Ontario · Receivership (court-appointed)
Order Approving the Auction Agreement, Listing Agreements, and Related Relief
Order (other) · 6 July 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 filing11 verified
- courtOntario Superior Court of Justice (Commercial List)
- debtor namesWings Freightway Inc.; I-Way Transport Inc.; I-Way Logistics Inc.; 2806329 Ontario Inc.; 10872911 Canada Inc.; 14366085 Canada Inc.; 2863697 Ontario Inc.
- statutory basisSubsection 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended, and Section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended
- commencement date9 January 2026
- closing termsClosing of the Auction Transactions occurs upon the Auctioneer completing a sale, receiving the purchase price, and delivering a Bill of Sale; the Receiver's Certificate is filed once all Auction Transactions have closed.
- order date6 July 2026
- presiding officerJustice Cavanagh
- purchaserprice: sealed: false · scope: the property, assets, and undertakings of the Respondents subject to the Listing Agreements · status: approved · name note: purchaser(s) under the approved Sales Processes/Listing Agreements, not yet identified · structure: real_property · name source: operative · relationship: unstated; price: sealed: false · scope: all of the Respondents' right, title, and interest in and to the property purchased by such Purchaser (the 'Purchased Assets') · status: approved · name note: end purchasers at the auction, unnamed · structure: auction · name source: operative · relationship: unstated · agreement date: 2026-05-26
- sale advisorCushman & Wakefield ULC; MMI Group Inc., operating as Cushman & Wakefield Winnipeg; McDougall Auctioneers Ltd.
- sale outcometext: Order approving the auction agreement and listing agreements/sales processes, with completion of any transaction under the Sale Process subject to further court approval. · scope: whole_business · status: process_approved
- sealed itemsConfidential Appendix 'B' to the First Report; Confidential Appendix 'C' to the First Report