16261311 Canada Inc.
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-26-00003039-0000
- Industry
- Retail · Gas stations & convenience stores
16261311 Canada Inc. was placed in receivership by order of the Ontario Superior Court of Justice (In Bankruptcy and Insolvency) on April 23, 2026, under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding carries Ontario court file number CV-26-00003039-0000 and remains active. The record before this page contains no further steps after the appointment order.
2026 09 25 - Approval, Vesting and Distribution Order - Trimble, J. — Approval and vesting order
Motion Record - Receiver - BDO Canada Limited - 04-SEPT-2026 — Application / notice of application
The court appointed BDO Canada Limited as receiver and manager, on the application of Canadian Imperial Bank of Commerce. Court file CV-26-00003039-0000.
Order made Thursday, April 23, 2026 placing 16261311 Canada Inc. into court-appointed receivership, commencing the Ontario proceeding under file CV-26-00003039-0000.
Source: 2026-04-23 - Issued Interim Receivership Order of Justice Wilkinson
Case update
2301 Benedet: the 'cash only' Esso and five offers in 25 days
A Mississauga Esso whose pump card readers were covered with "cash only" signs in March went into receivership on April 30. BDO now asks the court, on September 25, to approve a sale at a sealed price after 25 days on the market, pay the proceeds to CIBC, owed $4,458,176.91 and facing a shortfall, discharge the receiver, and let it put the company into bankruptcy, because it still has not received the company's books.
Debtor
16261311 Canada Inc.
Receiver
BDO
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Trimble | Ontario Superior Court of Justice | 2 orders, Sep 2026 | 8 cases on record |
| Justice Fowler-Byrne | Ontario Superior Court of Justice | 2 orders, Apr 2026 | 7 cases on record |
| Justice Wilkinson | Ontario Superior Court of Justice | 2 orders, Apr 2026 | 10 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverBDO | Thornton Grout Finnigan LLP | 9 Sep 2026 | Factum · 9 Sep 2026 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Canadian Imperial Bank of Commerce (CIBC) · in 72 casesCollateral charge/mortgage over the Property in the principal sum of $4.0 million registered August 26, 2025; general security agreement dated July 24, 2025 — Senior/first-ranking secured creditor; amount stated is plus applicable costs, expenses, fees and interest, which are accruing; will exceed Net Sale Proceeds resulting in a shortfall; also holds personal guarantee from sole director Mr. Vargas (related individual, not a company); security opinion obtained by Receiver's counsel confirming validity and enforceability — debtor: 16261311 Canada Inc. · as of 4 Sep 2026 | $4.46M | Motion Record - Receiver - BDO Canada Limited - 04-SEPT-2026 |
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.
Closed · the record states no distribution outcome.
| Date | Document | File |
|---|---|---|
2026 09 25 - Ancillary Relief and Discharge Order - Trimble, J.
| PDF · Subscribers | |
2026 09 25 - Approval, Vesting and Distribution Order - Trimble, J.
| PDF · Subscribers | |
Factum - Receiver - BDO Canada Limited - 09-SEPT-2026
| PDF · Subscribers | |
Motion Record - Receiver - BDO Canada Limited - 04-SEPT-2026
| PDF · Subscribers | |
| Notice of Receiver - 16261311 Canada Inc | PDF · Subscribers | |
2026-04-30 - Endorsement of Fowler Byrne J
| PDF · Subscribers | |
2026-04-30 - Receivership Order of Fowler Byrne J
| PDF · Subscribers | |
2026-04-23 - Endorsement of Justice Wilkinson
| PDF · Subscribers | |
2026-04-23 - Issued Interim Receivership Order of Justice Wilkinson
| 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., “16261311 Canada Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/16261311-canada-inc