1000108549 Ontario Inc.
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- CV-24-00000019-0000
- Industry
- Retail · Gas stations & convenience stores
1000108549 Ontario Inc. was placed into court-appointed receivership by order of the Ontario Superior Court of Justice made March 8, 2024, in court file CV-24-00000019-0000, after The Toronto-Dominion Bank made formal demand and served a notice of intention to enforce security under s. 244 of the BIA on February 1, 2024. TD was owed approximately $4.2 million as at the filing date, plus accruing interest and costs, on security including an April 6, 2022 general security agreement, a collateral mortgage registered August 26, 2022 with registered principal of $4,340,000.00, an assignment of rents and leases, and an unlimited personal guarantee from principal Noorallah Nawrozada. Receiver's counsel Aird & Berlis LLP opined the security was valid and perfected. A title subsearch on February 21, 2024 disclosed a $250,000 subsequent mortgage held by Syed Fazil Abbas, ranking behind TD; property tax arrears owing to the City of Temiskaming Shores stood at approximately $20,000. The proceeding is recorded as closed.
Order made Friday, March 8, 2024 appointed a receiver over 1000108549 Ontario Inc. under BIA s. 243, commencing the proceeding in file CV-24-00000019-0000.
Debtor
File Documents
Receiver
Albert Gelman
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Richard | Ontario Superior Court of Justice | 3 orders, Oct 2024 – Apr 2025 | 2 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverAlbert Gelman | Aird & Berlis LLP | 4 Oct 2024 | Application · 4 Oct 2024 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | The Toronto-Dominion Bank · in 121 casesGeneral Security Agreement dated April 6, 2022; collateral mortgage (registered principal $4,340,000.00, described elsewhere as 'approximately $4.3 million') registered on title August 26, 2022, instrument no. DT8308; Assignment of Rents and Leases registered August 26, 2022, instrument no. DT83809; Assignment of term deposits and credit balances in the sum of $50,000.00 dated April 6, 2022; postponement and assignment of creditors' claims executed by related companies 2492029 Ontario Inc., 2516077 Ontario Inc. and 2846256 Ontario Inc., each dated April 6, 2022; Environmental Indemnity Agreeme · as of 8 Mar 2024 | $4.2M | First Report of the Receiver dated October 3, 2024 |
| Secured | |||
| Secured |
2 more claims in 1 class The stack holds Secured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
TD Bank: shortfall.EstimatedMotion record of the Receiver · 9 Apr 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | TD Bank | — | shortfall | Estimatedper the receiver | Motion record of the Receiver · 9 Apr 2025 |
| SecuredTD | The Toronto-Dominion Bank | — | shortfall | Estimatedper the receiver | Second Report of the Receiver · 9 Apr 2025 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
5 engagements · 3 firms — latest: Aird & Berlis LLP, to 30 Sep 2024, in feesSecond Report of the Receiver · 9 Apr 2025
| Firm | Period | Hours | Fees | Rates | Source | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aird & Berlis LLPCounsel to the receiverperiod 2 of 2 | to 30 Sep 2024 | — | not stated | Second Report of the Receiver · 9 Apr 2025 | ||||||||||||||||||||||||||||||||||||
| Aird & Berlis LLPCounsel to the receiverperiod 1 of 2 | — | 6 people | Motion record of the Receiver · 9 Apr 2025 | |||||||||||||||||||||||||||||||||||||
6 people — Aird & Berlis LLP · 18 blurred figures
| ||||||||||||||||||||||||||||||||||||||||
| Albert Gelman Inc.Receiverperiod 2 of 2 | 13 Feb – 30 Sep 2024 | — | not stated | Second Report of the Receiver · 9 Apr 2025 | ||||||||||||||||||||||||||||||||||||
| Albert Gelman Inc.Receiverperiod 1 of 2 | the Period | — | 5 people | Second Report of the Receiver · 9 Apr 2025 | ||||||||||||||||||||||||||||||||||||
5 people — Albert Gelman Inc., the Period · 15 blurred figures
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| Kestenberg Litigation LLPCounsel | — | — | — | First Report of the Receiver · 3 Oct 2024 | ||||||||||||||||||||||||||||||||||||
41 blurred figures above
What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Discharge Order dated April 22, 2025
| PDF · Subscribers | |
Endorsement of Justice Richard dated April 22, 2025
| PDF · Subscribers | |
Motion record of the Receiver dated April 9, 2025
| PDF · Subscribers | |
Second Report of the Receiver dated April 9, 2025
| PDF · Subscribers | |
| Receiver’s Certificate dated November 12, 2024 | PDF · Subscribers | |
Ancillary Order dated October 16, 2024
| PDF · Subscribers | |
Approval and Vesting Order dated October 16, 2024
| PDF · Subscribers | |
Motion Record of the Receiver dated October 4, 2024
| PDF · Subscribers | |
First Report of the Receiver dated October 3, 2024
| PDF · Subscribers | |
Notice and Statement of Receiver
| PDF · Subscribers | |
Appointment Order dated March 8, 2024
| PDF · Subscribers | |
Motion record of the Plaintiff dated February 23, 2024
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “1000108549 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/1000108549-ontario-inc