1414614 Ontario Inc. (Ottawa Trainyards)
- 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
- Industry
- Real estate · Rental & income property
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 |
|---|---|---|---|
| ReceiverDoane Grant Thornton | BAKER & McKENZIE LLP | 12 Jul 2024 | Order · 12 Jul 2024 |
| 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 | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
3 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
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.
Cash on hand
$40M
As at 8 Jul 2024Supplemental to First Report of the Receiver date July 8, 2024.pdf
Professional fees
As at
1 more reported figure
Each one as the filing states it, with its source.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plans| Date | Document | File |
|---|---|---|
Endorsement of Justice Hooper dated July 12, 2024.pdf
| PDF · Subscribers | |
Order of Justice Hooper dated July 12, 2024.pdf
| PDF · Subscribers | |
Supplemental to First Report of the Receiver date July 8, 2024.pdf
| PDF · Subscribers | |
First Report of the Receiver dated July 3, 2024.pdf
| PDF · Subscribers | |
Motion Record returnable July 12, 2024.pdf
| PDF · Subscribers | |
Notice and Statement of the Receiver dated June 25, 2024.pdf
| PDF · Subscribers | |
Order of Justice Nadeau Appointing Receiver dated June 4, 2024.pdf
| PDF · Subscribers | |
Applicant record returnable June 4, 2024.PDF
| PDF · Subscribers | |
| Factum returnable June 4, 2024.PDF | PDF · Subscribers | |
| Affidavit of James Scarrow sworn March 22, 2024.PDF | 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., “1414614 Ontario Inc. (Ottawa Trainyards)” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/1414614-ontario-inc-ottawa-trainyards