Ontario · Receivership (court-appointed)
MOTION RECORD OF THE RECEIVER (Approval and Vesting Order, Assignment Order, and Order (Distribution, Sealing and Approving Activities)) Returnable September 17, 2026
Application / notice of application · 17 September 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing6 verified
- secured creditorsnote: BNS no longer has any indebtedness owing to it; Bell took assignment of the BNS debt and security following commencement of Receivership Proceedings. Registration remains but no extant secured debt claim. · page: 36 · as of: date of Second Report · amount: 0 · debtor: SmartONE Solutions Inc. · creditor: The Bank of Nova Scotia (BNS) · currency: CAD · security: PPSA registration dated May 9, 2022 (assigned to Bell)
- secured creditorsnote: Collateral does not form part of assets being acquired in the Transaction and will be returned to Steelcase. · page: 36 · debtor: SmartONE Solutions Inc. · creditor: Steelcase Financial Services Ltd. · currency: CAD · security: PPSA registration dated January 22, 2024 over specific collateral (furniture and equipment leased from or financed by Steelcase, and proceeds)
- secured creditorsnote: Secured creditor of SmartONE; amount not stated on these pages. · page: 36 · debtor: SmartONE Solutions Inc. · creditor: BDC Capital Inc. (BDC) · currency: CAD · security: PPSA registration dated March 25, 2024
- secured creditorsnote: No communications received from Eastern Development since Receiver's appointment; amount not stated. · page: 36 · debtor: SmartONE Solutions Inc. · creditor: Eastern Ontario Community Futures Development Corporation Network Inc. (Eastern Development) · currency: CAD · security: PPSA registration dated February 5, 2025
- secured creditorsnote: Registration made after Receiver's appointment; SmartONE management not aware of any security granted to Outside GC; disputed - Receiver requested documentation to substantiate purported security interest; Receiver understands no extant secured debt claim. · page: 37 · debtor: SmartONE Solutions Inc. · creditor: Outside GC LLC · currency: CAD · security: PPSA registration dated January 29, 2026 (purported)
- secured creditorsnote: Bell's secured claim comprised of (a) Receiver's Borrowings ($5,550,000 drawn as of end of R&D Period, out of authorized maximum of $6,550,000, increased from initial $4,400,000), (b) assigned BNS indebtedness/security, and (c) indebtedness under Collaboration Agreement secured by Bell GSA. Only distribution on account of Receiver's Borrowings currently sought. · page: 60 · as of: end of R&D Period (August 14, 2026) · amount: 5550000 · debtor: SmartONE Solutions Inc. · creditor: Bell Canada · currency: CAD · security: Receiver's Borrowings Charge (super-priority, ranking behind only Receiver's Charge); plus assigned BNS security (first registered security interest); plus Bell GSA/Collaboration Agreement security; PPSA registration dated June 26, 2024