The court appointed msi Spergel inc. as receiver and manager, on the application of Royal Bank of Canada. Court file CV-25-00004184-0000.
Source: Order of the Honourable Justice Bhangu dated November 27, 2025
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.
The court appointed msi Spergel inc. as receiver and manager, on the application of Royal Bank of Canada. Court file CV-25-00004184-0000.
Source: Order of the Honourable Justice Bhangu dated November 27, 2025
1 earlier update, back to 27 November 2025 — subscribers.
Debtor
1626177 Ontario Limited o/a Ferro Mechanical
Receiver
msi Spergel inc.
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal 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 | $2.29M | Application 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.
| Date | Document | File |
|---|---|---|
Endorsement of the Honourable Justice Bhangu dated November 27, 2025
| PDF · Subscribers | |
Order of the Honourable Justice Bhangu dated November 27, 2025
| PDF · Subscribers | |
| Factum of the Applicant dated November 20, 2025 | PDF · Subscribers | |
Application Record of the Applicant dated November 4, 2025
| 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., “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.