1414614 Ontario Inc. (Ottawa Trainyards)
Follow- Proceeding
- Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act and Section 101 of the Courts of Justice Act
- File
- CV-24-00095165-0000
1414614 Ontario Inc. (Ottawa Trainyards) is in a court-appointed receivership brought by The Manufacturers Life Insurance Company under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, with Grant Thornton Limited named proposed receiver and appointed receiver and manager on April 30, 2024. The Receiver reported it had not been provided with the company's books and records, and so had neither the net book value of its assets nor a complete list of creditors; a November 9, 2018 appraisal by Juteau Johnson Comba Inc. had estimated the real property at $117,000,000, but the Receiver could not verify that figure. The Manufacturers Life Insurance Company is listed as a secured creditor for $39,461,073.37 under a PPSA registration against the company and the land, alongside a PPSA registration held by the Bank of Montreal.
The officer filed report no. Supplemental Report to the First Report of the Receiver. The Receiver is winding down the receivership, transitioning control of the Debtor's operations back to Controlex, and is satisfied that creditors are being paid in the normal course, concluding there is no further need for the receivership to continue.
Source: Supplemental to First Report of the Receiver date July 8, 2024.pdf
On April 30, 2024, the Ontario Superior Court of Justice appointed Grant Thornton Limited receiver and manager of 1414614 Ontario Inc. on The Manufacturers Life Insurance Company's application.
Debtor
1414614 Ontario Inc. (Ottawa Trainyards)
Receiver
Doane Grant Thornton
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Hooper | Ontario Superior Court of Justice | 2 orders, Jul 2024 | 1 case on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Applicant | Miller Thomson LLP | 4 Jun 2024 | Order · 4 Jun 2024 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | The Manufacturers Life Insurance Company · in 7 casesPPSA registration against the Company and/or the Land — Receiver makes no acknowledgement concerning amounts owing or security claimed; amount from creditors list. — debtor: 1414614 Ontario Inc. | $39.5M | Notice and Statement of the Receiver dated June 25, 2024.pdf |
| 4 | Secured | Bank of Montreal · in 279 casesPPSA registration against the Company and/or the Land — Nominal placeholder amount ($1.00); Receiver has not been provided books and records and makes no acknowledgement of amounts owing or security claimed. — debtor: 1414614 Ontario Inc. | $1 | Notice and Statement of the Receiver dated June 25, 2024.pdf |
| 8 | Unsecured | Canada Revenue Agency · in 926 casesNominal placeholder amount ($1.00); Receiver lacks Company's books and records so full amount is not stated. — debtor: 1414614 Ontario Inc. | $1 | Notice and Statement of the Receiver dated June 25, 2024.pdf |
| 8 | Unsecured | City of Ottawa · in 11 casesNominal placeholder amount ($1.00); Receiver lacks Company's books and records so full amount is not stated. — debtor: 1414614 Ontario Inc. | $1 | Notice and Statement of the Receiver dated June 25, 2024.pdf |
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.
Cash on hand
$40M
As at 8 Jul 2024Supplemental to First Report of the Receiver date July 8, 2024.pdf
Professional fees to date
$92.6K
As at 8 Jul 2024Supplemental to First Report of the Receiver date July 8, 2024.pdf
| Date | Document | File |
|---|---|---|
Endorsement of Justice Hooper dated July 12, 2024.pdf
| ||
Motion Record returnable July 12, 2024.pdf
| ||
Order of Justice Hooper dated July 12, 2024.pdf
| ||
Supplemental to First Report of the Receiver date July 8, 2024.pdf
| ||
| First Report of the Receiver dated July 3, 2024.pdf | ||
Notice and Statement of the Receiver dated June 25, 2024.pdf
| ||
Applicant record returnable June 4, 2024.PDF
| ||
| Factum returnable June 4, 2024.PDF | ||
Order of Justice Nadeau Appointing Receiver dated June 4, 2024.pdf
| ||
| Affidavit of James Scarrow sworn March 22, 2024.PDF | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “1414614 Ontario Inc. (Ottawa Trainyards)” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/1414614-ontario-inc-ottawa-trainyards