On February 24, 2017, GlassRatner Inc. (“B. Riley Farber”) became the Court-appointed receiver (the “Receiver“) pursuant to section 243(1) of the Bankruptcy & Insolvency Act, R.S.C. 1985, c. B-3, as amended (the “BIA“) and section 101 of the Courts of Justice Act, R.S.O. 1990, c.C.43, as amended (the “CJA“), over all of the assets, undertakings and properties (the “Property“) of Axios Mobile Assets Inc. pursuant to an Order (the “Appointment Order“) of the Honourable Justice Wilton-Siegel of the Ontario Superior Court of Justice (Commercial List). Further, pursuant to the Appointment Order, GlassRatner was appointed receiver of all of the assets, undertakings and properties of Axios Mobile Assets Corp., Axios Mobile Assets, Inc. and Axios Logistics Solutions Inc. pursuant to section 101 of the CJA.
Status Updates
U.S. Bankruptcy Court Proceedings
On March 1, 2017, the United States Bankruptcy Court for the District of Delaware issued three Court Orders in this matter as follows:
- A Provisional Order granting provisional relief with respect to the recognition of the Canadian proceeding as a foreign main proceeding. This Order gives full force and effect to the Canadian receivership order as well as applies sections 362 and 365 of the Bankruptcy Code to the Debtors’ assets;
- A Joint Administration Order granting approval to jointly administer the cases of Axios Mobile Assets Inc., Axios Mobile Assets Corp., Axios Mobile Assets, Inc. and Axios Logistics Solutions Inc.; and
- An Order setting the date and time as March 29, 2017, at 1:30 p.m. for the hearing for final approval of the petition. Objections must be submitted by 4:00 p.m. on March 22, 2017.
Creditor or Employee Enquiries
For creditor or employee enquiries, please contact:
Hylton Levy
T: 437.294.4624
E: hlevy@glassratner.com
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
Motion Materials
- Application Record, Part 1
- Application Record, Part 2
- Application Record, Part 3
- Application Record, Part 4
- Application Record, Part 5
- Factum
- Book of Authorities, Part 1
- Book of Authorities, Part 2
- Receiver’s Motion Record re: Sale Approval, Vesting Order and Ancillary Administration Order (Volume 1)
- Receiver’s Motion Record re: Sale Approval, Vesting Order and Ancillary Administration Order (Volume 2)
- Receiver’s Book of Authorities
- Receiver’s Factum
- Motion to Approve the Approval & Vesting Order (US) – part 1
- Motion to Approve the Approval & Vesting Order (US) – part 2
- Motion to Approve the Approval & Vesting Order (US) – part 3
- Motion to Shorten Notice Period (US)
- Motion to Close Chapter 15 Proceeding
- Receiver’s Final Report in Chapter 15 Proceeding
- Notice of Change in Status of Foreign Representative
Receiver’s Certificates
Court Orders & Endorsements
- Receiver’s Discharge – Apr 10, 2018
- Appointment Order, dated February 24, 2017
- Endorsement re: Appointment Order, dated February 24, 2017
- Unofficial Transcript of Endorsement Order, dated February 24, 2017
- Unofficial Transcript of Endorsement of Justice Newbould, dated March 6, 2017
- Approval and Vesting Order dated August 24, 2017
- Ancillary Administration Order dated August 24, 2017
U.S. Bankruptcy Court Orders
- Provisional Order
- Joint Administration Order
- Order Setting Hearing
- Final Recognition Order March 28, 2017
- Order Granting Stipulation
- Lease Extension Order
- US Sale Order
- U.S. Final Discharge Order
Service List