1526400 Ontario Inc. and 2240439 Ontario Inc.
FollowActive
- 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
Filings held22
Last activity16 Jun 2025
On the record1,390 days
OverviewSummary updated
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.
Proceedings AIAsk this case — answers cite the filings
Case updates22 dated entries
#Filing
Motion Record of the Receiver (for motion returnable June 16, 2025) — Application / notice of application
19 earlier updates, back to 1 December 2022 — subscribers.
Parties
Debtor
File Documents
Receiver
Albert Gelman
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Dietrich | Ontario Superior Court of Justice | 2 orders, Jun 2025 | 89 cases on record |
| Justice Penny | Ontario Superior Court of Justice | 2 orders, Nov 2023 | 179 cases on record |
| Justice Steele | Ontario Superior Court of Justice | 2 orders, Jul 2023 | 220 cases on record |
| Justice Kimmel | Ontario Superior Court of Justice | 2 orders, Dec 2022 | 182 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverAlbert Gelman | Rothstein LLP | 19 Jul 2023 | Factum · 19 Jul 2023 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Deemed trusts (CRA and other) | Canada Revenue Agency (HST deemed trust) · in 926 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) |
Sale processAs stated in the filings
2 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… |
Closing termsVesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction/waiver of closing conditionsApproval and Vesting Order of Justice Steele dated July 19, 2023 (12016…
RecoveriesAs declared or paid
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 | — | a distribution | Finalper the receiver | Receiver’s Second Report to Court (for motion · 13 Oct 2023 |
| Secured | realty taxes owing on the Airport Road Property | — | a distribution | Finalper the receiver | Receiver’s Second Report to Court (for motion · 13 Oct 2023 |
| Secured | the Lenders' secured indebtedness | — | a distributioninterim | Finalper the receiver | Receiver’s Second Report to Court (for motion · 13 Oct 2023 |
| Secured | Lenders | — | paid in full | Finalper the receiver | Motion Record of the Receiver (for motion · 16 Jun 2025 |
| UnsecuredHST deemed trust owing by 224Co. | CRA | — | a distribution | 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.
Fees and ratesAs stated in the filings
6 engagements · 5 firms — latest: Albert Gelman Inc., —Receiver’s Third Report to Court (for motion · 16 Jun 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| (firm not named)Receiverperiod 2 of 2 · firm not named in the heading | — | ••• | ••• | ••• | Motion Record of the Receiver (for motion · 25 Oct 2023 |
| (firm not named)Receiverperiod 1 of 2 · firm not named in the heading | — | ••• | ••• | ••• | Motion Record of the Receiver (for motion returnable July 19, 2023) (1… · 19 Jul 2023 |
| Albert Gelman Inc.Receiver | —Sought | ••• | ••• | ••• | Receiver’s Third Report to Court (for motion · 16 Jun 2025 |
| DLA Piper (Canada) LLPCounsel | — | ••• | ••• | ••• | Motion Record of the Receiver (for motion · 25 Oct 2023 |
| Paliare Roland Rosenberg Rothstein LLPCounsel to the receiver | —Sought | ••• | ••• | ••• | Receiver’s Third Report to Court (for motion · 16 Jun 2025 |
| Wildeboer Dellelcecapacity not stated | — | ••• | ••• | ••• | Receiver’s Third Report to Court (for motion · 16 Jun 2025 |
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Cash on hand
$800K
As at 16 Jun 2025Receiver’s Third Report to Court (for motion returnable June 16, 2025)
Documents
22 filings
| Date | Document | File |
|---|---|---|
Aide Memoire of the Receiver (for motion returnable June 16, 2025)
| PDF · Subscribers | |
Endorsement of Justice J. Dietrich dated June 16, 2025
| PDF · Subscribers | |
Motion Record of the Receiver (for motion returnable June 16, 2025)
| PDF · Subscribers | |
Order of Justice J. Dietrich dated 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 | |
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 | |
Motion Record of the Receiver (for motion returnable July 19, 2023) (2 of 2)
| PDF · Subscribers | |
Receiver’s First Report to Court (for motion returnable July 19, 2023)
| 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 | |
Endorsement of Justice Kimmel dated December 1, 2022
| PDF · Subscribers | |
| Factum of the Applicant (for motion returnable December 1, 2022) | PDF · Subscribers | |
Receivership Appointment Order of Justice Kimmel dated 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 20 September 2026, https://proceedings.ca/case/1526400-ontario-inc-and-2240439-ontario-inc