#Sale
The court granted an approval and vesting order. Closing terms, as extracted: vesting occurs upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction of closing conditions.
Source: Hubbel AVO
2105384 Ontario Inc. et al
ActiveFollow
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-25-00090713-0000
- Industry
- Retail · Health & beauty retail
OverviewSummary updated
2105384 Ontario Inc. and eleven affiliated companies have been in court-appointed receivership in the Ontario Superior Court of Justice since July 10, 2025, under s. 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The application was brought by Caisse Desjardins Ontario Credit Union Inc., which holds security across all twelve companies — credit agreements, mortgages on the Mortgaged Lands and guarantees — and was owed $8,978,758.13 as at the Receivership Date. Hidden Keys Natural Medicines Inc. is also subject to Saskatchewan PPSA registrations by Ford Credit Canada Company, Royal Bank of Canada, the Bank of Nova Scotia, Steinbach Credit Union Limited and the Saskatchewan Workers Compensation Board. Unsecured claims compiled by the Receiver from the companies' books include $199,000 owed by Amina Khadeeja Holdings Inc. to Hamalanian Architect and $49,140 owed by 4429151 Manitoba Ltd. to its landlord. The proceeding is active.
Proceedings AIOpen Proceedings AI
Case updates15 dated entries
#Sale
The court granted an approval and vesting order for the sale to 1001407264 Ontario Inc. and Ahmad Mustafa. Closing terms, as extracted: vesting effective upon delivery of Receiver's Certificate confirming payment of purchase price, satisfaction/waiver of closing conditions, and completion of transaction.
Source: Montrose AVO
#Report
The officer filed report no. First Report. The Companies are non-operating holding companies that primarily own the Real Properties, have no employees or bank accounts, and are undergoing an orderly sale/marketing process for those properties, with sales of the Hubbell and Montrose Properties now pending Court approval.
Source: First Report of the Receiver
#Filing
Application Record of the Receiver (re Hubbell AVO, Montrose AVO and Ancillary Order) — Application / notice of application
#Order
Endorsement of J Krawchenko (re Receivership Order) was filed. Court file CV-25-00090713-0000.
#Filing
Notice of Application of the Applicant (Caisse Desjardins Ontario Credit Union Inc.) was filed. Court file CV-25-00090713-0000.
Source: Notice of Application of the Applicant (Caisse Desjardins Ontario Credit Union Inc.)
Parties
Debtor
2105384 Ontario Inc. et al
Receiver
PwC
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Conway | Ontario Superior Court of Justice | 4 orders, Dec 2025 | 310 cases on record |
| Justice Kimmel | Ontario Superior Court of Justice | 2 orders, Oct 2025 | 198 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverPwC | Thornton Grout Finnigan LLP | 29 Dec 2025 | Order · 29 Dec 2025 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Caisse Desjardins Ontario Credit Union Inc. · in 23 casesas of Receivership Date — Security agreements including credit agreements, mortgages on the Mortgaged Lands, and guarantees — Applicant in the receivership; secured creditor of all Companies collectively — debtor: ALL (2105384 Ontario Inc., Altruist Herbal Aid Inc., Asadel Mohid Ehaan Holdings Inc., Paragon Noble Construction Inc., Konain Holdings Inc., Paragon Health Store Inc., Amina Khadeeja Holdings Inc., 2730736 Ontario Inc., Jabran Holdings Inc., The Ascending Stairways Inc., 4429151 Manitoba Ltd., Hidden Keys Natural Medicines Inc.) | $8.98M | Notice of Receiver (s 245) |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 5 | PMSI / lessors | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
13 more claims in 3 classes The stack holds Secured, PMSI / lessors and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale processAs stated in the filings
2 transactions · 1 proposed · 1 approved — Transaction approved by court orderHubbel AVO · 29 Dec 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Montrose Purchaser, described as a related party to Alithe Montrose Property · real property | Subscribers | Proposed | First Report of the Receiver |
| 1001407264 Ontario Inc. and Ahmad Mustafaall of 2730736 Ontario Inc.'s right, title and interest in and to the assets described in the Sale Agreement · asset sale · agreement 9 Dec 2025 | not stated | Approved29 Dec 2025 | Montrose AVO |
AdvisorsReceiver's broker (Hubbell Property) (listing broker); Receiver's broker (Montrose Property) (listing broker)First Report of the Receiver
Closing termsvesting occurs upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction of closing conditionsHubbel AVO
Fees and ratesAs stated in the filings
3 engagements · 2 firms — latest: PricewaterhouseCoopers Inc., to 30 Nov 2025First Report of the Receiver · 19 Dec 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| PricewaterhouseCoopers Inc.Receiverperiod 2 of 2 | to 30 Nov 2025 | — | — | First Report of the Receiver · 19 Dec 2025 | |
| PricewaterhouseCoopers Inc.Receiverperiod 1 of 2 | the Period | — | — | Application Record of the Receiver (re Hubbell AVO, Montrose AVO and… · 19 Dec 2025 | |
| Thornton Grout Finnigan LLPCounsel to the receiver | to 30 Nov 2025 | — | — | not stated | First Report of the Receiver · 19 Dec 2025 |
2 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plansEstate financialsReported figures — never derived
Total liabilities at filing
As at ·
Cumulative receipts
$46.4K
As at 19 Dec 2025First Report of the Receiver
Cumulative disbursements
As at
Professional fees
As at
2 more reported figures, and the total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plansDocuments
15 filings
| Date | Document | File |
|---|---|---|
Ancillary Order
| PDF · Subscribers | |
Endorsement of J. Conway
| PDF · Subscribers | |
Hubbel AVO
| PDF · Subscribers | |
Montrose AVO
| PDF · Subscribers | |
Application Record of the Receiver (re Hubbell AVO, Montrose AVO and Ancillary Order)
| PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
Endorsement of J. Kimmel
| PDF · Subscribers | |
Order (re Receivership to Proceed in Toronto)
| PDF · Subscribers | |
Notice of Receiver (s 245)
| PDF · Subscribers | |
Endorsement of J Krawchenko (re Receivership Order)
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| Affidavit of Dominic Bacon | PDF · Subscribers | |
| Application Record of the Applicant | PDF · Subscribers | |
| Factum of the Applicant | PDF · Subscribers | |
Notice of Application of the Applicant (Caisse Desjardins Ontario Credit Union Inc.)
| 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., “2105384 Ontario Inc. et al” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/2105384-ontario-inc-et-al