Orbite Technologies Inc.

CCAA

Page last updated: May 30, 2022

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.


For efficiency and confidentiality purposes, the Monitor cannot respond to the many questions submitted by Technologies Orbite Inc.'s shareholders.

Status of file as of May 30, 2022

On May 30, 2022, following the filing of a Motion, the Superior Court of Quebec issued an Order extending the stay of proceedings against Orbite Technologies Inc. until May 31, 2025. We refer you to the Order dated May 30, 2022 for more details.

Status of file as of May 31, 2021

On May 29, 2021, following the filing of a Motion by the Company, the Superior Court of Quebec issued an Order extending the stay of proceedings against Orbite Technologies Inc. until May 31, 2022. We refer you to the Order dated May 29, 2021 for more details.

Status of file as of December 3, 2020

On December 3, 2020, following the filing of a Motion by the Company, the Superior Court of Quebec issued an order extending the stay of proceedings against Orbite Technologies Inc. until May 31, 2021. We refer you to the Orders dated December 3, 2020 for more details.

Status of file as of September 8, 2020

On September 4, 2020, following the filing of a Motion by the Company, the Superior Court of Quebec issued two orders extending the stay of proceedings against Orbite Technologies Inc. until December 3, 2020 and approving a transaction for the sale of certain assets (mining claims). We refer you to the Orders dated September 4, 2020 for more details.

Status of file as of March 31, 2020 

On March 30, 2020, following the filing of a Motion by the Company, the Superior Court of Quebec issued an Order extending the stay of proceedings against Orbite Technologies Inc. until September 4, 2020 and approving a transaction for the sale of certain assets. We refer you to the Order dated March 30, 2020 for more details.

Status of file as of March 12, 2020

On March 12, 2020, following the filing of a Motion by the Company, the Superior Court of Quebec issued an Order extending the stay of proceedings against Orbite Technologies Inc. until March 30, 2020. We refer you to the Extension of Delay Order dated March 12, 2020 for more details.

Status of file as of January 23, 2020 

On January 23, 2020, following the filing of a Motion by the Company, the Superior Court of Quebec issued an Order extending the stay of proceedings against Orbite Technologies Inc. until March 14, 2020. We refer you to the Extension of Delay Order dated January 23, 2020 for more details.

Status of file as of December 24, 2019 

On December 23, 2019, following the filing of a Motion by the Company, the Superior Court of Quebec issued an Order approving the license agreement executed by the Monitor on behalf of Orbite as outlined in the termsheet approved December 13th 2019.

Status of file as of December 13, 2019

On December 13, 2019, following the filing of a Motion by the Company, the Superior Court of Quebec issued an Order providing for: 

  • An extension of the stay of proceedings against Orbite Technologies Inc. until January 24, 2020;
  • The monitor and purchaser to conform with the terms and conditions of the termsheet.

We refer you to the Order dated December 13, 2019 for more details. 

Status of file as of November 27, 2019 

On November 26, 2019, following the filing of a Motion by the Company, the Superior Court of Quebec issued a Seventh Amended and Restated Initial Order providing for: 

  • Extension of the stay of proceedings against Orbite Technologies Inc. until December 13, 2019; 
  • Approval of a $320,000 Interim Financing and a related Interim Financing charge over the Company’s assets. 

We refer you to the Seventh Amended and Restated Initial Order dated November 26, 2019 for more details.

Status of file as of October 29, 2019

On October 28, 2019, following the filing of a Motion by the Company, the Superior Court of Quebec issued a Sixth Amended and Restated Initial Order providing for: 

  • Extension of the stay of proceedings against Orbite Technologies Inc. until November 26, 2019;
  • Granting of increasing powers to the Monitor. 

We refer you to the Sixth Amended and Restated Initial Order dated October 28, 2019 for more details. 

On the same date, the Superior Court also issued an order: 

  • Authorizing the payment of the Amended KERP. 

We refer you to the Order dated October 28, 2019 for more details.

Status of file as of Octobre 4, 2019 

On October 4, 2019, following the filing of a Motion by the Company, the Superior Court of Quebec issued an Order extending the stay of proceedings against Orbite Technologies Inc. until October 29, 2019. We refer you to the Extension of Delay Order dated October 4, 2019 for more details.

Status of file as of September 16, 2019 

On September 13, 2019, following the filing of a Motion by the Company, the Superior Court of Quebec issued an Order extending the stay of proceedings against Orbite Technologies Inc. until October 4, 2019. We refer you to the Extension of Delay Order dated September 13, 2019 for more details.

Status of file as of August 16, 2019 

On August 15, 2019, following the filing of a Motion by the Company, the Superior Court of Quebec issued an Order extending the stay of proceedings against Orbite Technologies Inc. until September 13, 2019. We refer you to the Extension of Delay Order dated August 15, 2019 for more details.

Status of file as of June 6, 2019 

On June 6, 2019, following the filing of a Motion by the Company, the Superior Court of Quebec issued an Order extending the stay of proceedings against Orbite Technologies Inc. until August 16, 2019. We refer you to the Extension of Delay Order dated June 6, 2019 for more details.

Status of file as of March 7, 2019

On March 6, 2019, following the filing of a Motion by the Company, the Superior Court of Quebec issued a Fifth Amended and Restated Initial Order providing for:

  • Extension of the stay of proceedings against Orbite Technologies Inc. until June 7, 2019;
  • Approval of an Amended Second Interim Financing which increases the loan made in June 2018 by $650,000 , for a total amount of $8.1 million extended to date, and a related Interim Financing super-priority charge over the Company’s assets;
  • Approval of a $2 million Interim Financing and a related Interim Financing charge over the Company’s assets;
  • Amendment of the terms of the Key Employees Retention Program initially disclosed on May 24, 2017 to increase the number of eligible key employees and the amounts they are entitled to. The amount of the charge over the Company’s assets remains however unchanged.

We refer you to the Fifth Amended and Restated Initial Order dated March 6, 2019 for more details.

Status of file as of January 31, 2019 

On January 30, 2019, following the filing of a Motion by the Company, the Superior Court of Quebec issued an eighth Order extending the stay of proceedings against Orbite Technologies Inc. until March 8, 2019. This Order also grants Orbite permission to postpone until October 31, 2019 the delay to call its annual meeting of shareholders. We refer you to the Eighth Extension of Delay Order dated January 30, 2019 for more details. 

Status of file as of July 16, 2018 

On July 16, 2018, following the filing of a Motion by the Company, the Superior Court of Quebec issued a seventh Order extending the stay of proceedings against Orbite Technologies Inc. until February 1st, 2019. We refer you to the Fourth Amended and Restated Initial Order dated July 16, 2018 for more details. 

On the same date, the Superior Court also issued an order approving a transaction and an interim financing. We refer you to the Approval Order dated July 16, 2018 for more details.

Status of file as of June 11, 2018 

On June 8, 2018, following the filing of a Motion by the Company, the Superior Court of Quebec issued a sixth Order extending the stay of proceedings against Orbite Technologies Inc. until July 20, 2018. We refer you to the Sixth Extension of Delay Order dated June 8, 2018 for more details.

Status of file as of April 5, 2018 

On March 29, 2018, following the filing of a Motion by the Company, the Superior Court of Quebec issued a fifth Order extending the stay of proceedings against Orbite Technologies Inc. until June 8, 2018. We refer you to the Fifth Extension of Delay Order dated March 29, 2018 for more details.

Status of file as of January 30, 2018

On January 29, 2018, following the filing of a Motion by the Company, the Superior Court of Quebec issued a fourth Order extending the stay of proceedings against Orbite Technologies Inc. until March 31, 2018. We refer you to the Fourth Extension of Delay Order dated January 29, 2018 for more details.

Status of file as of October 31, 2017

On October 30, 2017, following the filing of a Motion by the Company, the Superior Court of Quebec issued a third amended and restated Initial Order, extending the stay of proceedings against Orbite Technologies Inc. until January 31, 2018. This Order also grants Orbite permission to postpone until April 27, 2018 the delay to call its annual meeting of shareholders and directs the Monitor to release the balance of the Interim Facility to Orbite. We refer you to the Third Extension of Delay Order dated October 30, 2017 for more details.

On the same date, the Superior Court also issued a Claims Procedure Order. All the pertaining details will be posted on the Monitor's Website not later than 5:00 p.m. on  November 6, 2017.

Status of file as of August 3, 2017

On August 1st, 2017, following the filing of a Motion by the Company, the Superior Court of Quebec issued a second amended and restated Initial Order, extending the stay of proceedings against Orbite Technologies Inc. until October 31st, 2017, approving the $6.8 million debtor-in-possession financing ("DIP") financing from the holders of Orbite's 7% Convertible Secured Debentures due September 28, 2018 and a related DIP super-priority charge over the Company's assets. We refer you to the Order ''Second Amended and Restated Initial Order'' dated August 1st, 2017 for more details.

Status of file as of May 24, 2017

On May 23, 2017, following the filing of a Motion by the Company, the Superior Court of Quebec issued an amended and restated Initial Order, extending the stay of proceedings against Orbite Technologies Inc. until August 4, 2017 and approving the Key Employee Retention Program. We refer you to the Order ''Amended and Restated Initial Order'' dated May 23, 2017 for more details.

On the same date, the Superior Court issued a second order to postpone until January 31, 2018 the delay for Orbite Technologies Inc. to call its annual meeting of shareholders. We refer you to the order ''Order relating to the calling of the annual meeting of shareholders'' dated May 23, 2017 for more details.

Status of file as of May 1st, 2017

The Company filed a petition for continuance of the BIA proceedings under the Companies’ Creditors Arrangement Act (“CCAA”). The Superior Court of Québec granted the petition and issued an Initial Order pursuant to the CCAA on April 28th, 2017. The Company is now under the protection of the CCAA and the Initial Order provides for an initial stay of all proceedings until May 29th, 2017 and appoints PricewaterhouseCoopers as monitor of the business and financial affairs of the Company. 

We refer you to the order dated April 28, 2017 for more information.

Status of file as of April 3, 2017

TAKE NOTICE THAT Orbite Technologies Inc., of the City of Montreal, Province of Quebec, has filed with the Official Receiver a “Notice of Intention to Make a Proposal” pursuant to Subsection 50.4(1) of the Bankruptcy and Insolvency Act on the 3rd day of April 2017.

Pursuant to Section 69 of the Bankruptcy and Insolvency Act, all proceedings against the corporation are stayed as of the date of filing the Notice of Intention to Make a Proposal with the Official Receiver.


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Victor Myre Leroux

Manager, PwC Canada

Tel: +1 514 205-5359

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