1731861 ONTARIO INC. operating as PLASTICAP
Follow- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-22-00691955-00CL
1731861 Ontario Inc., operating as Plasticap, is in a court-appointed receivership under section 243 of the Bankruptcy and Insolvency Act, commenced 23 May 2023 in the Ontario Superior Court of Justice under court file CV-22-00691955-00CL. The proceeding is active. The secured position is held by Royal Bank of Canada under a General Security Agreement dated 26 July 2020 covering all present and after-acquired personal property and undertaking of the debtor, supported by personal guarantees and postponements of claim from Peter J. Gossmann and Thomas F. Lato, both officers and directors. As of 19 December 2022, RBC's Canadian-dollar operating and Visa facilities stood at $1,301,055.16, a figure that excludes two term loans referenced in the credit agreement and legal fees, with a further US$41,323.24 on the US Visa facility. A CRA deemed-trust claim for source deductions and HST was put at approximately $100,000 as of 17 November 2022.
6 earlier updates, back to 23 May 2023 — subscribers.
Debtor
1731861 ONTARIO INC. operating as PLASTICAP
Receiver
msi Spergel inc.
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 556 casesSame GSA (RBC Standard Form 924, July 26, 2020). Facility #3 described as a $500,000.00 non-revolving term facility (facility limit/principal - a round figure, not a stated balance). — RBC 'Facility #3' - Statement of Claim para 9 (PDF page 49) describes 'a $500,000.00 non-revolving term facility.' Appears drawn, as the Operating Facility limit reduced from $1,750,000 to $1,250,000 'on the date of drawdown of Facility #3' (para 10). No separate outstanding balance is stated for Facility #3; the $500,000.00 is the facility amount, not a balance. — debtor: 1731861 Ontario Inc. operating as Plast | — | Motion Record of RBC Volume 3 of 3 |
“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.
| Date | Document | File |
|---|---|---|
Endorsement of the Honourable Justice Osborne
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| Defendant's Aide Memoire | PDF · Subscribers | |
| Affidavit of Jan Oros sworn March 22, 2023 | PDF · Subscribers | |
| Supplementary Motion Record of RBC | PDF · Subscribers | |
Motion Record of RBC Volume 1 of 3
| PDF · Subscribers | |
| Motion Record of RBC Volume 2 of 3 | PDF · Subscribers | |
Motion Record of RBC Volume 3 of 3
| PDF · Subscribers | |
| Affidavit of Peter Grossman sworn December 8, 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., “1731861 ONTARIO INC. operating as PLASTICAP” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/1731861-ontario-inc-operating-as-plasticap