Proceedings.

1073650 Ontario Inc. et al.

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Proceeding
Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
Court
Ontario Superior Court of Justice
File
33-165775
Industry
Real estate
Filings held13
Last activity10 Nov 2025
On the record757 days
OverviewSummary updated

1073650 Ontario Inc. et al. are in a court-appointed receivership commenced on 9 October 2024 in the Ontario Superior Court of Justice, with MNP Ltd. as receiver on the application of Heliotrope Investment Corporation, under subsections 245(1) and 246(1) of the Act. Secured claims stated include $5,702,785 and $4,701,443 held by the majority creditors, and the largest unsecured claims stated are $600,000 to Ben Chalmers and $491,945.96 to Canadian Western Trust. The proceeding is carried on court files 33-165775 and 33-165834.

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Case updates13 dated entries
Parties

Debtor

1073650 Ontario Inc.

Debtor

1324789 Ontario Inc.

Debtor

2290998 Ontario Inc.

Receiver

MNP

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice HacklandOntario Superior Court of Justice3 orders, Feb 2024 – Oct 20258 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverMNPOstroff Law9 Sep 2024Application · 9 Sep 2024
CreditorBenjamin ChalmersMenlove Law Professional Corporation9 Sep 2024Application · 9 Sep 2024
CreditorHeliotrope Investment CorporationParis & Company4 Oct 2024Factum · 4 Oct 2024
CreditorRichard PaukstaitusLittle & Bonham LLP9 Sep 2024Application · 9 Sep 2024
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
3Deemed trusts (CRA and other)Canada Revenue Agency · in 985 casesas of to the date of the Receivership (February 16, 2024) — Priority claim, deemed-trust class (unremitted HST collected but not remitted); not a mortgage/secured claim; per CRA letter dated May 7, 2024 (Appendix 18 of First Report). — debtor: 1073650 Ontario Inc. (107 ONT)$49.2KSecond Motion Record
3Deemed trusts (CRA and other)
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured

23 more claims in 3 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

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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.

RecoveriesAs stated in the filings

Unsecured creditors: not yet estimated.Second Motion Record · 10 Nov 2025

ClassCreditorClaimsRecoveryBasisSource
UnsecuredMagenta group creditors—not yet estimatedconditionalper the trusteeSecond Motion Record · 10 Nov 2025

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.

Documents
13 filings
DateDocumentFile
Second Motion Record
  • Applicant HELIOTROPE INVESTMENT CORPORATION
  • Appointee MNP LTD.
  • Appointee role receiver and manager
  • Commencement date 10 November 2025
  • + 6 more extracted facts
PDF · Subscribers
October 9, 2025 - Order
  • Commencement date 9 October 2024
  • Court ONTARIO SUPERIOR COURT OF JUSTICE
  • Court file no 33-165775
  • Presiding officer Justice Charles Hackland
  • + 1 more extracted fact
PDF · Subscribers
Order
  • Presiding officer Justice Hackland
PDF · Subscribers
Factum
  • Counsel Paris & Company
PDF · Subscribers
Motion Record
  • Applicant HELIOTROPE INVESTMENT CORPORATION
  • Appointee MNP Ltd.
  • Appointee role Court Appointed Receiver
  • Commencement date 9 September 2024
  • + 4 more extracted facts
PDF · Subscribers
Receivership CertificatePDF · Subscribers
Receivership CertificatePDF · Subscribers
Receivership CertificatePDF · Subscribers
Notice of the Statement of the Receiver
Subscribers
PDF · Subscribers
Notice of the Statement of the Receiver
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Notice of the Statement of the Receiver
Subscribers
PDF · Subscribers
Appointment Order
  • Presiding officer Justice Hackland
PDF · Subscribers
First Report
  • Commencement date 16 February 2024
  • Financial position · Secured creditors Subscribers
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., “1073650 Ontario Inc. et al.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/1073650-ontario-inc

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Sources last checked · summary updated 3 September 2026 · Report a correction · Printed from proceedings.ca/case/1073650-ontario-inc

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.