Proceedings.

1626177 Ontario Limited o/a Ferro Mechanical

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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
File
CV-25-00004184-0000
Filings held4
Last activity27 Nov 2025
On the record298 days
Secured debtSubscribers
OverviewSummary updated

1626177 Ontario Limited, operating as Ferro Mechanical, is the subject of an active bankruptcy proceeding under the Bankruptcy and Insolvency Act before the Ontario Superior Court of Justice sitting in bankruptcy and insolvency, under court file number CV-25-00004184-0000. The proceeding was commenced on November 4, 2025 with the filing of an application, which is the only step recorded to date. No further milestones, orders or appointments have been entered on the record, and the matter remains at its opening stage. Creditors and counsel following the file should treat the November 4, 2025 application as the operative starting point for the proceeding.

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Case updates4 dated entries

1 earlier update, back to 27 November 2025 subscribers.

Parties

Debtor

1626177 Ontario Limited o/a Ferro Mechanical

Receiver

msi Spergel inc.

Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredRoyal Bank of Canada · in 556 casesGeneral Security Agreement dated May 29, 2024 over all personal property of the Company; PPSA registration (file 505747701, registered May 27, 2024) covering inventory, equipment, accounts, other and motor vehicles; Credit Agreement dated May 28, 2024 (as amended April 8, 2025) established a revolving facility (principal limit $2,000,000.00) and a credit card facility (maximum principal $400,000.00) — these are facility limits, not balances. — Demand Letter/NITES dated August 8, 2025 stated total indebtedness of $1,900,349.94 as of August 8, 2025, comprising the revolving demand facility balan · as of 7 Oct 2025$2.29MApplication Record of the Applicant dated November 4, 2025

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.

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Documents4 filings
DateDocumentFile
Endorsement of the Honourable Justice Bhangu dated November 27, 2025
  • Presiding officer Justice Bhangu
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Order of the Honourable Justice Bhangu dated November 27, 2025
  • Applicant Royal Bank of Canada
  • Appointee msi Spergel inc.
  • Appointee role receiver and manager
  • Commencement date 27 November 2025
  • + 5 more extracted facts
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Factum of the Applicant dated November 20, 2025PDF · Subscribers
Application Record of the Applicant dated November 4, 2025
  • Applicant ROYAL BANK OF CANADA
  • Appointee MSI SPERGEL INC.
  • Appointee role Proposed Receiver
  • Commencement date 4 November 2025
  • + 7 more extracted facts
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Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “1626177 Ontario Limited o/a Ferro Mechanical” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/1626177-ontario-limited-o-a-ferro-mechanical

Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/1626177-ontario-limited-o-a-ferro-mechanical

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.