On October 21, 2019, Accel Canada Holdings Limited and Accel Energy Canada Limited (the "Companies") each filed a Notice of Intention to Make a Proposal (the "NOIs") pursuant to Section 50.4(1) of the Bankruptcy and Insolvency Act (the "BIA"). Subsequently on October 24, 2019, a related entity, Accel Canada Holdings GP Limited filed a Notice of Intention to Make a Proposal.
Pursuant to Section 69(1) of the BIA, all proceedings against the Companies are now stayed and service to the Companies cannot be discontinued.
Subsequently on November 25, 2019, Accel Canada Holdings GP Limited was deemed to have made an assignment in
bankruptcy and Deloitte Restructuring Inc. (“Deloitte”) was appointed as
Trustee of the estate of the bankrupt. The first meeting of creditors
(the “First Meeting”) was held at Deloitte’s offices at 700, 850 – 2nd
St. SW Calgary, Alberta on December 11, 2019 at 10:00 AM.
Publicly available documents will be posted to this website.
All enquiries relating to Accel Energy Canada Limited and Accel Canada
Holdings Limited should be directed Philipp Krosanke at PWC by telephone at
403-509-6669 or via email to Philipp.Krosanke@pwc.com.
Notice to Creditors - Accel Canada Holdings GP Limited, dated October 29, 2019
May 6, 2020