10603503 Canada Inc., 11393251 Canada Inc. and 11393235 Canada Inc.
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- CV-24-00000236-0000
- Industry
- Real estate · Rental & income property
The receivership under Ontario Superior Court of Justice file CV-24-00000236-0000 was opened by a receivership order made on November 20, 2024, on the court's bankruptcy and insolvency side. The proceeding is recorded as closed. The record identifies no further steps.
Court Order of Justice Derstine dated November 26, 2025 (Kepler Transaction AVO) — Approval and vesting order
Court Order of Justice Derstine dated November 26, 2025 (Patel Transaction AVO) — Approval and vesting order
Supplemental Report to the First Report of the Receiver (for motion returnable November 26, 2025) — Court officer report
Motion Record of the Receiver (for motion returnable November 26, 2025) — Application / notice of application
First Report of the Receiver (for motion returnable November 26, 2025) — Court officer report
Order made Wednesday, November 20, 2024 placed the debtor in court-appointed receivership, commencing the Ontario proceeding under court file CV-24-00000236-0000.
Source: Court Order of Justice Bloom dated November 20, 2024 (Appointment Order)
Book of Authorities of Kindred Credit Union (for motion returnable November 20, 2024) — Application / notice of application
Application Record of Kindred Credit Union (for motion returnable November 20, 2024) — Application / notice of application
Debtor
File Documents
Receiver
Albert Gelman
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Derstine | Ontario Superior Court of Justice | 4 orders, Nov 2025 | 4 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverAlbert Gelman | Spetter Zeitz Klaiman Pc | 26 Nov 2025 | Order · 26 Nov 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 casesas of HST Notice of Assessment for taxation period January 1 to November 20, 2024 — Deemed trust (HST) claim — Deemed trust class; Receiver advises Kindred Mortgages (advanced/registered before this taxation period) rank in priority to CRA on this HST Debt; no distribution to CRA expected given anticipated Kindred shortfall — debtor: 11393251 Canada Inc. | $4.55K | First Report of the Receiver (for motion returnable November 26, 2025) |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
14 more claims in 1 class The stack holds Deemed trusts (CRA and other) and 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.
Closed · the record states no distribution outcome.
| Date | Document | File |
|---|---|---|
Court Order of Justice Derstine dated November 26, 2025 (Ancillary and Discharge Order)
| PDF · Subscribers | |
Court Order of Justice Derstine dated November 26, 2025 (Kepler Transaction AVO)
| PDF · Subscribers | |
Court Order of Justice Derstine dated November 26, 2025 (Patel Transaction AVO)
| PDF · Subscribers | |
Endorsement of Justice Derstine dated November 26, 2025
| PDF · Subscribers | |
| Factum of the Receiver (for motion returnable November 26, 2025) | PDF · Subscribers | |
| Supplemental Report to the First Report of the Receiver (for motion returnable November 26, 2025) | PDF · Subscribers | |
| Motion Record of the Receiver (for motion returnable November 26, 2025) | PDF · Subscribers | |
First Report of the Receiver (for motion returnable November 26, 2025)
| PDF · Subscribers | |
Court Order of Justice Bloom dated November 20, 2024 (Appointment Order)
| PDF · Subscribers | |
Book of Authorities of Kindred Credit Union (for motion returnable November 20, 2024)
| PDF · Subscribers | |
| Factum of Kindred Credit Union (for motion returnable November 20, 2024) | PDF · Subscribers | |
| Application Record of Kindred Credit Union (for motion returnable November 20, 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., “10603503 Canada Inc., 11393251 Canada Inc. and 11393235 Canada Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/10603503-canada-inc-11393251-canada-inc-and-11393235-canada-inc