1434399 Ontario Inc.
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- CV-23-00082432-0000
- Industry
- Hospitality & leisure · Recreation & fitness
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.
Order made Thursday, September 28, 2023 appointed a receiver over the company under BIA s. 243 and provincial Judicature Act authority, commencing the proceeding.
Endorsement of the Honourable Justice Goodman dated September 28, 2023 — Endorsement / reasons
Debtor
1434399 Ontario Inc.
Receiver
msi Spergel inc.
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Sheard | Ontario Superior Court of Justice | 3 orders, May 2025 | 16 cases on record |
| Justice Goodman | Ontario Superior Court of Justice | 2 orders, Sep 2023 | 14 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 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 584 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 |
1 more claim in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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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.
Closed · the record states no distribution outcome.
| Date | Document | File |
|---|---|---|
Ancillary and Sealing Order of the Honourable Justice Sheard dated May 27, 2025
| PDF · Subscribers | |
Approval and Vesting Order of the Honourable Justice Sheard dated May 27, 2025
| PDF · Subscribers | |
Discharge Order of the Honourable Justice Sheard May 27, 2025
| PDF · Subscribers | |
| Book of Authorities of the Receiver dated May 16, 2025 | PDF · Subscribers | |
Motion Record of the Receiver dated April 10, 2025
| PDF · Subscribers | |
Endorsement of the Honourable Justice Goodman dated September 28, 2023
| PDF · Subscribers | |
Receivership Order of the Honourable Justice Goodman dated September 28, 2023 effective October 13, 2023
| PDF · Subscribers | |
Service List as of September 13, 2023
| PDF · Subscribers | |
Supplementary Affidavit of Jason Gagnon sworn September 13, 2023
| PDF · Subscribers | |
| Book of Authorities of RBC dated August 14, 2023 | PDF · Subscribers | |
Factum of RBC dated August 14, 2023
| PDF · Subscribers | |
Application Record of RBC dated August 4, 2023
| 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., “1434399 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/1434399-ontario-inc