Ontario · Receivership (court-appointed)
Third Report of the Receiver
Court officer report · 20 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 filing5 verified
- financial positionnote: Fiscal 2023 year-end. Separately, per the 2024 FS (year ended Sept 30, 2024) total liabilities were $13,401,541 (no total assets figure stated for 2024). · as at: 2023-09-30 · basis: Book value per Delviro's 2023 financial statements (2023 FS, fiscal year-end Sept 30, 2023); the Receiver disputes this, noting the assets include a seized cigarette rolling machine valued at $2,169,122.17 that should not have been included, and that on the May 2024 appraisal's fair market value ($2,516,500 for equipment) liabilities would have exceeded assets by over $95,995. · scope: Delviro Inc. (single entity, per its own annual financial statements) · currency: CAD · total assets: 14724605 · total liabilities: 11502961
- operational summaryDelviro ceased operations in late February 2025, was assigned into bankruptcy on October 3, 2025, and its assets were liquidated at auction in June 2025; the Receiver expects no further material realizations apart from any recoveries from the reviewable transactions motion.
- recovery outcomeentries: basis: unstated · quote: no distributions are currently contemplated to NBC (owed approximately $5.7MM) or unsecured creditors in these Receivership Proceedings or the Bankruptcy Proceedings. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: NBC · claims amount: 5700000 · creditor name: NBC · interim final: unstated · related party: false · claims qualifier: unstated; basis: unstated · quote: The Statement of Affairs indicates that Delviro's unsecured creditors (excluding the Related Parties and NBC in respect of its unsecured claim) are owed in excess of $2,000,000; · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · claims amount: 2000000 · interim final: unstated · related party: false · claims qualifier: listed · stated on: 2026-01-20 · table missing:
- report date20 January 2026
- report noThird Report of the Receiver