Ontario · Receivership (court-appointed)
Approval & Vesting Order (Equipment Auction)
Approval and vesting order · 8 January 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing8 verified
- closing termsVesting occurs upon completion of the sale to a Purchaser, receipt of the purchase price by the Auctioneer, and delivery of a Bill of Sale
- counselLoopstra Nixon LLP
- order date8 January 2026
- presiding officerJustice J. Dietrich
- purchaserprice: note: purchase price determined at the Auction · sealed: false · scope: the Debtors' and the Receivers' right, title and interest in and to the property purchased by such respective Purchaser at the Auction · status: approved · name note: purchasers at the Auction, unnamed; may include the Auctioneer · structure: auction · name source: operative · relationship: unstated
- sale advisorInfinity Asset Solutions Inc.
- sale outcometext: Court approved the Auction Services Agreement and authorized the Auctioneer to conduct the equipment auction, with assets vesting in each purchaser upon completion of sale and delivery of a Bill of Sale · scope: liquidation · status: process_approved
- sealed itemsAuction Services Agreement filed as Confidential Appendix '2' to the First Report