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.
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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.
Toronto Dominion Bank · in 35 casesSecurity held by TD over the Property of the Debtor (basis of appointment application) — Includes principal and interest as at February 1, 2024, with interest and costs continuing to accrue — debtor: 1000108549 Ontario Inc. · as of 1 Feb 2024
$4.19M
Notice and Statement of Receiver
Secured
Syed Fazil AbbasSecurity on the Property — Individual creditor holding security; possible related party (not stated) — debtor: 1000108549 Ontario Inc.
$250K
Notice and Statement of Receiver
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This 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.
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.
Fee scheduleEngagements: Form: invoice_listing · Rows: · Money: Total: $41.3K · Quote: an account dated November 21, 2024, for the period from October 1, 2024 to November 19, 2024 in the amount of $41,288.11, inclusive of HST and disbursements · includes tax · includes disbursements · Approximate: false · Period: Kind: invoice · Quote: an account dated November 21, 2024, for the period from October 1, 2024 to November 19, 2024 in the amount of $41,288.11, inclusive of HST and disbursements · Approval: State: unstated · Averages: — · Currency: · Invoices: Date: 2024-11-21 · Quote: an account dated November 21, 2024, for the period from October 1, 2024 to November 19, 2024 in the amount of $41,288.11, inclusive of HST and disbursements · Total: 41288.11 · Period end: 2024-11-19 · Period start: 2024-10-01 · Firm text: Aird & Berlis LLP · Firm quote: AIRD & BERLIS LLP · Context quote: Lawyers for Albert Gelman Inc., in its capacity as the C ourt-appointed Receiver
Recovery outcomeEntries: per estimated · Stated on: 2025-04-09 · Table missing:
Fee scheduleEngagements: Form: prose · Rows: · Money: Fees: $109K · Quote: amount to $109,487.00 · Approximate: false · Disbursements: $1.93K · Quote: plus disbursements in the amount of $1,929.97 · Period: End: 2024-09-30 · Kind: invoice · Quote: The Receiver's professional fees (and those of AGI's in respect of its prior consulting mandate) incurred for services rendered during the period from February 13, 2024 to September 30, 2024 amount to $109,487.00, plus disbursements in the amount of $1,929.97 (all excluding HST). · Start: 2024-02-13 · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Albert Gelman Inc. · Firm quote: SECOND REPORT OF ALBERT GELMAN INC. IN ITS CAPACITY AS RECEIVER AND MANAGER · Context quote: filed by Albert Gelman Inc. (' AGI ') , in its capacity as receiver and manager; Form: prose · Rows: · Money: Fees: $13.5K · Quote: total $13,524.50 · Approximate: false · Disbursements: $629 · Quote: plus disbursements in the amount of $628.65 · Period: End: 2024-09-30 · Kind: invoice · Quote: The fees of A&B for services rendered for the period from the Filing Date to September 30, 2024, 2024 total $13,524.50, plus disbursements in the amount of $628.65 (all excluding HST). · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Aird & Berlis LLP · Firm quote: The fees of A&B for services rendered for the period from the Filing Date to September 30, 2024, 2024 total $13,524.50, plus disbursements in the amount of $628.65 (all excluding HST). · Context quote: approved the fees and disbursements of the Receiver and its counsel, Aird & Berlis LLP (' A&B '); Form: time_summary · Rows: Adam Zeldin; Bryan A Gelman; Chris Rowe; Nicole Monks; Robert Bubnic · Money: Tax: $791 · Label: HST/GST · Quote: HST/GST: | $791.05 · Fees: $6.08K · Quote: Total Fees: | $6,085.00 · Total: $6.09K · Quote: TOTAL FEES AND DISBURSEMENTS:
$6,086.07 · includes disbursements · Approximate: false · Period: Kind: invoice · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Albert Gelman Inc. · Firm quote: ALBERT GELMAN INC. · Context quote: Summary by Staff:; Form: time_summary · Rows: Kyle Plunkett; Mario Pedro; Samantha Hans; Calvin Horsten; Patrick L Williams; Travis Bennett · Money: Fees: $38.6K · Quote: Total Fees | | | 79.3 | $38,560.0 · Approximate: false · Period: Kind: cumulative · Quote: Working Member Summary
Invoices: 1410451, 1416893 and 1430325 · Approval: State: unstated · Averages: — · Currency: · Invoices: · Firm text: Aird & Berlis LLP · Firm quote: AIRD & BERLIS LLP · Hours total: Quote: Total Fees | | | 79.3 | $38,560.0 · Value: 79.3 · Context quote: Working Member Summary
Invoices: 1410451, 1416893 and 1430325
Recovery outcomeEntries: per estimated · Table missing:
Motion Record of the Receiver dated October 4, 2024
CounselAird & Berlis LLP
Fee scheduleEngagements: Form: prose · Rows: · Money: Approximate: false · Period: Kind: cumulative · Label: the Period · Quote: The average hourly rate billed by AGI/the Receiver during the Period is $461.39. · Approval: State: unstated · Averages: AGI/the Receiver during the Period · Currency: · Invoices: Date: 2024-04-30 · Quote: An account dated April 30, 2024, for the period from March 25, 2024 to April 3, 2024 in the amount of $5,355.43, inclusive of HST and disbursements; · Total: 5355.43 · Period end: 2024-04-03 · Period start: 2024-03-25 · Firm text: Albert Gelman Inc. · Firm quote: ALBERT GELMAN INC. (' AGI '), in its capacity as the receiver and manager · Context quote: in its capacity as the receiver and manager (in such capacities, the ' Receiver '), without security, of the assets, undertakings and property of 1000108549 Ontario Inc.; Form: prose · Rows: · Money: Approximate: false · Period: Kind: unstated · Approval: State: unstated · Averages: — · Currency: · Invoices: · Firm text: Aird & Berlis LLP · Firm quote: AIRD & BERLIS LLP · Context quote: AIRD & BERLIS LLP
Recovery outcomeEntries: per estimated · Stated on: 2024-10-04 · Table missing:
First Report of the Receiver dated October 3, 2024
Fee scheduleEngagements: Form: prose · Rows: · Money: Approximate: false · Period: Kind: cumulative · Label: the Period · Quote: The average hourly rate billed by AGI/the Receiver during the Period is $461.39. · Approval: State: unstated · Averages: AGI/the Receiver during the Period · Currency: · Invoices: Date: 2024-04-30 · Quote: An account dated April 30, 2024, for the period from March 25, 2024 to April 3, 2024 in the amount of $5,355.43, inclusive of HST and disbursements · Total: 5355.43 · Period end: 2024-04-03 · Period start: 2024-03-25 · Firm text: Albert Gelman Inc. · Firm quote: This report (the ' First Report ') is filed by Albert Gelman Inc. (' AGI ') , in its capacity as receiver and manager · Context quote: Albert Gelman Inc. (' AGI ') , in its capacity as receiver and manager (in such capacities, the ' Receiver '); Form: prose · Rows: · Money: Approximate: false · Period: Kind: unstated · Approval: State: unstated · Averages: — · Currency: · Invoices: · Firm text: Kestenberg Litigation LLP · Firm quote: TD and its counsel, Kestenberg Litigation LLP (' Kestenberg ') · Context quote: corresponding extensively with A&B and TD and its counsel, Kestenberg Litigation LLP (' Kestenberg ') , regarding all aspects of this mandate
Recovery outcomeEntries: per estimated · Stated on: 2024-10-03 · Table missing:
Secured creditors$250K · Note: Identified via title subsearch conducted February 21, 2024 as the only other encumbrance on title besides the TD mortgage; ranks behind TD's security. · Page: 6 · As of: 2024-02-21 · Debtor: 1000108549 Ontario Inc. · Creditor: Syed Fazil Abbas · Security: Subsequent mortgage registered on title to the Real Properties
Secured creditors$4.19M · Note: Includes principal and interest as at February 1, 2024, with interest and costs continuing to accrue · Page: 1 · As of: 2024-02-01 · Debtor: 1000108549 Ontario Inc. · Creditor: Toronto Dominion Bank · Security: Security held by TD over the Property of the Debtor (basis of appointment application)
Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/1000108549-ontario-inc
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