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.
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
12 earlier updates, back to 10 July 2025 — subscribers.
Debtor
2105384 Ontario Inc. et al
Receiver
PwC
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Caisse Desjardins Ontario Credit Union Inc. · in 22 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) |
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 |
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 receiverfirm not named in the heading | to 30 Nov 2025 | — | — | — | First Report of the Receiver · 19 Dec 2025 |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Cumulative receipts
$46.4K
As at 19 Dec 2025First Report of the Receiver
| 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 20 September 2026, https://proceedings.ca/case/2105384-ontario-inc-et-al
Sources last checked · summary updated 5 September 2026 · Report a correction · Printed from proceedings.ca/case/2105384-ontario-inc-et-al
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.