Proceedings.

1175648 Ontario Limited

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Active
Proceeding
Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
File
CV-24-00004738-0000
Filings held16
Last activity21 May 2026
On the record675 days
Secured debtSubscribers
OverviewSummary updated

1175648 Ontario Limited is the subject of an active court-appointed receivership before the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), brought under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority, under court file number CV-24-00004738-0000. No dated steps in the proceeding have been recorded on this page.

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Case updates16 dated entries

13 earlier updates, back to 15 November 2024 subscribers.

Parties

Debtor

1175648 Ontario Limited

Receiver

msi Spergel inc.

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice TrimbleOntario Superior Court of Justice2 orders, May 20257 cases on record
Justice AndreOntario Superior Court of Justice2 orders, Nov 20244 cases on record

Counsel of record

PartyCounselFirst seenSource
Receivermsi Spergel inc.Harrison Pensa LLP18 Mar 2026Factum · 18 Mar 2026
CreditorRoyal Bank of CanadaAird & Berlis LLP17 Oct 2024Application · 17 Oct 2024
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredRoyal Bank of Canada · in 556 casesGeneral Security Agreement dated November 24, 2022 over all personal property, assets and undertakings of the Debtor — Figure is from RBC's Notice of Intention to Enforce Security (BIA s.244(1)) and is stated to include the revolving demand facility, two VISA credit card facilities, lease arrangements with RBC, and HST. Earlier July 24, 2024 demand letter stated $2,736,460.38 (Revolving Demand Facility $2,509,052.99, credit card ending 0247 $196,504.57, credit card ending 4647 $30,902.82, less per diem credit). September 18, 2024 update (excluding lease/HST) stated: Revolving demand facility $ · as of 16 Sep 2024$5.31MApplication Record dated October 17, 2024 - Part 3

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.

5 more claims across lower-ranking classesSubscribe to view
Sale processAs stated in the filings

Sale approvedAuction approved and Receiver authorized to execute the Auction AgreementApproval and Vesting Order of the Honourable Justice Trimble dated May… · 27 May 2025

PurchaserPriceStatusSource
end purchasers at auction, unnamedthe Debtor's right, title and interest in and to the Property purchased by such respective Purchaser at the Auction · auctionSubscribersApproved27 May 2025Approval and Vesting Order of the Honourable…
Closing termsVesting occurs upon Auctioneer completing a sale, receipt of purchase price, and delivery of a Purchaser's Bill of SaleApproval and Vesting Order of the Honourable Justice Trimble dated May…
Documents
16 filings
DateDocumentFile
Book of Authorities of the Receiver dated May 21, 2026
  • Counsel Harrison Pensa LLP
  • Court SUPERIOR COURT OF JUSTICE
  • Court file no CV-24-00004738-0000
PDF · Subscribers
Factum of the Receiver dated May 21, 2026
  • Counsel Harrison Pensa LLP
PDF · Subscribers
Amended Notice of Motion of the Receiver dated March 23, 2026
  • Counsel Harrison Pensa LLP
PDF · Subscribers
Motion Record of the Receiver dated March 20, 2026PDF · Subscribers
Book of Authorities of the Receiver dated March 18, 2026
  • Counsel Harrison Pensa LLP
PDF · Subscribers
Factum of the Receiver dated March 18, 2026
  • Counsel Harrison Pensa LLP
PDF · Subscribers
Ancillary Order of the Honourable Justice Trimble dated May 27, 2025
  • Presiding officer Justice Trimble
PDF · Subscribers
Approval and Vesting Order of the Honourable Justice Trimble dated May 27, 2025
  • Closing terms Vesting occurs upon Auctioneer completing a sale, receipt of purchase price, and delivery of a Purchaser's Bill of Sale
  • Purchaser end purchasers at auction, unnamed · the Debtor's right, title and interest in and to the Property purchased by such respective Purchaser at the Auction · auction · approved
  • Sale advisor Ritchie Bros. Auctioneers (Canada) Ltd. (auctioneer)
  • Sale outcome Sale approved — Auction approved and Receiver authorized to execute the Auction Agreement
  • + 1 more extracted fact
PDF · Subscribers
Endorsement of the Honourable Justice Trimble dated May 27, 2025
  • Presiding officer Justice Trimble
PDF · Subscribers
Motion Record of the Receiver dated April 16, 2025
PDF · Subscribers
Endorsement of the Honorable Justice Andre dated November 15, 2024
  • Presiding officer Justice Andre
PDF · Subscribers
Receivership Order dated November 15, 2024
  • Applicant Royal Bank of Canada
  • Appointee msi Spergel inc.
  • Appointee role receiver
  • Commencement date 15 November 2024
  • + 5 more extracted facts
PDF · Subscribers
Factum of Royal Bank of Canada dated November 5, 2024
  • Counsel Aird & Berlis LLP
PDF · Subscribers
Application Record dated October 17, 2024 - Part 1PDF · Subscribers
Application Record dated October 17, 2024 - Part 2
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Application Record dated October 17, 2024 - Part 3
  • Counsel Aird & Berlis LLP
  • 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., “1175648 Ontario Limited” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/1175648-ontario-limited

Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/1175648-ontario-limited

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.

1175648 Ontario Limited — Receivership | Proceedings.