1526400 Ontario Inc. and 2240439 Ontario Inc.
- Proceeding
- Receivership (court-appointed)subsection 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended, and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CV-22-00690513-00CL
- Industry
- Retail · Gas stations & convenience stores
A court-appointed receivership was commenced in Ontario on December 1, 2022 by a receivership order of the Superior Court of Justice under section 243 of the Bankruptcy and Insolvency Act, in Court File No. CV-22-00690513-00CL. The proceeding remains active. The record before us does not identify the debtor or any subsequent steps.
Motion Record of the Receiver (for motion returnable June 16, 2025) — Application / notice of application
The officer filed a report. The receivership's operational activities (property sales, distribution to secured lenders, and assignment of both Companies into bankruptcy) are complete; the Receiver is now finalizing tax matters and fee accruals in order to complete remaining administrative activities and be discharged.
Source: Receiver’s Third Report to Court (for motion returnable June 16, 2025)
Receiver’s Supplementary Report to the Second Report (for motion returnable November 29, 2023) — Court officer report
The officer filed report no. Second Report. The Receiver completed and closed the sales of both the Cherrycrest Property and Airport Road Property, distributed proceeds to secured and priority creditors, and is now seeking to assign both companies into bankruptcy given their insolvency due to significant tax liabilities.
Source: Receiver’s Second Report to Court (for motion returnable October 25, 2023)
Motion Record of the Receiver (for motion returnable October 25, 2023) — Application / notice of application
The court granted an approval and vesting order for the sale to 2484460 Ontario Inc. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction/waiver of closing conditions.
Source: Approval and Vesting Order of Justice Steele dated July 19, 2023 (12016 Airport Road, Caledon)
The court granted an approval and vesting order for the sale to 1000567934 Ontario Inc. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction of closing conditions.
Source: Approval and Vesting Order of Justice Steele dated July 19, 2023 (35 Cherrycrest Drive, Brampton)
Motion Record of the Receiver (for motion returnable July 19, 2023) (2 of 2) — Application / notice of application
Motion Record of the Receiver (for motion returnable July 19, 2023) (1 of 2) — Application / notice of application
Receiver’s First Report to Court (for motion returnable July 19, 2023) — Court officer report
Receivership order granted Thursday, December 1, 2022, opening the Ontario proceeding under Court File No. CV-22-00690513-00CL.
Source: Receivership Appointment Order of Justice Kimmel dated December 1, 2022
Application Record of 2046245 Ontario Inc., 2222228 Ontario Inc., 2473560 Ontario Inc. and 2473441 Ontario Inc. (for motion returnable December 1, 2022) was filed. Court file CV-22-00690513-00CL.
Debtor
File Documents
Receiver
Albert Gelman
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Steele | Ontario Superior Court of Justice | 4 orders, Jul 2023 | 245 cases on record |
| Justice Dietrich | Ontario Superior Court of Justice | 2 orders, Jun 2025 | 132 cases on record |
| Justice Penny | Ontario Superior Court of Justice | 2 orders, Nov 2023 | 196 cases on record |
| Justice Kimmel | Ontario Superior Court of Justice | 2 orders, Dec 2022 | 198 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverAlbert Gelman | Paliare Roland Rosenberg Rothstein LLP | 19 Jul 2023 | Factum · 14 Jul 2023 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (HST deemed trust) · in 985 casesDeemed trust portion of unpaid HST — Deemed trust class - ranks in priority to claims, secured or otherwise, of all creditors; total unpaid HST claimed was $194,053.88, of which this portion is deemed trust — debtor: 152Co. · as of 20 Jun 2023 | $165K | Receiver’s First Report to Court (for motion returnable July 19, 2023) |
| 3 | Deemed trusts (CRA and other) | |||
| 3 | Deemed trusts (CRA and other) | |||
| 3 | Deemed trusts (CRA and other) | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured |
10 more claims in 3 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans2 transactions · 2 closed — Both properties sold and transactions closedReceiver’s Third Report to Court (for motion returnable June 16, 2025) · 2 Jun 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1000567934 Ontario Inc.all of 224Co.'s right, title and interest in and to the assets described in the Purchase Agreement (the "Purchased Assets") · real property · agreement 15 Jun 2023 | Subscribers | Closed31 Aug 2023 | Receiver’s Second Report to Court (for motion… |
| 2484460 Ontario Inc.all of 152Co.'s right, title and interest in and to the assets described in the Purchase Agreement · real property · agreement 14 Jun 2023 | Subscribers | Closed31 Jul 2023 | Receiver’s Second Report to Court (for motion… |
Secured creditors: a distribution. Canada Revenue Agency a distribution · Lenders paid in full · CRA a distribution.FinalReceiver’s Second Report to Court (for motion · 13 Oct 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trustunpaid source deductions deemed trust owing by 224Co. | Canada Revenue Agency | — | Finalper the receiver | Receiver’s Second Report to Court (for motion · 13 Oct 2023 | |
| Secured | realty taxes owing on the Airport Road Property | — | Finalper the receiver | Receiver’s Second Report to Court (for motion · 13 Oct 2023 | |
| Secured | the Lenders' secured indebtedness | — | interim | Finalper the receiver | Receiver’s Second Report to Court (for motion · 13 Oct 2023 |
| Secured | Lenders | — | paid in full | Finalper the receiver | Receiver’s Third Report to Court (for motion · 2 Jun 2025 |
| UnsecuredHST deemed trust owing by 224Co. | CRA | — | Finalper the receiver | Receiver’s Second Report to Court (for motion · 13 Oct 2023 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
4 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plans9 engagements · 4 firms — latest: Albert Gelman Inc., in feesMotion Record of the Receiver (for motion · 3 Jun 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Albert Gelman Inc.Receiverperiod 3 of 3 | — | Motion Record of the Receiver (for motion · 3 Jun 2025 | |||
| Albert Gelman Inc.Receiverperiod 3 of 3 | —Sought | Motion Record of the Receiver (for motion · 3 Jun 2025 | |||
| Albert Gelman Inc.Receiverperiod 1 of 3 | — | Motion Record of the Receiver (for motion · 13 Oct 2023 | |||
| DLA Piper (Canada) LLPCounsel | — | Motion Record of the Receiver (for motion · 13 Oct 2023 | |||
| Paliare Roland Rosenberg Rothstein LLPCounsel to the receiverperiod 3 of 3 | —Sought | Motion Record of the Receiver (for motion · 3 Jun 2025 | |||
| Paliare Roland Rosenberg Rothstein LLPCounsel to the receiverperiod 3 of 3 | — | Motion Record of the Receiver (for motion · 3 Jun 2025 | |||
| Paliare Roland Rosenberg Rothstein LLPCounsel to the receiverperiod 1 of 3 | — | Motion Record of the Receiver (for motion · 13 Oct 2023 | |||
| Wildeboer DellelceCounselperiod 2 of 2 | — | Motion Record of the Receiver (for motion · 3 Jun 2025 | |||
| Wildeboer DellelceCounselperiod 1 of 2 | — | Motion Record of the Receiver (for motion · 13 Oct 2023 |
27 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plansAs at ·
Cash on hand
$800K
As at 2 Jun 2025Receiver’s Third Report to Court (for motion returnable June 16, 2025)
Professional fees
As at
1 more reported figure, and the total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Endorsement of Justice J. Dietrich dated June 16, 2025
| PDF · Subscribers | |
Order of Justice J. Dietrich dated June 16, 2025
| PDF · Subscribers | |
Aide Memoire of the Receiver (for motion returnable June 16, 2025)
| PDF · Subscribers | |
Motion Record of the Receiver (for motion returnable June 16, 2025)
| PDF · Subscribers | |
Receiver’s Third Report to Court (for motion returnable June 16, 2025)
| PDF · Subscribers | |
Court Order of Justice Penny dated November 29, 2023
| PDF · Subscribers | |
Endorsement of Justice Penny dated November 29, 2023
| PDF · Subscribers | |
Receiver’s Supplementary Report to the Second Report (for motion returnable November 29, 2023)
| PDF · Subscribers | |
Motion Record of the Receiver (for motion returnable October 25, 2023)
| PDF · Subscribers | |
Receiver’s Second Report to Court (for motion returnable October 25, 2023)
| PDF · Subscribers | |
Ancillary Order of Justice Steele dated July 19, 2023
| PDF · Subscribers | |
Approval and Vesting Order of Justice Steele dated July 19, 2023 (12016 Airport Road, Caledon)
| PDF · Subscribers | |
Approval and Vesting Order of Justice Steele dated July 19, 2023 (35 Cherrycrest Drive, Brampton)
| PDF · Subscribers | |
Endorsement of Justice Steele dated July 19, 2023
| PDF · Subscribers | |
Motion Record of the Receiver (for motion returnable July 19, 2023) (2 of 2)
| PDF · Subscribers | |
Factum of the Receiver (for motion returnable July 19, 2023)
| PDF · Subscribers | |
Motion Record of the Receiver (for motion returnable July 19, 2023) (1 of 2)
| PDF · Subscribers | |
Receiver’s First Report to Court (for motion returnable July 19, 2023)
| PDF · Subscribers | |
Endorsement of Justice Kimmel dated December 1, 2022
| PDF · Subscribers | |
Receivership Appointment Order of Justice Kimmel dated December 1, 2022
| PDF · Subscribers | |
| Factum of the Applicant (for motion returnable December 1, 2022) | PDF · Subscribers | |
Application Record of 2046245 Ontario Inc., 2222228 Ontario Inc., 2473560 Ontario Inc. and 2473441 Ontario Inc. (for motion returnable December 1, 2022)
| 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., “1526400 Ontario Inc. and 2240439 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 4 November 2026, https://proceedings.ca/case/1526400-ontario-inc-and-2240439-ontario-inc