Gandi Innovations Limited

In the matter of the Companies' Creditors Arrangements Act and in the matter of a plan of compromise or arrangement of Gandi Innovations Limited, Gandi Innovations Holdings LLC, and Gandi Innovations LLC (collectively "Gandi").

On May 8, 2009 BDO Dunwoody Limited, was appointed as the Monitor of Gandi under the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as Amended ("CCAA"), pursuant to an order of the Ontario Superior Court of Justice (Commercial List). To access the available documentation and other pertinent information concerning this CCAA proceeding, please click on the links on the side menu bar.

STAKEHOLDERS ARE INVITED TO REGISTER to receive notice, by e-mail, when additional documents are posted to this web site. Updates, including all relevant documentation and information concerning this CCAA proceeding will be posted as and when it becomes available. Notice of the new posting will be sent, by e-mail, to all registered stakeholders.

What's New

September 13th, 2011

On May 8, 2009 pursuant to order of the Ontario Superior Court of Justice (the “Court”), the Gandi Group obtained protection from their creditors under the Companies’ Creditors Arrangement Act (“CCAA”). BDO Canada Limited (the “Monitor”) was named Court-appointed monitor of the Gandi Group under the CCAA proceeding. After conducting a sales process, the Monitor, with the approval of the Court, sold the Gandi Group’s assets to a third party purchaser, Agfa Corporation.

Click here to read the full article.

January 24th, 2011

The Meeting of Creditors for the creditors of the Gandi Group has been set for February 22, 2011 at 10am Eastern Standard Time at:

Intercontinental Toronto Center Hotel
Oakville Room, Main Floor
225 Front St. West
Toronto, Ontario, Canada

The purpose of this plan will be to:

  • A) consider and vote on, with or without variation, a resolution to approve the consolidated plan of compromise and arrangement of the Gandi Group under the CCAA
  • B) transact such other business as may properly come before the Creditor's Meeting or any adjournment thereof.

A copy of the Notice of Meeting of Creditors may be downloaded from the Notices to Creditors section of this website, the Proxy Form, and Voting Letter may be downloaded from the Creditor's Claims section of this website.

January 6, 2011

Pursuant to an order of the Honourable Justice Cumming dated January 4, 2011 the Monitor is preparing a mailing to all unsecured creditors of the Gandi Companies to inform them of the First Meeting of Creditors to be held on February 22, 2011. The documents mailed to unsecured creditors will be available for download on this website at a later date.

January 29, 2010

On January 15, 2010 BDO Canada Limited ("BDO" or the "Monitor") was successful in overseeing the sale Gandi Innovations Limited's business assets to AGFA Graphics ("AGFA"). Subsequent to that date and pursuant to an order of Justice Morawetz of the Ontario Superior Court of Justice, the Monitor made payments to the secured creditors in respect of their outstanding obligations.

The Monitor intends to administer a claims bar process wherein a distribution will be made to the unsecured creditors. It is expected the process will begin within the next two months. Creditors will be notified of the procedures associated with filing proofs claims with the Monitor.

The funds available to the unsecured creditors are contingent upon future accounts receivable collections by AGFA. As a result, distributions to the unsecured creditors are likely to be in installments over the upcoming 6 to 18 months. The preliminary estimate of the total distribution to the unsecured creditors over that time is in the range of 25 to 40 cents on the dollar of each unsecured claim.

In the matter of the Companies' Creditors Arrangements Act and in the matter of a plan of compromise or arrangement of Gandi Innovations Limited, Gandi Innovations Holdings LLC, and Gandi Innovations LLC (collectively "Gandi").

Today, Gandi Innovations Limited, Gandi Innovations Holdings LLC, and Gandi Innovations LLC( collectively "Gandi" or the "Respondents") was granted protection from its creditors under the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as Amended ("CCAA"). The Order dated 8 May 2009 (the "Initial Order") granted by the Honourable Madam Justice Hoy of the Ontario Superior Court of Justice (Commercial List) states:

THIS COURT ORDERS that until and including May 19, 2009, or such later date as this Court may order (the "Stay Period"), no proceeding or enforcement process in any court or tribunal (each, a "Proceeding") shall be commenced or continued against or in respect of the Respondents or the Monitor, or affecting the Business or the Property, except with the written consent of the Respondents and the Monitor, or with leave of this Court, and any and all Proceedings currently under way against or in respect of the Respondents or affecting the Business or the Property are hereby stayed and suspended pending further Order of this Court.

The Initial Order was posted on this website (see Court Documents section).

Court Documents

Notice to Creditors

Creditor's Claims

Monitor's Reports

Contact Us

BDO DUNWOODY LIMITED
123 Front St. West, Suite 1200
Toronto, Ontario, Canada
M5J 2M2

Tel: 416-865-0210
Fax: 416-865-0904
Email: gandi@bdo.ca

Partner:Blair Davidson: extension 3112

Partner:Eugene Migus:905-615-8787

Administrator:Juergen Manski:extension 3479

IIf you have a question and wish to be contacted, please provide us with the question(s) that you would like answered, together with your contact information. Your contact information should include your name, the company you represent (if applicable), the type of claim held/nature of interest and a contact number (i.e. telephone and/or fax) or email address where we may reach you.

Please send your enquiry to gandi@bdo.ca or by fax to 416-865-0904.

Although we endevour to respond to your enquiry within two business days, the volume of enquiries may impact our response time.

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