1613935 Ontario Inc.
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- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, RSC 1985, c. B-3, as amended; and section 101 of the Courts of Justice Act, RSO 1990, c. C.43, as amended
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CL-26-00000263-0000
Filings held6
Last activity22 Jul 2026
On the record67 days
Secured debt$30.8M
OverviewSummary updated
1613935 Ontario Inc. has been under court-appointed receivership under BIA s. 243 since July 16, 2026, in the Ontario Superior Court of Justice (In Bankruptcy and Insolvency) on file CL-26-00000263-0000. Its real property carries four registered charges. Ducimus Capital Inc. holds a first-ranking charge registered January 22, 2019 and reported $30,834,984.79 owing as at May 27, 2026 on a loan that advanced $28,323,104 under a December 13, 2018 commitment letter amended 14 times, with a principal balance of $28,480,340 at its September 7, 2025 maturity; the loan is guaranteed by three corporate and four personal guarantors. The Corporation of the Town of Ajax claims municipal tax arrears of $1,777,944.03 as at June 30, 2026 across five PINs. Hyot GP Inc. and Valour Partners High Yield Opportunity LP have issued a Notice of Sale under Mortgage.
Proceedings AIAsk this case — answers cite the filings
Case updates6 dated entries
#Order
Placed the company into court-appointed receivership under BIA s. 243, following default on the Ducimus Capital Inc. loan that had matured September 7, 2025.
Parties
Debtor
1613935 Ontario Inc.
Receiver
BDO
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Myers | Ontario Superior Court of Justice | 2 orders, Jul 2026 | 103 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverBDO | Norton Rose Fulbright Canada LLP | 22 Jul 2026 | Service list · 22 Jul 2026 |
| CreditorDucimus Capital Inc | Cassels Brock & Blackwell LLP | 9 Jul 2026 | Factum · 9 Jul 2026 |
| CreditorHyot GP Inc | Dickinson Wright LLP | 22 Jul 2026 | Service list · 22 Jul 2026 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Ducimus Capital Inc. · in 6 casesFirst-ranking mortgage/charge registered Jan 22, 2019 against the Real Property; site-specific General Security Agreement dated Jan 11, 2019; General Assignment of Rents and Leases dated Jan 22, 2019; PPSA (Ontario) registration in favour of Ducimus (two later Northern Coast ABL Inc. PPSA registrations are subordinated/postponed to it) — Original loan advanced $28,323,104 under Dec 13, 2018 Commitment Letter (amended 14 times); $157,230 balance of a prior related-party loan added to principal via April 13, 2021 amendment; principal balance at maturity (Sept 7, 2025) was $28,480,340 plus accrue · as of 27 May 2026 | $30.8M | Application Record, dated July 2, 2026 |
| 4 | Secured | Corporation of the Town of AjaxStatutory municipal property tax arrears/lien against the Real Property per Town of Ajax tax certificates — Regulatory/municipal tax priority claim; aggregate of per-PIN tax arrears certificates: $24,643 (PIN 26408-0884), $57,147 (PIN 26408-0886), $456,513 (PIN 26408-2030), $505,558 (PIN 26408-2031), $279,578 (PIN 26408-2032). — debtor: 1613935 Ontario Inc. · as of 30 Jun 2026 | $1.78M | Application Record, dated July 2, 2026 |
| 4 | Secured | Ajax Taunton Ontario Inc.Charge registered April 13, 2022 against the Real Property securing a maximum registered principal balance of $17,500,000 (registration ceiling, not a stated balance); notice of general assignment of rents; benefits from a notice of postponement by Hyot GP Inc./Valour Partners High Yield Opportunity LP subordinating the earlier-registered Hyot/Valour charge to this charge — Per Fawcett, relates to acquisition and development financing. — debtor: 1613935 Ontario Inc. · as of 13 Apr 2022 | — | Application Record, dated July 2, 2026 |
| 4 | Secured | Hyot GP Inc. and Valour Partners High Yield Opportunity LPCharge registered Dec 31, 2020 (as amended) against the Real Property securing a maximum registered principal amount of $30,900,000 (registration ceiling, not a stated balance); notice of general assignment of rents; this charge was postponed by the chargees to the later Ajax Taunton Ontario Inc. charge — Per Fawcett, relates to acquisition and development financing. Hyot GP Inc. and Valour Partners High Yield Opportunity LP have issued a Notice of Sale under Mortgage (Mortgages Act, Ontario) demanding payment of outstanding principal, interest and costs; exact current balance not disclosed in · as of 31 Dec 2020 | — | Application Record, dated July 2, 2026 |
| 4 | Secured | Northern Coast ABL Inc.Charge registered July 13, 2022 against the Real Property securing a maximum registered principal amount of $45,000,000 (registration ceiling, not a stated balance); notice of general assignment of rents; two PPSA (Ontario) registrations, both subordinated/postponed to Ducimus's PPSA registration — In place to secure potential equity takeout advances should they become necessary; affiant not currently aware of any advances having been made by Northern Coast ABL Inc. to the Respondent. — debtor: 1613935 Ontario Inc. · as of 13 Jul 2022 | — | Application Record, dated July 2, 2026 |
| 8 | Unsecured | The Corporation of the Town of Ajax · in 2 casesdebtor: 1613935 Ontario Inc. | $1.78M | Receiver's Notice and Statement |
| 8 | Unsecured | 15799813 Canada Inc.Nominal placeholder amount of $1.00 as listed — debtor: 1613935 Ontario Inc. | $1 | Receiver's Notice and Statement |
| 8 | Unsecured | 15799341 Canada Inc.Nominal placeholder amount of $1.00 as listed — debtor: 1613935 Ontario Inc. | $1 | Receiver's Notice and Statement |
| 8 | Unsecured | Enbridge Gas Inc. · in 21 casesNominal placeholder amount of $1.00 as listed — debtor: 1613935 Ontario Inc. | $1 | Receiver's Notice and Statement |
| 8 | Unsecured | Braun Nursery LimitedNominal placeholder amount of $1.00 as listed — debtor: 1613935 Ontario Inc. | $1 | Receiver's Notice and Statement |
| 8 | Unsecured | Rogers Communications Inc. · in 18 casesNominal placeholder amount of $1.00 as listed — debtor: 1613935 Ontario Inc. | $1 | Receiver's Notice and Statement |
| 8 | Unsecured | Elexicon Energy Inc.Nominal placeholder amount of $1.00 as listed — debtor: 1613935 Ontario Inc. | $1 | Receiver's Notice and Statement |
| 8 | Unsecured | The Regional Municipality of Durham · in 6 casesNominal placeholder amount of $1.00 as listed — debtor: 1613935 Ontario Inc. | $1 | Receiver's Notice and Statement |
| 8 | Unsecured | Toronto and Region Conservation Authority · in 2 casesNominal placeholder amount of $1.00 as listed — debtor: 1613935 Ontario Inc. | $1 | Receiver's Notice and Statement |
| 8 | Unsecured | Ontario Ministry of TransportationNominal placeholder amount of $1.00 as listed — debtor: 1613935 Ontario Inc. | $1 | Receiver's Notice and Statement |
| 8 | Unsecured | Canada Revenue Agency · in 926 casesNominal placeholder amount of $1.00 as listed — debtor: 1613935 Ontario Inc. | $1 | Receiver's Notice and Statement |
| 8 | Unsecured | Morrison Financial Mortgage Corporation · in 4 casesNominal placeholder amount of $1.00 as listed — debtor: 1613935 Ontario Inc. | $1 | Receiver's Notice and Statement |
| 8 | Unsecured | Community Trust Company · in 2 casesNominal placeholder amount of $1.00 as listed — debtor: 1613935 Ontario Inc. | $1 | Receiver's Notice and Statement |
| 8 | Unsecured | Ontario Ministry of Finance · in 43 casesNominal placeholder amount of $1.00 as listed — debtor: 1613935 Ontario Inc. | $1 | Receiver's Notice and Statement |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
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.
Documents6 filings
| Date | Document | File |
|---|---|---|
Receiver's Notice and Statement
| ||
Service List dated July 22, 2026
| ||
Endorsement Order, dated July 16, 2026
| ||
Receivership Order, dated July 16, 2026
| ||
Factum of Applicant, dated July 9, 2026
| ||
Application Record, dated July 2, 2026
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “1613935 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 20 September 2026, https://proceedings.ca/case/1613935-ontario-inc