#Order
Ancillary and Sealing Order of the Honourable Justice Sheard dated May 27, 2025 — Order (other)
1434399 Ontario Inc.
FollowClosed
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- CV-23-00082432-0000
Filings held12
Last activity27 May 2025
On the record1,089 days
Secured debt$1.34M
OverviewSummary updated
1434399 Ontario Inc. was placed into court-appointed receivership on September 28, 2023, by order of the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding carries court file number CV-23-00082432-0000 and was commenced in Ontario. The receivership order is the only step recorded in the file, and the proceeding is now closed.
Proceedings AIAsk this case — answers cite the filings
Case updates12 dated entries
#Order
Approval and Vesting Order of the Honourable Justice Sheard dated May 27, 2025 — Order (other)
#Order
Order made Thursday, September 28, 2023 appointed a receiver over the company under BIA s. 243 and provincial Judicature Act authority, commencing the proceeding.
#Order
Endorsement of the Honourable Justice Goodman dated September 28, 2023 — Endorsement / reasons
Parties
Debtor
1434399 Ontario Inc.
Receiver
msi Spergel inc.
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Sheard | Ontario Superior Court of Justice | 3 orders, May 2025 | 14 cases on record |
| Justice Goodman | Ontario Superior Court of Justice | 2 orders, Sep 2023 | 13 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Receivermsi Spergel inc. | Minden Gross LLP | 13 Sep 2023 | Service list · 13 Sep 2023 |
| CreditorRoyal Bank of Canada | Harrison Pensa LLP | 14 Aug 2023 | Factum · 14 Aug 2023 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 556 casesGeneral Security Agreement dated January 28, 2020 (all personal property, perfected by PPSA registrations); Charge/Mortgage of Land, principal sum $1,200,000.00, instrument NR534531, registered February 12, 2020, over 14 James St., St. Catharines (PIN 46219-0114 LT), governed by Standard Charge Terms 20015; facility limits underlying the balance: Term Loan facility limit $1,200,000, Revolving Demand Facility limit $10,000, Credit Card Facility limit $20,000, HASCAP Term Loan facility $100,000, CEBA loan advanced $60,000 (facility limits/original advances, not balances) — Exact dated balance pe · as of 13 Jun 2023 | $1.34M | Application Record of RBC dated August 4, 2023 |
| 8 | Unsecured | City of St. Catharines · in 4 casesProperty tax arrears on the Real Property; classified as a 'Priority Claim' ranking ahead of the Bank's Security per definition in the Forbearance Agreement (realty taxes named as priority claim). Amount is disputed by the Borrower per Forbearance Agreement recital C(b). Tax certificate also shows total outstanding (including current levy) of $27,702.88 as of the certificate date, but the 2022 arrears figure of $17,827.54 is the specific amount referenced in the loan documents as the Property Tax Arrears/Default. — debtor: 1434399 Ontario Inc. · as of 2 Apr 2023 | $17.8K | Application Record of RBC dated August 4, 2023 |
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.
RecoveriesAs stated in the filings
Closed · the record states no distribution outcome.
Documents
12 filings
| Date | Document | File |
|---|---|---|
Ancillary and Sealing Order of the Honourable Justice Sheard dated May 27, 2025
| ||
Approval and Vesting Order of the Honourable Justice Sheard dated May 27, 2025
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Discharge Order of the Honourable Justice Sheard May 27, 2025
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| Book of Authorities of the Receiver dated May 16, 2025 | ||
| Motion Record of the Receiver dated April 10, 2025 | ||
Endorsement of the Honourable Justice Goodman dated September 28, 2023
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Receivership Order of the Honourable Justice Goodman dated September 28, 2023 effective October 13, 2023
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Service List as of September 13, 2023
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| Supplementary Affidavit of Jason Gagnon sworn September 13, 2023 | ||
| Book of Authorities of RBC dated August 14, 2023 | ||
Factum of RBC dated August 14, 2023
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Application Record of RBC dated August 4, 2023
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Filing titles, dates, and extracted key facts are public.
CiteProceedings., “1434399 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/1434399-ontario-inc