On April 29, 2025, Akhal Tile & Global Trading Inc. (“Aqual”) assigned itself into bankruptcy (“Date of Bankruptcy”) and Dodick Landau Inc. was appointed as Trustee in Bankruptcy of the estate of Akhal (the “Trustee”).
Akhal commenced operations approximately nine years ago as a distributor of porcelain and ceramic tile. In 2024, Akual scaled back it’s material supplying activities and focused on renovations. In March 2023 the same shareholder group incorporated a new company, 12739844 Canada Inc., which operated as Basilica Construction (“Basilica”). After incorporating Basilica, the shareholders continued to operate as both Basilica and Aqhal and the two businesses became intermingled which included their books and records.
Documents
Certificate of Appointment – April 29, 2025