14142471 Canada Inc. has been in court-appointed receivership in Ontario since March 21, 2025, with MNP appointed Receiver on the application of the Business Development Bank of Canada under subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The proceeding is before the Ontario Superior Court of Justice (Commercial List) under court file CV-25-00738176-00CL and remains active. BDC holds a first charge/mortgage of land in the principal amount of $1,460,000 registered July 25, 2022, together with an assignment of rents and a general security agreement dated July 13, 2022; it issued a demand on April 19, 2024 and a notice of sale on July 25, 2024. Second and third charges of $100,000 and $70,000 are registered to 2600526 Ontario Ltd., which has also issued a notice of sale, and to Carmine Via.
The court granted an approval and vesting order for the sale to Caribbean African Canadian Social Services. Closing terms, as extracted: Vesting is effective upon delivery of the Receiver's Certificate confirming payment of Purchase Price and satisfaction of closing conditions.
Source: Approval and Vesting Order
Notice of Application issued in the Ontario Superior Court (Commercial List), commencing the receivership proceeding against 14142471 Canada Inc. under Court File No. CV-25-00738176-00CL.
Debtor
14142471 Canada Inc.
Receiver
MNP
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Business Development Bank of Canada (BDC) · in 251 casesFirst Charge/Mortgage of Land, principal amount $1,460,000, registered July 25, 2022 as Instrument No. AT6139942; Assignment of Rents registered July 25, 2022 as Instrument No. AT6140224; General Security Agreement dated July 13, 2022 — Amount is original principal advanced/registered mortgage amount, not necessarily current outstanding balance (Payout Balances (Detail) exhibit exists at Tab X but figures not provided on these pages); demand issued April 19, 2024; Notice of Sale issued July 25, 2024 — debtor: 14142471 Canada Inc. · as of 11 Jul 2022 | $1.46M | Application Record - Appointment of a Receiver |
| Secured | |||
| Secured |
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See all plansThis 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 approvedApproval and Vesting Order · 3 Feb 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Caribbean African Canadian Social Servicesthe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · agreement 27 Oct 2025 | not stated | Approved3 Feb 2026 | Approval and Vesting Order |
| Date | Document | File |
|---|---|---|
Ancillary Order
| PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
Application Record - Appointment of a 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., “14142471 Canada Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/14142471-canada-inc
Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/14142471-canada-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.