1000179473 Ontario Inc and 2724393 Ontario Inc.
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C-43, as amended
- File
- CV-23-00702801-00CL
- Industry
- Retail · Gas stations & convenience stores
1000179473 Ontario Inc. and 2724393 Ontario Inc. remain in receivership, with MNP Ltd. acting as court-appointed receiver under an order made July 21, 2023 by the Ontario Superior Court of Justice (Commercial List) on the application of Canadian Western Bank, under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The bank's secured claims are estimated by the receiver at $2,642,394.31 against 1000179473 Ontario Inc. and $2,966,302.37 against 2724393 Ontario Inc. Other secured claims include $500,000 owed by 2724393 Ontario Inc. to Balwinder Singh, Bikramjit Walia and Iqbal Singh Walia, $190,200 owed by 1000179473 Ontario Inc. to BCP Service Station Limited as general partner, and $116,458 owed by 2724393 Ontario Inc. to a group of six secured parties. Parkland Corporation is listed as an unsecured creditor of both companies at $232,829.83. Court file CV-23-00702801-00CL.
The court granted an approval and vesting order for the sale to 15678072 Canada Inc. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction/waiver of closing conditions. Sealed: Confidential Appendices to the Second Report.
Source: Approval and Vesting Order dated
Order made Friday, July 21, 2023 on Canadian Western Bank's application appointed MNP Ltd. receiver of both companies under BIA s. 243(1) and CJA s. 101.
Debtor
1000179473 Ontario Inc and 2724393 Ontario Inc.
Receiver
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Steele | Ontario Superior Court of Justice | 2 orders, Jul 2023 | 245 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverMNP | Chaitons LLP | 2 Apr 2024 | Factum · 21 Jun 2024 |
| Applicant | Chaitons LLP | 21 Jul 2023 | Order · 21 Jul 2023 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Canadian Western Bank · in 83 casesEstimated amount owed as reported by Receiver — debtor: 2724393 Ontario Inc. | $2.97M | Notice and Statement of Receiver dated |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
11 more claims in 2 classes The stack holds Secured and Unsecured 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.
Sale approvedApproval and Vesting Order dated · 2 Apr 2024
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 15678072 Canada Inc.272 Corp's right, title and interest in and to the lands and premises located 181 Brant Road, St. George, Ontario · real property · agreement 12 Feb 2024 | Subscribers | Approved2 Apr 2024 | Approval and Vesting Order dated |
Canadian Western Bank: shortfall.EstimatedMotion Record dated · 19 Jun 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredCWB | Canadian Western Bank | — | shortfall | Estimatedper the receiver | Motion Record dated · 19 Jun 2024 |
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.
2 engagements · 1 firm — latest: Chaitons LLP, 1 Mar – 30 Apr 2024, in feesMotion Record dated · 20 Jun 2024
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Chaitons LLPCounsel to the receiverperiod 2 of 2 | 1 Mar – 30 Apr 2024 | Motion Record dated · 20 Jun 2024 | |||
| Chaitons LLPCounsel to the receiverperiod 1 of 2 | 13 Jul 2023 – 20 Feb 2024 | Motion Record; Returnable on March 21, 2024 dated · 19 Mar 2024 |
6 blurred figures above
What the firm billed — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Endorsement of Justice Penny dated
| PDF · Subscribers | |
Factum of the Receiver dated
| PDF · Subscribers | |
Motion Record dated
| PDF · Subscribers | |
Approval and Vesting Order dated
| PDF · Subscribers | |
Motion Record; Returnable on March 21, 2024 dated
| PDF · Subscribers | |
Sales Process Approval Motion Record
| PDF · Subscribers | |
Notice and Statement of Receiver dated
| PDF · Subscribers | |
Court Order of Appointing Receiver dated
| PDF · Subscribers | |
Endorsement of Madam Justice Steele dated
| 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., “1000179473 Ontario Inc and 2724393 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/1000179473-ontario-inc-and-2724393-ontario-inc