1000171168 Ontario Inc. (Real Property)

1000171168 Ontario Inc. (Real Property) has been in court-appointed receivership since July 5, 2024, when the Ontario Superior Court of Justice appointed TDB Restructuring Limited, by its representative Bryan Tannenbaum, as receiver on the application of Port Severn Heights Inc. under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, in court file CV-24-00713711-0000. Port Severn Heights asserts secured indebtedness of $6,798,972.80, with per diem interest of $691.95, and is also the purchaser under an agreement of purchase and sale by way of credit bid. A registered charge of $4,000,000.00 stands in favour of 1000080373 Ontario Inc. The receiver has borrowed $225,000.00 under receiver's certificates against a court-authorized limit of $250,000.00, and Port Severn Heights is the lender under those borrowings.