1742209 Ontario Inc.

1742209 Ontario Inc. has been under court-appointed receivership since January 18, 2010, when the Ontario Superior Court of Justice (Commercial List) appointed Meyers Norris Penny Limited as receiver on the application of the Business Development Bank of Canada, under section 243 of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, in court file CV-10-8541-00CL. The assets consist of land and building at 400 Harry Walker Parkway South, Newmarket, Ontario. Secured claims total $8,979,343, comprising BDC's mortgage; the Bank of Nova Scotia holds a PPSA registration with no balance outstanding. The unsecured list totals $6,046, of which Newmarket Hydro's claim accounts for the whole stated amount, with claims by the Canada Revenue Agency, Enbridge Gas Distribution, Cam Tool & Die Ltd. and two individuals shown as unknown. The receiver states it is unable to determine whether any funds will be available for ordinary unsecured creditors. The proceeding remains active.