Proceedings.

11282751 Canada Inc. et al. (170 Burton)

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Proceeding
Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
File
CV-24-00712796-00CL
Filings held11
Last activity11 Jun 2024
On the record999 days
OverviewSummary updated

11282751 Canada Inc. has been in court-appointed receivership since February 10, 2024, when the Ontario Superior Court of Justice (Commercial List) appointed Rosen Goldberg Inc. receiver on the application of C & K Mortgage Services Inc. o/a Rescom Capital and Canadian Western Trust Company under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The applicants hold a first-position charge of $4,400,000 over the Burton Property registered December 14, 2021, which matured January 1, 2024, together with a general security agreement dated November 26, 2021 and a general assignment of rents. Charges held by 2489876 Ontario Inc. and Suncor Energy Inc. were postponed to it in December 2021. Steven and Debra Gallen registered a $5,150,000 charge in August 2023 and took over operation of the gas station and convenience store after the borrower abandoned the premises.

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Case updates11 dated entries
#Sale

The court granted an approval and vesting order for the sale to Jenco Technologies Inc. Closing terms, as extracted: Vesting is effective upon delivery by the Receiver to the Purchaser of a Receiver's Certificate confirming payment of the Purchase Price, satisfaction or waiver of the closing conditions, and completion of the Transaction to the Receiver's satisfaction.

Source: Approval and Vesting Order dated June 11, 2024

Parties

Debtor

11282751 Canada Inc. et al. (170 Burton)

Receiver

Rosen Goldberg

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice ConwayOntario Superior Court of Justice2 orders, Mar 2024310 cases on record
Justice OsborneOntario Superior Court of Justice2 orders, Feb 2024168 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverRosen GoldbergManis Law9 Feb 2024Order · 15 Mar 2024
ApplicantChaitons LLP9 Feb 2024Order · 9 Feb 2024
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
Secured2489876 Ontario Inc.$3,500,000 charge/mortgage registered June 28, 2019, Instrument SC1605213 (the '248 Charge') — Postponed in priority to the Lenders' Charge pursuant to Postponement of Interest registered Dec 15, 2021, Instrument SC1853573; amount shown is registered principal, not a stated balance — debtor: 11282751 Canada Inc.—Application Record Returnable February 9, 2024
Secured
Secured
Secured
Secured

4 more claims in 1 class The stack holds Secured claims.

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“not stated” means the record names the claim without a figure; “—” means not in the extracted record.

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 processAs stated in the filings

Sale approved — The Court approved the Transaction between the Receiver and Jenco Technologies Inc. and ordered that the Purchased Assets vest in the Purchaser upon delivery of the Receiver's Certificate.Approval and Vesting Order dated June 11, 2024 · 11 Jun 2024

Bid deadline (round closed)

26 April 2024

Sale Process-Teaser

PurchaserPriceStatusSource
Jenco Technologies Inc.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (Purchased Assets), being the real property at 170 Burton Avenue, Barrie, Ontario · asset sale · agreement 6 Apr 2024not statedApproved11 Jun 2024Approval and Vesting Order dated June 11, 2024
Closing termsVesting is effective upon delivery by the Receiver to the Purchaser of a Receiver's Certificate confirming payment of the Purchase Price, satisfaction or waiver of the closing conditions, and completion of the Transaction to the Receiver's satisfaction.Approval and Vesting Order dated June 11, 2024
Documents
11 filings
DateDocumentFile
Approval and Vesting Order dated June 11, 2024
  • Closing terms Vesting is effective upon delivery by the Receiver to the Purchaser of a Receiver's Certificate confirming payment of the Purchase Price, satisfaction or waiver of the closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Counsel Manis Law
  • Order date 11 June 2024
  • Presiding officer Justice W.D. Black
  • + 3 more extracted facts
PDF · Subscribers
Factum of Receiver returnable June 11, 2024
  • Counsel Manis Law
PDF · Subscribers
Motion Record of Receiver returnable June 11, 2024
  • Counsel Manis Law
PDF · Subscribers
Sale Process-Teaser
  • Bid deadline 26 April 2024
  • Sale outcome Marketed — Receiver invites written offers for the purchase of the fuel station with convenience store and car wash in Barrie, Ontario, free and clear of encumbrances, subject to court approval.
  • Break fee · Stalking horse Subscribers
PDF · Subscribers
Endorsement of Justice Conway dated March 15, 2024
  • Presiding officer Justice Conway
PDF · Subscribers
Order of Justice Conway dated March 15, 2024 (sale process approval)
  • Counsel Manis Law
  • Order date 15 March 2024
  • Presiding officer Justice Conway
  • Sale outcome Sale process approved — the sale process and procedures described in the First Report are hereby approved
  • + 1 more extracted fact
PDF · Subscribers
Factum of Receiver (sale approval)
  • Counsel Manis Law
PDF · Subscribers
Appointment Order dated February 9, 2024
  • Applicant C & K MORTGAGE SERVICES INC. o/a RESCOM CAPITAL and CANADIAN WESTERN TRUST COMPANY
  • Appointee Rosen Goldberg Inc.
  • Appointee role receiver
  • Commencement date 10 February 2024
  • + 6 more extracted facts
PDF · Subscribers
Endorsement of Justice Osborne dated February 9, 2024
  • Presiding officer Justice Osborne
PDF · Subscribers
Motion Record of the Receiver returnable March 15, 2024 (sale process approval)
  • Applicant C & K MORTGAGE SERVICES INC. o/a RESCOM CAPITAL and CANADIAN WESTERN TRUST COMPANY
  • Commencement date 8 March 2024
  • Counsel Manis Law
  • Court SUPERIOR COURT OF JUSTICE
  • + 2 more extracted facts
PDF · Subscribers
Application Record Returnable February 9, 2024
  • Applicant C & K MORTGAGE SERVICES INC. o/a RESCOM CAPITAL
  • Appointee Rosen Goldberg Inc.
  • Appointee role Proposed Receiver
  • Commencement date 7 February 2024
  • + 5 more extracted facts
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., “11282751 Canada Inc. et al. (170 Burton)” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/11282751-canada-inc-et-al-170-burton

Sources last checked · summary updated 1 September 2026 · Report a correction · Printed from proceedings.ca/case/11282751-canada-inc-et-al-170-burton

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.