing: The Liquidation Analysis is provided in the table below:; In an effort to summarize the relevant information for the Affected Creditors, the Monitor has prepared the following table which shows the estimated ranges of recovery for the Affected Creditors with Proven Claims of XBC, according to information available as of November 13, 2023:
PDF
XHU - FormerXBC Holding USA Inc. (formely, Xebec Holding USA Inc.)
  • Recovery outcome Entries: per unstated; per liquidation_alternative; per plan · Stated on: 2023-11-13 · Table missing:
PDF
XHU - Package of documents
  • Recovery outcome Entries: per plan; per plan; per plan; per plan; per plan; per plan · Stated on: 2023-11-13 · Table missing: In an effort to summarize the relevant information for the Affected Creditors, the Monitor has prepared the following table which shows the estimated ranges of recovery for the Affected Creditors with Proven Claims of XHU, according to information available as at November 13, 2023:; The Liquidation Analysis is provided in the table below:
PDF
XSU - FormerXBC Adsorption USA Inc. (formely, Xebec Adsorption USA Inc.)
  • Recovery outcome Entries: per estimated; per estimated; per liquidation_alternative; per plan · Table missing:
PDF
XSU - Package of documents
  • Recovery outcome Entries: per estimated; per plan; per plan; per plan; per plan; per plan · Table missing: In an effort to summarize the relevant information for the Affected Creditors, the Monitor has prepared the following table which shows the estimated ranges of recovery for the Affected Creditors with Proven Claims of XSU, according to information available as of November 13, 2023:; The Liquidation Analysis is provided in the table below:
PDF
Reasons for Rendering the Calling of Meeting and Other Relief Order on November 1st, 2023 dated November 3, 2023
  • Presiding officer Justice Christian Immer
PDF
Order Authorizing the Review of Certain Late Claims dated November 1st, 2023
  • Presiding officer Justice Christian Immer
PDF
Plan Filing and Meeting Order dated November 1st, 2023
  • Claims bar date 24 July 2023
  • Order date 1 November 2023
PDF
Twelfth Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor dated October 27, 2023
  • Closing confirmed Closed · 11 Oct 2023 · Ivys; Closed · 22 Apr 2023 · Air Products; Closed · 19 Jul 2023 · Western Midstream
  • Purchaser Ivys · the Biostream/Brightmark Assets Transaction · asset sale · $2.09M · closed; Air Products · inventory related to their contract with UEC · asset sale · closed; Western Midstream · specific assets related to the contract between UEC and Western Midstream · asset sale · closed
  • Sale advisor National Bank Financial (financial advisor)
  • Sale outcome Sale closed — Update on realization of certain Other Remaining Assets since the Eleventh Report, including closing of the Biostream/Brightmark Assets Transaction
PDF
ACS - Proxy and Voting Form (Without instructions)PDF
AIR - Proxy and Voting Form (Without instructions)PDF
Application for the Issuance of a Plan Filing and Meeting Order and Ancillary Relief dated October 26, 2023
  • Claims bar date 24 July 2023
  • Order date 31 October 2023
  • Stay extended to 15 December 2023
PDF
CAI - Proxy and Voting Form (Without instructions)PDF
CAL - Proxy and Voting Form (Without instructions)PDF
CDA - Proxy and Voting Form (Without instructions)PDF
NOR - Proxy and Voting Form (Without instructions)PDF
P-3 EDC Plan Support and Settlement AgreementPDF
TIT - Proxy and Voting Form (Without instructions)PDF
UEC - Proxy and Voting Form (Without instructions)PDF
XBC - Proxy and Voting Form (Without instructions)PDF
XHU - Proxy and Voting Form (Without instructions)PDF
XSU - Proxy and Voting Form (Without instructions)PDF
Certificate of the Monitor (Closing of the Biostream Transaction) dated October 11, 2023
  • Closing confirmed Closed · date not stated · Ivys Adsorption Inc.
PDF
Order Extending the Stay of Proceedings, Approving a Settlement Payment and Other Ancillary Relief dated September 29, 2023
  • Order date 29 September 2023
  • Presiding officer Justice Christian Immer
  • Stay extended to 15 December 2023
PDF
Order (I) Recognizing and Enforcing CCAA Vesting Order; (II) Approving the Sale of Certain of the Debtors' Assets Free and Clear of Any and All Liens, Claims, and Encumbrances; and (III) Granting Related Relief dated September 28, 2023
  • Closing terms Vesting occurs upon issuance of Monitor's Certificate confirming execution of Purchase Agreement, payment of Initial Payment, and satisfaction/waiver of closing conditions
  • Order date 24 May 2023
  • Purchaser Ivys Adsorption Inc. · five (5) BioStream units (the 'Purchased Assets') · asset sale · price sealed · approved
  • Sale outcome Sale approved — sale of the Purchased Assets to Buyer approved and recognized/enforced in the US
  • + 1 more extracted fact
PDF
Eleventh Report to the Court Submitted by Deloitte Restructuring Inc. in its Capacity as Monitor dated September 27, 2023
  • Closing confirmed Closed · date not stated · EnergyLink US Inc.; Closed · 19 Jul 2023 · Western Midstream; Closed · 27 Jan 2023 · Xebec UK
  • Purchaser EnergyLink US Inc. · substantially all the assets of UEC · asset sale · closed; Western Midstream · certain assets of UEC which were excluded from the Energylink Transaction · asset sale · $250K · closed; Ivys · Biostream/Brightmark Assets · asset sale · $2M · not completed; Forum European Smallcaps GMBH · shares held in the capital of Tiger · share sale · closed
  • Recovery outcome Entries: per estimated; per estimated · Stated on: 2023-09-27 · Table missing:
PDF
Application for the Issuance of a Stay Extension and Settlement Payement Approval Order dated September 25, 2023
  • Claims bar date 24 July 2023
  • Order date 29 September 2023
  • Stay extended to 15 December 2023
PDF
Declaration of Dimitrios "Jim" Vounassis in Support of Foreign Representative's Motion for Order (I) Recognizing and Enforcing CCAA Vesting Order (II) Approving the Sale of Certain of the debtors' Assets Free and Clear of All Liens, Claims, and Encumbrances; and (III) Granting Related Relief dated September 8, 2023PDF
Declaration of Jean-François Nadon, CPA, CIRP, LIT, on Behalf of Deloitte Restructuring Inc., in its Capacity as Court-Appointed Monitor in the Canadian Proceeding, in Support of Foreign Representative's Motion for Order (I) Recognizing and Enforcing CCAA Vesting Order; (II) Approving the Sale of Certain of the Debtors' Assets Free and Clear of All Liens, Claims, and Encumbrances; and (III) Granting Related Relief dated September 8, 2023PDF
Declaration of Julien Morissette, in Support of Foreign Representative's Motion for Order (I) Recognizing and Enforcing CCAA Vesting Order; (II) Approving the Sale of Certain of the Debtors' Assets Free and Clear of Any and All Liens, Claims, and Encumbrances; and (III) Granting Related Relief dated September 8, 2023PDF
Motion for Order (I) Recognizing and Enforcing CCAA Vesting Order; (II) Approving the Sale of Certain of the Debtors' Assets Free and Clear of Any and All Liens, Claims, and Encumbrances; and (III) Granting Related Relied dated September 8, 2023PDF
Notice of Motion for Order (I) Recognizing and Enforcing CCAA Vesting Order; (II) Approving the Sale of Certain of the Debtors' Assets Free and Clear of Any and All Liens, Claims, and Encumbrances; and (III) Granting Related Relief dated September 8, 2023PDF
Order (I) Recognizing and Enforcing CCAA Order Approving Allocation Method; and (II) Granting Related Relief dated July 14, 2023PDF
Declaration of Jean-François Nadon, CPA, CIRP, LIT, on behalf of Deloitte Restructuring inc. in its Capacity as Court-Appointed Monitor in the Canadian Proceeding, in support of Foreign Representative's Motion for Entry of an Order (I) Recognizing and Enforcing CCAA Order Approving Allocation Method; and (II) Granting Related Relief dated July 5, 2023PDF
Declaration of Sandra Abitan, as Canadian Counsel to the Debtors, in support of Foreign Representative's Motion for Entry of an Order (I) Recognizing and Enforcing CCAA Order Approving Allocation Method; and (II) Granting Related Relief dated July 5, 2023PDF
Foreign Representative's Motion for Entry of an Order (I) Recognizing and Enforcing CCAA Order Approving Allocation Method; and (II) Granting Related Relief dated July 5, 2023PDF
Newspaper NoticePDF
Shareholders Class Action - Short Form NoticePDF
Order to Approve a Proposed Allocation Plan dated June 29, 2023PDF
Exhibit M-5 and M-6 of the Application of the Monitor for the Approval of a Proposed Allocation Method dated June 27, 2023
  • Recovery outcome Entries: per estimated · Table missing:
PDF
List of additional Exhibits dated June 26, 2023PDF
Mailing List
  • Counsel Lage Landen Financial Services Deloitte LLP
PDF
Meeting Minutes / Information Session - Proposed Allocation Mehod dated June 20, 2023
  • Recovery outcome Entries: per estimated · Table missing:
PDF
Application of the Monitor for the Approval of a Proposed Allocation Method dated June 16, 2023
  • Recovery outcome Entries: per estimated; per estimated · Table missing:
PDF
Proposed Allocation Method Report, including the Intercompany Transactions ReportPDF
Notice of an Information Session in Respect of the proposed Allocation Method Report dated June 14, 2023PDF
Certificate of the Monitor (Cancellation and Discharge of the KERP Charge) dated June 9, 2023PDF
Order (I) Recognizing and Enforcing the Claims Procedure Order; and (II) Granting Related Relief dated June 6, 2023
  • Claims bar date 24 July 2023
  • Order date 24 May 2023
  • Presiding officer Justice Christian Immer
PDF
Approval and Vesting Order in Respect of Biostream Assets of FormerXBC Systems USA, LLC (Formely Xebec Systems USA, LLC) dated May 24, 2023
  • Closing terms Vesting occurs upon issuance of a Monitor's Certificate confirming satisfaction of closing conditions; a Biostream Charge secures payment of the balance of the Purchase Price in instalments, discharged unit-by-unit.
  • Order date 24 May 2023
  • Purchaser Ivys Adsorption Inc. · certain work in progress and inventory (the "Purchased Assets") · asset sale · $2M · approved
  • Sale outcome Sale approved — Transaction approved by the Court
  • + 1 more extracted fact
PDF
Claims Procedure Order dated May 24, 2023
  • Claims bar date 24 July 2023
  • Order date 24 May 2023
  • Presiding officer Justice Christian Immer
PDF
Foreign Representative's Motion for Entry of an Order (I) Recognizing and Enforcing Claims Procedure Order; and (II) Granting Related Relief dated May 24, 2023PDF
Instruction Letter for the Claims Procedure
  • Claims bar date 24 July 2023
PDF
Order Authorizing the use of Net Proceeds to Fund Cash-Flow Requirements dated May 24, 2023
  • Presiding officer Justice Christian Immer
PDF
Order Extending the Stay of Proceedings dated May 24, 2023
  • Order date 24 May 2023
  • Presiding officer Justice Christian Immer
  • Stay extended to 29 September 2023
PDF
Proof of ClaimPDF
Reasons for Issuing on May 24, 2023, dated May 26, 2023
  • Presiding officer Justice Christian Immer
PDF
Application for (I) an Extension of the Stay of Proceedings, (II) the Establishment of a Claims Process, (III) the Authorization to use Net Proceeds to Fund Cash-Flow Requirements and (IV) the Issuance of an Approval and Vesting Order in Respect of Biostream Assets of FormerXBC Systems USA, LLC (Formely Xebec Systems USA, LLC) dated May 19, 2023
  • Claims bar date 24 July 2023
  • Order date 24 May 2023
  • Stay extended to 29 September 2023
PDF
Tenth Report to the Court Submittted by Deloitte Restructuring Inc. in its Capacity as Monitor dated May 19, 2023
  • Closing confirmed Closed · 22 Apr 2023 · Air Products
  • Purchaser Ivys · the Biostream/Brightmark Assets · asset sale · price sealed · proposed; EnergyLink US Inc. · substantially all the assets of UEC · asset sale · approved; FAD Pennsylvania Inc. · substantially all of the assets of The Titus Company · asset sale · approved; Total Energy Systems, LLC · substantially all of the assets of XBC Flow Services - Wisconsin Inc. · asset sale · approved; Air Products · inventory related to their contract with UEC · asset sale · closed
  • Sale outcome Approval pending — SISP and Remaining Assets Solicitation Process completed, with Biostream/Brightmark transaction pending approval
PDF
Certificate of the Monitor (Cancellation and Discharge of the Third DIP Charge) dated May 8, 2023PDF
Order Authorizing the Monitor to Pay Amounts Owed Under the Third DIP Facility and Secured by the Third DIP Charge dated May 5, 2023
  • Presiding officer Justice Christian Immer
PDF
Order Extending the Stay of Proceedings dated May 5, 2023
  • Order date 5 May 2023
  • Presiding officer Justice Christian Immer
  • Stay extended to 24 May 2023
PDF
Order Partially Lifting the Stay Proceedings (Class Action Settlement) dated May 5, 2023
  • Order date 5 May 2023
  • Presiding officer Justice Christian Immer
PDF
Certificate of the Monitor (Fourth Reduction of the Administration Charge) dated May 3, 2023PDF
Ninth Report to the Court Submitted by Deloitte Restructuring Inc. in its Capacity as Monitor dated May 3, 2023
  • Closing confirmed Closed · 5 Apr 2023 · EnergyLink US Inc.
  • Purchaser EnergyLink US Inc. · substantially all the assets of UEC · asset sale · closed; auctioneer purchaser of the AIR Fleet vehicles, unnamed · the AIR Fleet · auction · $80K USD · approved
  • Sale advisor National Bank Financial (financial advisor)
  • Sale outcome Sale closed — Since the Eighth Report, one (1) additional transaction has closed as a result of the Remaining Assets Solicitation Process, namely the EnergyLink Transaction in respect of UEC.
PDF
Application for a De Bene Esse Authorization to Execute a Settlement Agreement and for a Partial Lift to the Stay of Proceedings dated April 28, 2023PDF
Application for an Extension of the Stay of Proceedings dated April 28, 2023PDF
Application of the Monitor for Authorization to Make Payments in Connection with the Third DIP Facility and the Third DIP Charge dated April 28, 2023PDF
Order Approving Stipulation by and Between the Foreign Representative and Keybank National Association Granting Relief from the Automatic Stay to Terminate of Certain Service Agreement and Schedules dated April 26, 2023
  • Counsel Duane Morris LLP
  • Order date 26 April 2023
PDF
Certificate of the Monitor (Second Reduction of the KERP Charge) dated April 13, 2023PDF
Certificate of the Monitor (Third Reduction of the Administration Charge) dated April 13, 2023PDF
Order Granting Air Products & Chemicals, Inc.'s Request to Modify the Automatic Stay dated April 6, 2023
  • Order date 6 April 2023
PDF
Certificate of the Monitor (EnergyLink Transaction) dated April 5, 2023PDF
Order (I) Recognizing and Enforcing Fifth Amended and Restated CCAA Order; and (II) Authorizing Third DIP Financing dated April 4, 2023
  • Presiding officer Justice Christian Immer
PDF
Order (I) Recognizing and Enforcing the CCAA Vesting Order; (II) Approving the Sale of Certain of Debtor Systems USA LLC's Assets Free and Clear of any and all Liens, Claims, and Encumbrances; (III) Approving the Assumption and Assignment of Certain Contracts; and (IV) Granting Related Relief dated March 31, 2023
  • Closing terms Vesting occurs upon issuance of the Monitor's Certificate confirming execution of the Purchase Agreement, payment of the Purchase Price, and satisfaction/waiver of closing conditions.
  • Order date 31 March 2023
  • Purchaser EnergyLink U.S. Inc. · Debtor Xebec Systems USA LLC's rights, title, and interests in and to the Purchased Assets · asset sale · price sealed · approved
  • Sale advisor NBF (financial advisor)
  • + 2 more extracted facts
PDF
Order (I) Recognizing and Enforcing the CCAA Vesting Order; (II) Approving the Sale of Certain of Debtor The Titus Company's Assets Free and Clear of any and all Liens, Claims, and Encumbrances; (III) Approving the Assumption and Assignment of Certain Contracts; and (IV) Granting Related Relief dated March 31, 2023
  • Closing terms Transaction to close immediately following the CCAA Court's issuance of the CCAA Vesting Order with the Monitor holding Purchase Price in trust pending entry of the Recognition Order
  • Order date 31 March 2023
  • Purchaser FAD Pennsylvania, Inc. · Debtor The Titus Company's rights, title, and interests in and to the Purchased Assets · asset sale · price sealed · approved
  • Sale outcome Sale approved — Approval and recognition of sale of Titus Company assets to FAD Pennsylvania Inc.
  • + 1 more extracted fact
PDF
Order (I) Recognizing and Enforcing the CCAA Vesting Order; (II) Approving the Sale of Certain of Debtor XBC Flow Services - Wisconsin Inc.'s Assets Free and Clear of any and all Liens, Claims, and Encumbrances; (III) Approving the Assumption and Assignment of Certain Contracts; and (IV) Granting Related Relief dated March 31, 2023
  • Closing terms Vesting occurs upon issuance of the Monitor's Certificate confirming payment of the Purchase Price and satisfaction of closing conditions.
  • Order date 16 March 2023
  • Purchaser FAD Pennsylvania Inc. · the Purchased Assets · asset sale · price sealed · approved
  • Sale outcome Sale approved — Sale approved by CCAA Court and recognized/enforced by US Bankruptcy Court
  • + 1 more extracted fact
PDF
Order Amending Case Caption dated March 31, 2023PDF
Amended List of Exhibits dated March 27, 2023
  • Presiding officer Justice Christian Immer
PDF
Fifth Amended and Restated Initial Order dated March 27, 2023
  • Order date 27 March 2023
  • Stay expiry 5 May 2023
PDF
Certificate of the Monitor (Reduction of the KERP Charge) dated March 24, 2023PDF
Certificate of the Monitor (Total Energy Transaction (XBC)) dated March 24, 2023
  • Closing confirmed Closed · 23 Mar 2023 · Total Energy Systems, LLC
PDF
Eighth Report to the Court Submitted by Deloitte Restructuring Inc. in its Capacity as Monitor dated March 24, 2023
  • Closing confirmed Closed · 20 Mar 2023 · FAD Pennsylvania Inc.; Closed · 23 Mar 2023 · Total Energy Systems, LLC
  • Purchaser FAD Pennsylvania Inc. · the sale of substantially all assets of TIT · asset sale · closed; EnergyLink US Inc. · the proposed sale of substantially all the assets of UEC · asset sale · not completed
  • Sale advisor SISP Manager (sale agent)
  • Sale outcome Liquidation in progress — Since the Seventh Report, two additional transactions have closed and a third is expected to close imminently
PDF
Order Approving Motion to Shorten Notice with Respect to Foreign Representative's Motion for Entry of Order (I) Recognizing and Enforcing Fifth and Restated CCAA Order; and (II) Auhorizing Third DIP Financing dated March 24, 2023PDF
Certificate of the Monitor (Cancellation and Discharge of the DIP Charge) dated March 23, 2023PDF
Certificate of the Monitor (Cancellation and Discharge of the Second DIP Charge) dated March 23, 2023PDF
Certificate of the Monitor (Cancellation and Discharge of the Transaction Charge) dated March 23, 2023PDF
Declaration of Dimitrios "JIM" Vounassis in Support of Foreign Representative's Motion for Entry of Order (I) Recognizing and Enforcing Fifth Amended and Restated CCAA Order; and (II) Authorizing Third DIP Financing dated March 23, 2023PDF
Declaration of Julien Morissette, as Canadian Counsel to the Debtors, in Support of Foreign Representative's Motion for Entry of Order (I) Recognizing and Enforcing Fifth Amended and Restated CCAA Order; and (II) Authorizing Third DIP Financing dated March 23, 2023PDF
Foreign Representative's Motion for Entry of Order (I) Recognizing and Enforcing Fifth Amended and Restated CCAA Order; and (II) Authorizing Third DIP Financing dated March 23, 2023PDF
Motion to Shorten Notice with Respect to Foreign Representative's Motion for Entry of Order (I) Recognizing and Enforcing Fifth Amended and Restated CCAA Order; and (II) Authorizing Third DIP Financing dated March 23, 2023PDF
Application for the Issuance of a Fifth Amended and Restated Initial Order (Interim Financing) dated March 22, 2023
  • Order date 27 March 2023
  • Stay expiry 5 May 2023
PDF
Motion of the Foreign Representative to Amend the Case Caption dated March 22, 2023PDF
Certificate of the Monitor (Fluid-Air Transaction) dated March 21, 2023
  • Closing confirmed Closed · 20 Mar 2023 · FAD Pennsylvania Inc.
PDF
Certificate of the Monitor (Second Reduction of the Administration Charge) dated March 17, 2023PDF
Approval, Vesting and Assigment Order in Respect of the Assets of XBC Flow Services - Wisconsin Inc. dated March 16, 2023
  • Closing terms Vesting occurs upon issuance of the Monitor's Certificate, following execution and delivery of the Purchase Agreement, payment of the Purchase Price, and satisfaction/waiver of closing conditions.
  • Order date 16 March 2023
  • Purchaser Total Energy Systems, LLC · the Purchased Assets · asset sale · price sealed · approved
  • Sale outcome Sale approved — no bids were received during the SISP bidding process for the assets of XBC Flow Services - Wisconsin Inc., and further discussions generated an offer from Total Energy Systems LLC that was approved as the most advantageous for all stakeholders
  • + 1 more extracted fact
PDF
Approval, Vesting and Assigment Order in Respect of the Assets of Xebec Systems, USA LLC dated March 16, 2023
  • Closing terms Monitor's Certificate issued upon execution of Purchase Agreement, payment of Purchase Price, and satisfaction/waiver of closing conditions
  • Order date 16 March 2023
  • Purchaser Energylink U.S. Inc. · the Purchased Assets · asset sale · price sealed · approved
  • Sale outcome Sale approved — no bids were received during the SISP bidding process; the offer from Energylink U.S. Inc. is the most advantageous
  • + 1 more extracted fact
PDF
Approval, Vesting and Assigment Order in Respect of the Assets of the Titus Company dated March 16, 2023
  • Closing terms Vesting occurs upon issuance of the Monitor's Certificate, conditioned on execution/delivery of the Purchase Agreement, payment of the Purchase Price, and satisfaction or waiver of closing conditions.
  • Order date 16 March 2023
  • Purchaser FAD Pennsylvania Inc. · the Purchased Assets · asset sale · price sealed · approved
  • Sale outcome Sale approved — The Transaction with FAD Pennsylvania Inc. for the assets of The Titus Company is approved after no bids were received in the SISP process
  • + 1 more extracted fact
PDF
Fourth Amended and Restated Initial Order dated March 16, 2023
  • Order date 16 March 2023
  • Stay expiry 5 May 2023
PDF
Order Authorizing the Monitor to Pay Certain Amounts Owed to Beneficiairies of CCAA Charges dated March 16, 2023
  • Presiding officer Justice Christian Immer
PDF
Order Directing Payment in Trust to the Court Appointed Monitor dated March 16, 2023
  • Presiding officer Justice Christian Immer
PDF
Wage Earner Protection Program Act Order dated March 16, 2023
  • Counsel Osler Hoskin & Harcourt LLP
  • Presiding officer Justice Christian Immer
PDF
Amended Application for the Issuance of a Fourth Amended and Restated Initial Order, Approval and Vesting Orders, a Wage Earner Protection Program Act Order and Ancillary Relief dated March 15, 2023
  • Bid deadline 6 January 2023
  • Phase1 deadline 18 November 2023
  • Stay extended to 5 May 2023
PDF
Declaration of Dimitrios "Jim" Vounassis in Support of Foreign Representative's Motions : (I) Seeking Recognition and Enforcement of CCAA Vesting Orders; (II) Approving the Sales of Certain of the Debtors' assets Free and Clear of All Liens, Claims, and Encubrances; (III) Approving the Assumption and Assignment of Certain Contracts, and (IV) Granting Related Relief dated March 15, 2023PDF
Declaration of Julien Morissette, as Canadian Counsel to the Debtors, in Support of Foreign Representative's Motions : (I) Seeking Recognition and Enforcement of CCAA Vesting Orders; (II) Approving the Sales of Certain of the Debtors' assets Free and Clear of All Liens, Claims, and Encubrances; (III) Approving the Assumption and Assignment of Certain Contracts, and (IV) Granting Related Relief dated March 15, 2023PDF
Motion for Order (I) Recognizing and Enforcing CCAA Vesting Order; (II) Approving the Sale of Certain of Debtor XBC Flow Services-Wisconsin Inc.'s Assets Free and Clear of Any and All Liens, Claims, and Encubrances; (III) Approving Assumption and Assignment of Certain Contrats; and (IV) Granting Related Relief dated March 15, 2023PDF
Motion for Order (I) Recognizing and Enforcing CCAA Vesting Order; (II) Approving the Sale of Certain of Debtor Xebec Systems USA LLC's Assets Free and Clear of Any and All Liens, Claims, and Encumbrances; (III) Approving Assumption and Assignment of Certain Contracts; and (IV) Granting Related Relief dated March 15, 2023PDF
Motion for Order (I) Recognizing and Enforcing CCAA Vesting Order; (II) Approving the Sale of Certain of Debtor the Titus Company's Assets Free and Clear of Any and All Liens, Claims, and Encubrances; (III) Approving Assumption and Assignment of Certain Contrats; and (IV) Granting Related Relief dated March 15, 2023PDF
Notice of Assumption and Assignment and Cure Amounts with Respect to Executory Contracts and Unexpired Lease of the Debtors dated March 15, 2023PDF
Notice of Assumption and Assignment and Cure Amounts with Respect to Executory Contracts and Unexpired Leases of the Debtors dated March 15, 2023PDF
Notice of Motion for Order (I) Recognizing and Enforcing CCAA Vesting Order; (II) Approving the Sale of Certain of Debtor XBC Flow Services-Wisconsin Inc.'s Assets Free and Clear of Any and All Liens, Claims, and Encubrances; (III) Approving Assumption and Assignment of Certain Contrats; and (IV) Granting Related Relief dated March 15, 2023PDF
Notice of Motion for Order (I) Recognizing and Enforcing CCAA Vesting Order; (II) Approving the Sale of Certain of Debtor Xebec Systems USA LLC's Assets Free and Clear of Any and All Liens, Claims, and Encumbrances; (III) Approving Assumption and Assignment of Certain Contracts; and (IV) Granting Related Relief dated March 15, 2023PDF
Notice of Motion for Order (I) Recognizing and Enforcing CCAA Vesting Order; (II) Approving the Sale of Certain of Debtor the Titus Company's Assets Free and Clear of Any and All Liens, Claims, and Encubrances; (III) Approving Assumption and Assignment of Certain Contrats; and (IV) Granting Related Relief dated March 15, 2023PDF
Seventh Report to the Court Submitted by Deloitte Restructuring Inc. in its Capacity as Monitor dated March 15, 2023
  • Closing confirmed Closed · date not stated
  • Process results 5 qualified bids · 10 bids · as of 27 Feb 2023
  • Purchaser FAD Pennsylvania Inc. · substantially all of the assets of The Titus Company · asset sale · proposed; Total Energy Systems, LLC · substantially all of the assets of XBC Flow Services - Wisconsin Inc. · asset sale · proposed; EnergyLink US Inc. · substantially all the assets of UEC · asset sale · proposed; Curtis · certain of the assets of AIR (the 'Curtis Purchased Assets') · asset sale · proposed; Sullair · substantially all of the assets of CDA Systems, LLC and California Compression, LLC · asset sale · closed
  • Sale advisor NBF (financial advisor)
  • + 1 more extracted fact
PDF
Urgent Application for the Issuance of an Order Directing Payment In Trust to the Court-Appointed Monitor (London RNG) dated March 14, 2023PDF
Application for the Issuance of a Fourth Amended and Restated Initial Order, Approval and Vesting Orders, a Wage Earner Protection Program Act Order and Ancillary Relief dated March 11, 2023
  • Order date 16 March 2023
  • Stay extended to 5 May 2023
PDF
Application of the Monitor for Authorization to Make Payments in Connection with the CCAA Charges and Related Relief dated March 10, 2023PDF
Certificate of the Monitor (Ivys Transaction) dated February 27, 2023
  • Closing confirmed Closed · 24 Feb 2023 · Ivys, Inc. and Ivys Adsorption Inc.
PDF
Certificate of the Monitor (First Reduction of the Administration Charge) dated February 21, 2023PDF
Certificate of the Monitor (Sullair Transaction) dated February 21, 2023
  • Closing confirmed Closed · date not stated · Sullair, LLC
PDF
Approval, Vesting and Assignment Order in Respect of the Assets of Xebec Adsorption Inc. and Compressed Air International Inc. dated February 17, 2023
  • Closing terms Vesting occurs upon issuance of the Monitor's Closing Certificate, confirming execution and delivery of the Purchase Agreement, payment of the Purchase Price, and satisfaction/waiver of closing conditions.
  • Order date 17 February 2023
  • Purchaser Ivys, Inc. · nominee/assignee a corporation to be incorporated (the "Equity Buyer") · the Purchased Assets · asset sale · price sealed · approved
  • Sale outcome Sale approved — Transaction approved, vesting to occur upon issuance of Monitor's Closing Certificate
  • + 1 more extracted fact
PDF
Rectification of the Jugdment Rendered on February 17, 2023 dated February 17, 2023
  • Presiding officer Justice Christian Immer
PDF
Order (I) Recognizing and Enforcing Third Amended and Restated CCAA Order; and (II) Authorizing Junior DIP Financing dated February 16, 2023
  • Presiding officer Justice Christian Immer
PDF
Order (I) Recognizing and Enforcing the CCAA Vesting Order; (II) Approving the Sale of Certain of the Debtors' Assets Free and Clear of Any and All Liens, Claims, and Encumbrances; (III) Approving the Assumption and Assignment of Certain Contracts; and (IV) Granting Related Relief dated February 16, 2023
  • Closing terms Vesting occurs upon filing of the Monitor's Certificate confirming payment of Purchase Price and satisfaction of closing conditions.
  • Order date 13 February 2023
  • Purchaser Sullair, LLC · Purchased Assets · asset sale · price sealed · approved
  • Sale advisor NBF (financial advisor)
  • + 2 more extracted facts
PDF
Certificate of the Monitor (FSTQ & GNR Transaction) dated February 15, 2023
  • Closing confirmed Closed · 15 Feb 2023 · Fonds de solidarité des travailleurs du Quebec (F.T.Q.) and GNR Quebec Capital L.P.
PDF
Approval and Vesting Order in Respect of GNR LP dated February 13, 2023
  • Closing terms Vesting upon issuance of Monitor's Certificate confirming execution/delivery of Agreement, payment of Purchase Price, and satisfaction/waiver of closing conditions
  • Order date 13 February 2023
  • Purchaser Fonds de solidarité des travailleurs du Québec (F.T.Q.) and GNR Quebec Capital L.P. · the Purchased Interest · share sale · price sealed · approved
  • Sale outcome Sale approved — Transaction approved by court order, vesting to occur upon Monitor's Certificate
  • + 1 more extracted fact
PDF
Approval, Vesting and Assignment Order in Respect of the Assets of CDA Systems, LLC and California Compression LLC dated February 13, 2023
  • Closing terms Vesting occurs upon issuance of a Monitor's Certificate confirming execution of the Purchase Agreement, payment of the Purchase Price, and satisfaction/waiver of closing conditions.
  • Order date 13 February 2023
  • Purchaser Sullair, LLC · the Purchased Assets · asset sale · price sealed · approved
  • Sealed items Asset Purchase Agreement (Exhibit P-6)
PDF
Order Approving Motion to Shorten Notice With Respect to Foreign Representative's Motion for Entry of Order (I) Recognizing and Enforcing Third Amended and Restated CCAA Order; and (II) Authorizing Junior DIP Financing dated February 13, 2023PDF
Third Amended and Restated Initial Order dated February 13, 2023
  • Order date 13 February 2023
  • Stay expiry 17 March 2023
PDF
Declaration of Dimitrios "JIM" Vounassis in Support of Foreign Representative's Motion for Entry of Order (I) Recognizing and Enforcing Third Amended and Restated CCAA Order; and (II) Authorizing Junior DIP Financing dated February 10, 2023PDF
Declaration of Sandra Abitan, as Canadian Counsel to the Debtors, in Support of Foreign Representative's Motion for Entry of Order (I) Recognizing and Enforcing Third Amended and Restated CCAA Order; and (II) Authorizing Junior DIP Financing dated February 10, 2023PDF
Foreign Representative's Motion for Entry of Order (I) Recognizing and Enforcing Third Amended and Restated CCAA Order; and (II) Authorizing Junior DIP Financing dated February 10, 2023PDF
Notice of Motion for Order (I) Recognizing and Enforcing CCAA Vesting Order; (II) Approving the Sale of Certain of the Debtors' Assets Free and Clear of Liens, Claims, and Encumbrance; (III) Approving Assumption and Assignment of Certain Contracts; and (IV) Granting Related Relief dated February 10, 2023PDF
Sixth Report to the Court Submitted by Deloitte Restructuring Inc. in its Capacity as Monitor dated February 10, 2023
  • Closing confirmed Closed · 7 Feb 2023; Closed · 6 Feb 2023; Closed · 27 Jan 2023
  • Purchaser Purchaser of ACS assets not named in this report · the sale of substantially all assets of ACS · asset sale · closed; purchaser of Green Vision Holding B.V. shares (HyGear) not named in this report · the sale of its shares in Green Vision Holding B.V. · share sale · closed; Sullair · substantially all of the assets of CDA Systems, LLC (' CDA ') and California Compression, LLC (' CAL ') · asset sale · proposed; Ivys · substantially all the assets of Xebec Inc. and CAI · asset sale · price sealed · proposed; FSTQ · substantially all of the assets of GNR · share sale · price sealed · proposed
  • Sale advisor NBF (financial advisor)
PDF
Application for the Issuance of a Third Amended and Restated Initial Order and Approval and Vesting Orders dated February 8, 2023
  • Bid deadline 6 January 2023
  • Order date 8 February 2023
  • Stay extended to 17 March 2023
PDF
Certificate of the Monitor (ACS Transaction) dated February 7, 2023
  • Closing confirmed Closed · date not stated · 1396905 B.C. Ltd
PDF
Approval and Vesting Order in Respect of the Assets of Applied Compression Systems Ltd. dated February 3, 2023
  • Closing terms Vesting occurs upon issuance of the Monitor's Certificate, which requires execution and delivery of the Purchase Agreement, payment of the Purchase Price, and satisfaction/waiver of all closing conditions.
  • Order date 3 February 2023
  • Purchaser 1396905 B.C. Ltd · Purchased Assets · asset sale · price sealed · approved
  • Sale outcome Sale approved — The Transaction is hereby approved
  • + 1 more extracted fact
PDF
Second Amended and Restated Initial Order dated February 3, 2023
  • Order date 3 February 2023
  • Stay expiry 13 February 2023
PDF
Amended Application for the Issuance of a Second Amended and Restated Initial Order and an Approval Vesting Order dated February 1, 2023
  • Order date 3 February 2023
  • Stay extended to 13 February 2023
PDF
Fifth Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor dated February 1, 2023
  • Closing confirmed Closed · 27 Jan 2023
  • Purchaser acquisition of all issued and outstanding shares of Tiger held by Holding UK; purchaser not named · all of the issued and outstanding shares of Tiger held by Holding UK (the ' Tiger Shares ') · share sale · closed; current general manager and former owner of ACS, on behalf of an entity it controls (related party) · the Purchased Assets (which namely excludes the cash of ACS and any intercompany receivables owing to ACS from any affiliates, including the other Petitioners) · asset sale · price sealed · approved
  • Sale advisor NBF (financial advisor)
  • Sale outcome Sale approved — SISP phase 2 concluded, two transactions (Tiger and ACS) proceeding; other entities without successful bids
PDF
Application for the Issuance of a Second Amended and Restated Initial Order and an Approval and Vesting Order dated January 28, 2023
  • Order date 3 February 2023
  • Stay extended to 17 March 2023
PDF
Order Granting Motion of RCG USA for Relief from the Stay Authorized Pursuant to Section 1520 of the Bankruptcy Code to Commence Mechanic's Lien Foreclosure Actions Against Non-Debtor Property Owners dated January 10, 2023
  • Order date 10 January 2023
PDF
Order (A) Approving Noticing Procedures for Debtors' Motion for (I) Approval of the Sale of Debtors' Assets; and (II) Recognition and Enforcement of Canadian Court Order Approving the Sale; (B) Setting a Sale Hearing; and (C) Granting Related Relief dated January 9, 2023PDF
Notice of Motion for Entry of an Order (A) Approving Procedures for Debtors' Motion for (I) Approval of the Sale of Debtors' Assets; and (II) Recognition and Enforcement of Canadian Court Order Approving the Sale; (B) Setting a Sale Hearing; and (C) Granting Related Relief dated December 21, 2022PDF
Declaration of Sandra Abitan, as Canadian Counsel to the Debtors, in support of Motion for Entry of an Order (A) Approving Noticing Procedures for Debtors' Motion for (I) Approval of the Sale of Debtors' Assets; and (II) Recognition and Enforcement of Canadian Court Order Approving the Sale; (B) Setting a Sale Hearing; and (C) Granting Related Relief dated December 20, 2022PDF
Reasons for Extending the Stay Period and Judgment on the Urgent Ex Parte Application for Investigation dated November 29, 2022
  • Presiding officer Justice Christian Immer
PDF
Order Extending the Stay of Proceedings and Granting Ancillary Relief dated November 28, 2022
  • Order date 28 November 2022
  • Presiding officer Justice Christian Immer
  • Stay extended to 3 February 2023
PDF
Fourth Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor dated November 24, 2022PDF
Urgent Ex Parte Application for Investigation dated November 23, 2022PDF
Application for an Extension of the Stay of Proceeding and for Ancillary Relief dated November 22, 2022PDF
Order Granting Final Relief Recognizing and Enforcing DIP Financing Authorized Under Amended and Restated CCAA Order dated November 22, 2022PDF
Order Granting Interim Relief Recognizing and Enforcing DIP Financing Authorized Under Amended and Restated CCAA Order dated November 2, 2022PDF
Order Granting Recognition of Foreign Main Proceeding and Certain Related Relief dated October 27, 2022PDF
Declaration of Dimitrios "Jim" Vounassis in Support of Foreign Representative's Motion for Interim and Final Relief Recognizing and Enforcing DIP Financing Autorized Under Amended and Restated CCAA Order dated October 26, 2022PDF
Foreign Representative's Motion for Interim and Final Relief Recognizing and Enforcing DIP Financing Authorized Under Amended and Restated CCAA Order dated October 26, 2022PDF
Reasons for issuing the Amended Restated Initial Order dated October 24, 2022
  • Order date 24 October 2022
  • Presiding officer Justice Christian Immer
  • Stay extended to 28 November 2022
PDF
Amended and Restated Initial Order dated October 20, 2022
  • Order date 20 October 2022
  • Stay expiry 28 November 2022
PDF
Reasons for Issuing the Amended Restated Initial Order Dated October 20, 2022 dated February 17, 2023
  • Applicant XEBEC ADSORPTION INC.
  • Appointee DELOITTE RESTRUCTURING INC.
  • Appointee role Monitor
  • Commencement date 29 September 2022
  • + 7 more extracted facts
PDF
Third Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor dated October 19, 2022PDF
Application for an Extension of the Stay of Proceeding to Certain Third Parties dated October 18 2022PDF
Application for the Issuance of an Amended and Restated Initial Order dated October 18, 2022
  • Order date 20 October 2022
  • Stay extended to 28 November 2022
PDF
Notice of Sale and Investment Sollicitation Process Xebec Adsorption Inc. & AL. dated October 13, 2022PDF
Order Extending the Stay of Proceedings dated October 7, 2022
  • Counsel Osler Hoskin & Harcourt LLP
  • Order date 7 October 2022
  • Presiding officer Justice Geoffrey B. Morawetz
  • Stay extended to 20 October 2022
PDF
Second Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor dated October 6, 2022
  • Process results 199 solicited · as of 4 Oct 2022
  • Sale advisor National Bank Financial Inc. (financial advisor)
  • Sale outcome Liquidation in progress — SISP underway with solicitation letters sent to potential bidders
PDF
Application for an Extension of the Stay of Proceedings dated October 4, 2022PDF
List of Creditors dated October 3, 2022PDF
Notice to Creditors dated October 3, 2022PDF
Order (A) Scheduling Recognition Hearing and (B) Specifying Form and Manner of Service of Notice dated October 3, 2022PDF
Declaration of Dimitrios "Jim" Vounassis in Support of Motion for Recognition of Foreign Main Proceeding and Request for Certain Related Relief Pursuant to Section 1515(b) of the Bankruptcy Code dated September 30, 2022PDF
Declaration of Sandra Abitan as Canadian Counsel to the Debtors in Support of Motion for Recognition of Foreign Main Proceeding and Request for Certain Related Relief dated September 30, 2022PDF
Motion for Order (A) Scheduling Hearing on Recognition of Chapter 15 Petitions and (B) Specifying Form and Manner of Service of Notice dated September 30, 2022PDF
Motion for Recognition of Foreign Main Proceeding and Request for Certain Related Relief dated September 30, 2022PDF
Motion for an Order (A) Directing Joint Administration of Cases Under Chapter 15 of the Bankruptcy Code and (B) Authorizing the Filing of a Consolidated List under Bankruptcy Rule 1007 dated September 30, 2022PDF
Order (A) Directing Joint Administration of Cases under Chapter 15 of the Bankruptcy Code and (B) Authorizing the filing of a Consolidated List under Bankruptcy Rule 1007 dated September 30, 2022PDF
Bidding Procedures Order dated September 29, 2022
  • Bid deadline 11 November 2022
  • Order date 29 September 2022
  • Outside date 7 February 2023
  • Presiding officer Justice Christian Immer
  • + 2 more extracted facts
PDF
First Day Initial Order dated September 29, 2022
  • Applicant XEBEC ADSORPTION INC.
  • Appointee Deloitte Restructuring Inc.
  • Appointee role Monitor
  • Commencement date 29 September 2022
  • + 8 more extracted facts
PDF
First Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Proposed Monitor dated September 29, 2022
  • Financial position Liabilities $282M · as at 31 Aug 2022 · per Based on the Xebec Group's books and records (unaudited) · Petitioners (Canadian and US entities) on a consolidated basis - amounts due to secured and unsecured creditors — Document states: 'the following tables summarize amounts due to secured and unsecured creditors of the Petitioners as of August 31, 2022, which total of $282M on a consolidated basis.' This figure represents creditor claims (secured + unsecured), not a full balance-sheet total-liabilities figure; no total assets figure is provided in the reviewed pages.
  • Secured creditors $7M · Note: Amount excludes interest, costs, fees and expenses. Also excludes outstanding letters of credit issued by NBC (~$7.5M), which are mostly guaranteed by EDC; Proposed Monitor was still validating LC information. Same figure ($7M) also stated in prose as of the First Report date (Sept 29, 2022). · Page: 9 · As of: 2022-08-31 · Debtor: Xebec Adsorption Inc. and related Canadian/US Petitioners (blanket security) · Creditor: National Bank of Canada (NBC) · Security: Hypothecs and liens on substantially all assets of Xebec Inc., as well as Applied, XBC Wisconsin, Xebec USA, Holding USA, CDA, Enerphase, Titus, Compressed, Tiger, California Compression, Nortekbelair, Holding UK and Xebec Systems
PDF
Application for the Issuance of a First Day Initial Order, a Deemed Extension of the Stay Period and a Bidding Procedures Order dated September 28, 2022PDF
Declaration of Dimitrios "Jim" Vounassis in Support of Foreign Representative's Final Report and Motion for Order Approving Entry of Final Decree Closing Certain Chapter 15 Cases dated May 8. 2024PDF
Shareholders Class Action - Long Form NoticePDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “XEBEC ADSORPTION INC. & Al.” (CCAA), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/xebec-adsorption-inc-al

Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/xebec-adsorption-inc-al

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.