1000193106 Ontario Incorporated
Follow- Proceeding
- Receivership (court-appointed)SUBSECTION 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-25-00000030-0000
1000193106 Ontario Incorporated has been under court-appointed receivership since March 18, 2025, on an application under section 243 of the BIA. The Receiver reports $2,864,000 owed to Bank of Montreal, the sole secured creditor it has quantified, and states it was unable to compile a list of other creditors. The Bank's November 28, 2024 demand letter put the combined Loans at approximately $2,700,000, comprising a non-revolving demand real estate mortgage loan of $2,730,000 original principal, a Mastercard facility limited to $40,000 that stood at $64,885.77 when cancelled on December 9, 2024, and a $94,000 demand revolving overdraft; arrears alone were $193,210.01 as of December 16, 2024. BMO holds a General Security Agreement dated October 6, 2022 and a $2,864,000 charge over 8936 Wellington County Road 124, Guelph, registered November 3, 2022 as instrument WC689202, together with joint and several personal guarantees from sole director Shameema Yasmeen and her spouse Mohammed Mahmood Quaraishi. PPSA registrations by McDougall Energy Inc., Journey Capital Inc. and Canacap rank behind the Bank's prior registration.
Motion record-approval of sale was filed. Court file CV-25-00000030-0000.
Source: Motion record-approval of sale
3 earlier updates, back to 22 January 2025 — subscribers.
Debtor
1000193106 Ontario Incorporated
Applicant
BMO
Receiver
Rosen Goldberg
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice McGee | Ontario Superior Court of Justice | 1 order, Mar 2026 | 5 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverRosen Goldberg | Torkin Manes LLP | 17 Mar 2026 | Order · 17 Mar 2026 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Bank of Montreal (BMO) · in 279 casesBMO General Security Agreement dated October 6, 2022; BMO charge/mortgage registered against the Real Property (PIN 71177-0086) on November 3, 2022 in the registered principal amount of $2,702,267.48 (registration/principal amount, not outstanding balance) — BMO's demand letter and Notice of Intention to Enforce Security dated November 28, 2024 stated indebtedness of approximately $2.7 million (prose approximation superseded by the March 3, 2026 balance advised to the Receiver). Shameena Yasmeen and Mohammed Quaraishi are listed as personal guarantors on the service list. BMO holds first mortg · as of 3 Mar 2026 | $2.96M | Motion record-approval of sale |
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.
Sale approved — Transaction approved by the CourtOrder approving sale · 17 Mar 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Brucedale Mobility Ltd.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Real Property') · real property · nominee/assignee: Brucedale Mobility Ltd., as nominee of Bayview Mobility Ltd. · agreement 29 Oct 2025 | not stated | Approved17 Mar 2026 | Order approving sale |
Bank of Montreal: shortfall.EstimatedMotion record-approval of sale · 6 Mar 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Bank of Montreal | — | shortfallconditional | Estimatedper the receiver | Motion record-approval of sale · 6 Mar 2026 |
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.
| Date | Document | File |
|---|---|---|
Order approving sale
| PDF · Subscribers | |
Motion record-approval of sale
| PDF · Subscribers | |
Receiver's initial report
| PDF · Subscribers | |
Court Order appointing Receiver
| PDF · Subscribers | |
Application record
| 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., “1000193106 Ontario Incorporated” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/1000193106-ontario-incorporated