The applicant sought a bankruptcy order against the respondent holding company, whose operating subsidiaries managed green energy projects for hospitals.
The respondent's directors had all resigned, leaving the companies rudderless and jeopardizing critical power supplies.
The court found the bankruptcy application technically defective but provided directions on alternative, simpler methods to place the companies into bankruptcy, such as through a unanimous shareholder declaration or by a deemed director under s. 109(4) of the CBCA.
