1791979 Ontario Inc.
- Proceeding
- Receivership (court-appointed)section 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-12-9853-00CL
- Industry
- Retail · Gas stations & convenience stores
1791979 Ontario Inc. has been in court-appointed receivership since September 28, 2012, when the Ontario Superior Court of Justice appointed SF Partners Inc. receiver on the application of Martin Handelman, Stephen Handelman, B & M Handelman Investments Limited and others under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. Two syndicated mortgage loans arranged by Rescom Capital rank first and second, owed $731,075.20 and $1,122,615.42 as at November 7, 2012. Comfort Capital Inc. holds a third mortgage of $178,647.57, guaranteed by Muhammad Latif, principal of the stalking horse purchaser SMEI, and SMV Financial Services Inc. holds the fourth. Irving Oil holds a purchase-money security interest over the fuel dispensing system at the property.
The court granted an approval and vesting order for the sale to S.M. Enterprises Inc. Closing terms, as extracted: Vesting is effective upon delivery of a Receiver's certificate confirming the stalking horse sales process has come to an end, payment of the Purchase Price, satisfaction or waiver of the Closing conditions, and completion of the Transaction to the Receiver's satisfaction.
Source: Approval and Vesting Order
The officer filed report no. First Report. The Receiver continues to operate the debtor's fuel station and convenience store while it runs a stalking horse sales process for the property, having arranged continued fuel supply from Irving Oil on condition that a sale completes within 60 days of October 4, 2012. Court file CV-12-9853-00CL.
Source: First Report of the Receiver
Appointed SF Partners Inc. receiver of 1791979 Ontario Inc. and created administrative charges for the receiver's fees and its counsel's ranking ahead of SMV Financial Services Inc.
Source: Appointment Order
Undated filings2 — no date appears on the document · show
Debtor
1791979 Ontario Inc.
Receiver
Rosen Goldberg
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Morawetz | Ontario Superior Court of Justice | 2 orders, Nov 2012 – Mar 2013 | 141 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Applicant | Dickinson Wright LLP | 28 Sep 2012 | Order · 28 Sep 2012 |
| CreditorSF Partners Inc | Goldman Sloan Nash & Haber LLP | 29 Nov 2012 | Order · 29 Nov 2012 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Second-ranking secured lenders (syndicated loan arranged by Rescom Capital; investors: Yerusha Investments Inc., Diane Graftstein, Bamburgh Holdings Ltd., Sheldon Tarek, Marvin Teperman, Robert WeingaSecond Mortgage — debtor: 1791979 Ontario Inc. · as of 7 Nov 2012 | $1.12M | Second Supplementary Report to the First Report of the Receiver |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 5 | PMSI / lessors |
6 more claims in 2 classes The stack holds Secured and PMSI / lessors claims.
Every creditor and every amount, drawn to scale.
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See all plansThis 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.
Sale approved — The Court approved the Transaction and authorized the Receiver's execution of the Sale Agreement; vesting of the Purchased Assets in the Purchaser is to take effect upon delivery of the Receiver's Certificate.Approval and Vesting Order · 12 Dec 2012
| Purchaser | Price | Status | Source |
|---|---|---|---|
| S.M. Enterprises Inc.the Debtor's right, title and interest in the assets described in the Sale Agreement (the "Purchased Assets"), including the real property at 989 Ward Street, Bridgenorth, Ontario and the personal property listed on Schedule "E" · asset sale · agreement 25 Oct 2012 | not stated | Approved12 Dec 2012 | Approval and Vesting Order |
1 engagement · 1 firm — Dickinson Wright LLP, in feesSupplementary Report to the First Report of the Receiver · 12 Nov 2012
| Firm | Period | Hours | Fees | Rates | Source | |||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dickinson Wright LLPCounsel to the receiver | — | 3 people | Supplementary Report to the First Report of the Receiver · 12 Nov 2012 | |||||||||||||||||||||||||||
3 people — Dickinson Wright LLP · 11 blurred figures
| ||||||||||||||||||||||||||||||
14 blurred figures above
What the firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Distribution Order
| PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
Order Approving Sale Process
| PDF · Subscribers | |
Second Supplementary Report to the First Report of the Receiver
| PDF · Subscribers | |
Supplementary Report to the First Report of the Receiver
| PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
Appointment Order
| PDF · Subscribers | |
| Second Report of the Receiver | PDF · Subscribers | |
| Third Report of the Receiver | 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., “1791979 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/1791979-ontario-inc