J2ASM Inc.
Receivership
Page last updated: December 11, 2024
This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.
Status of file as of December 02, 2024
On December 2, 2024, pursuant to an order (the “Receivership Order”) of the Ontario Superior Court of Justice (Commercial List) (the “Court”), PricewaterhouseCoopers Inc., LIT (“PwC”) was appointed as receiver and manager (the “Receiver”), without security, of all of the assets, undertakings and properties (collectively, the “Property”) of J2ASM Inc. (the “Company”), including, without limitation, the real property municipally known as 5205 Satellite Drive, Mississauga, Ontario (the “Commercial Property”) pursuant to section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (“BIA”) and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended (the “Receivership Proceeding”).
The Receivership Order was granted pursuant to an application made by the Business Development Bank of Canada (the “Bank” of the “Applicant”).
A Notice and Statement of the Receiver (the “Notice”) will be sent to all known creditors of the Company in accordance with the provisions of the BIA. A copy of the Notice will be posted on the “Notices and List of Creditors” page of this website.
Related Content
Contact us
Follow PwC Canada
