On September 5, 2024, 1510610 Ontario Inc. o/a Central Welding & Iron Works (the “Company“) filed a Notice of Intention to Make a Proposal (“NOI”) under Section 50.4 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the “BIA”), and B. Riley Farber Inc. (“B. Riley Farber) was appointed as proposal trustee in the Companies’ NOI proceedings (in such capacity, the “Proposal Trustee”).
Relevant documents can be found below.
Status Updates
On October 4, 2024, the Ontario Superior Court of Justice (Commercial List) (“Court“) issued an order approving , among other things, the time for filing a proposal by the Company be extended by a period of 45 days up to and including November 18, 2024.
A copy of the order can be found below.
Sale and Solicitation Process (“SISP”)
B. Riley Farber is authorized by the Court to implement a SISP for the Company and certain assets of its parent company, Autogene Industries North Bay Inc. The Bid Deadline is January 15, 2025 And other details are available in the Stay Extension and SISP Approval Order dated November 15, 2024, as attached below. Please contact Rob Biehler with any questions.
On December 20, 2024, the Court issued an order approving , among other things, the time for filing a proposal by the Company be extended by a period of 45 days up to and including February 14, 2025.
A copy of the order can be found below.
Creditor Inquiries
For creditor inquiries, please contact:
Erin Merrick
Corporate Insolvency Administrator | Restructuring
T: 437.294.4618
E: [email protected]
The case updates and court filed documents on this website are for information purposes only and you should consult your financial or legal adviser if you have any questions or concerns about your rights or obligations. Additional updates on the status of these proceedings may become available in the future.
Documents
NOI/Proposal Documents
• Certificate of Filing of a Notice of Intention to Make a Proposal – September 5, 2024
• Creditors Package (NOI) – September 12, 2024
Motion Materials
• Motion Record of the Company (returnable October 4, 2025) – October 1, 2024
• Factum of Facca Incorporated – October 3, 2024
• Affidavit of Thomas Robson (Facca Incorporated) – October 3, 2024
• Motion Record (Stay Extension and SISP Approval) – November 9, 2024
• Factum (Stay Extension and SISP Approval) – November 13, 2024
• Motion Record – December 14, 2024
• Factum of the Company (returnable December 20, 2024) – December 19, 2024
Court Reports
• First Report of the Proposal Trustee – October 2, 2024
• Second Report of the Proposal Trustee – November 12, 2024
• Third Report of the Proposal Trustee – December 18, 2024
Court Orders & Endorsements
• Order of Justice Cavanagh – October 4, 2024
• Endorsement of Justice Cavanagh – October 4, 2024
• Order of Justice Kimmel (Stay Extension and SISP Approval) – November 15, 2025
• Endorsement of Justice Kimmel (Stay Extension and SISP Approval) – November 15, 2024
• Order of Justice Kimmel (Stay Extension) – December 20, 2024