#Order
Court appointed MNP Ltd. receiver on the application of second mortgagee Paradise Media, Ltd., fixing the date on which secured claims were stated.
Source: Court Order of Honourable Justice L. Sheard for Appointing Receiver
1083 Main St. Inc.
ActiveFollow
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-24-00087494-0000
- Industry
- Real estate · Rental & income property
OverviewSummary updated
1083 Main St. Inc. is in court-appointed receivership in Ontario, with MNP Ltd. acting as receiver under an order made December 10, 2024 by the Ontario Superior Court of Justice under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, on the application of second mortgage creditor Paradise Media, Ltd., owed $9,257,470.86 as at that date under a security agreement executed June 15, 2021. Equitable Bank ranks ahead as first mortgage creditor, owed $17,000,000 as at the appointment date. The receiver reports the Property carries an unaudited book value exceeding $20.0 million as at December 20, 2024. The proceeding is active under court file CV-24-00087494-0000. Listed unsecured claims include CRA, flagged as a potential deemed trust claim, GWA Security Services at $23,576.69, Premium Construction at $14,125 and Temp Logic Ltd. at $11,127, alongside a dozen trade creditors whose amounts are recorded as unknown.
Proceedings AIOpen Proceedings AI
Case updates3 dated entries
Parties
Debtor
1083 Main St. Inc.
Receiver
MNP
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Sheard | Ontario Superior Court of Justice | 2 orders, Dec 2024 | 16 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorEquitable Bank | Aird & Berlis LLP | 10 Dec 2024 | Order · 10 Dec 2024 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Equitable Bank · in 18 casesFirst secured mortgage creditor; amount as stated in Notice and Statement of the Receiver at date of receivership appointment — debtor: 1083 Main Street Inc. · as of 10 Dec 2024 | $17M | Notice and Statement of Receiver |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
23 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 plansEstate financialsReported figures — never derived
Total assets at filing
As at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plansDocuments3 filings
| Date | Document | File |
|---|---|---|
Court Order of Honourable Justice L. Sheard for Appointing Receiver
| PDF · Subscribers | |
Endorsement of Honourable Justice L. Sheard
| PDF · Subscribers | |
Notice and Statement of Receiver
| 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., “1083 Main St. Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/1083-main-st-inc