Accel Canada

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Receivership

_{Page last updated: February 6, 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.

On November 22, 2019, proceedings were commenced by Accel Canada Holdings Limited and Accel Energy Canada Limited (the “Applicants”) under Companies’ Creditors Arrangement Act (“CCAA”) and an Order was granted by the Honourable Justice D.R. Mah of the Court of Queen’s Bench of Alberta. Pursuant to the Initial Order, PricewaterhouseCoopers Inc., LIT was appointed as monitor of the Companies. A copy of the Initial Order is available on this website under “Court Orders”.

Please note that the proceedings commenced by Accel under Part III of the Bankruptcy and Insolvency Act (“BIA”), a Notice of Intention to File a Proposal, are hereby taken up and continued under the CCAA and the provisions of Part II of the BIA shall have no further application to the Applicants.

Update June 2020

On June 20, 2020, PricewaterhouseCoopers Inc., LIT ("PwC" or the "Receiver") was appointed Receiver of Accel Canada Holdings Limited and Accel Energy Canada Limited. ("Accel") pursuant to an Order of the Court of Queen’s Bench of Alberta.