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.
11282751 Canada Inc. et al. (170 Burton)
- 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
- Industry
- Retail · Gas stations & convenience stores
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.
Order of Justice Conway dated March 15, 2024 (sale process approval) was filed.
Source: Order of Justice Conway dated March 15, 2024 (sale process approval)
Appointed Rosen Goldberg Inc. receiver of 11282751 Canada Inc. under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act.
Motion Record of the Receiver returnable March 15, 2024 (sale process approval) — Application / notice of application
Debtor
11282751 Canada Inc. et al. (170 Burton)
Receiver
Rosen Goldberg
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Conway | Ontario Superior Court of Justice | 2 orders, Mar 2024 | 310 cases on record |
| Justice Osborne | Ontario Superior Court of Justice | 2 orders, Feb 2024 | 168 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverRosen Goldberg | Manis Law | 9 Feb 2024 | Order · 15 Mar 2024 |
| Applicant | Chaitons LLP | 9 Feb 2024 | Order · 9 Feb 2024 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | 2489876 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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See all plans“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 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
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 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 2024 | not stated | Approved11 Jun 2024 | Approval and Vesting Order dated June 11, 2024 |
| Date | Document | File |
|---|---|---|
Approval and Vesting Order dated June 11, 2024
| PDF · Subscribers | |
Factum of Receiver returnable June 11, 2024
| PDF · Subscribers | |
Motion Record of Receiver returnable June 11, 2024
| PDF · Subscribers | |
Sale Process-Teaser
| PDF · Subscribers | |
Endorsement of Justice Conway dated March 15, 2024
| PDF · Subscribers | |
Order of Justice Conway dated March 15, 2024 (sale process approval)
| PDF · Subscribers | |
Factum of Receiver (sale approval)
| PDF · Subscribers | |
Appointment Order dated February 9, 2024
| PDF · Subscribers | |
Endorsement of Justice Osborne dated February 9, 2024
| PDF · Subscribers | |
Motion Record of the Receiver returnable March 15, 2024 (sale process approval)
| PDF · Subscribers | |
Application Record Returnable February 9, 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., “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