Proceedings.

2131059 Ontario Limited - Mapleview

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Active
Proceeding
Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
File
CV-15-10951-00CL
Filings held15
Last activity1 Feb 2018
On the record4,147 days
Secured debtSubscribers
OverviewSummary updated

2131059 Ontario Limited (Mapleview) was placed in court-appointed receivership on 2015-05-15 by the Ontario Superior Court of Justice (Commercial List), under court file no. CV-15-10951-00CL, on the application of MarshallZehr Group Inc. and The Bank of Nova Scotia Trust Company under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. Collins Barrow Toronto Limited was appointed receiver. The applicants, holding a first-ranking mortgage, were owed $27,400,038.13 as of April 1, 2015. A second mortgage of $2,500,000 is held by Sussman Mortgage Funding Inc. and Community Trust Company. The receivership is active.

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Case updates15 dated entries

12 earlier updates, back to 15 May 2015 subscribers.

Parties

Debtor

2131059 Ontario Limited - Mapleview

Receiver

TDB Restructuring

Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredMarshallZehr Group Inc. and The Bank of Nova Scotia Trust Company (First Mortgage / MZG Trustee & BNS Trust as trustee for self-directed RRSP lenders)First-ranking mortgage; registered principal amount $17,712,500 (First Mortgage); also third-ranking and fourth-ranking mortgages held by Applicants — Total amount due to Applicants as of April 1, 2015 per Affidavit of Gregory Zehr (p.9); prose in Notice of Application (p.8) states approximate total due of $27,211,581.57 as of the same date - the affidavit figure is used as it is more specific and later in the record; loans totalling approximately $21 million originally advanced — debtor: 2131059 Ontario Limited (Baywood Homes) · as of 1 Apr 2015$27.4MApplication Record dated April 29, 2015 - Part 1

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.

4 more claims across lower-ranking classes

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Sale processAs stated in the filings

Sale approvedThe Sale Approval Order was granted but the Vesting Order was deferred pending determination of the Moneylogix ClaimReceiver's Second Report - Supplement dated November 28, 2016 · 28 Nov 2016

PurchaserPriceStatusSource
Mapleview Developments Ltd.the Debtor's right, title and interest in and to the 'Purchased Assets' · real property · agreement 6 Oct 2016SealedApproved22 Nov 2016Sale Approval Order dated November 22, 2016
Closing termsvesting effective upon delivery of Receiver's Certificate confirming payment of purchase price and satisfaction of closing conditionsVesting Order dated November 30, 2016
Documents
15 filings
DateDocumentFile
Receiver's Third Report dated February 1, 2018PDF · Subscribers
Endorsement of Justice Mesbur dated November 30, 2016
  • Presiding officer Justice Mesbur
PDF · Subscribers
Vesting Order dated November 30, 2016
  • Closing terms vesting effective upon delivery of Receiver's Certificate confirming payment of purchase price and satisfaction of closing conditions
  • Purchaser Mapleview Developments Ltd. · the Debtor's right, title and interest in and to the 'Purchased Assets' · real property · approved
  • Stalking horse Subscribers
PDF · Subscribers
Receiver's Second Report - Supplement dated November 28, 2016
  • Purchaser Mapleview Developments Ltd. · the Property / the Debtor's right, title and interest in and to the Purchased Assets · real property · approved
  • Sale outcome Sale approved — The Sale Approval Order was granted but the Vesting Order was deferred pending determination of the Moneylogix Claim
  • Stalking horse Subscribers
PDF · Subscribers
Endorsement of Justice Newbould dated November 22, 2016
  • Presiding officer Justice Newbould
PDF · Subscribers
Report, Activity and Fee Approval and Sealing Order dated November 22, 2016
  • Presiding officer Justice Newbould
PDF · Subscribers
Sale Approval Order dated November 22, 2016
  • Purchaser Mapleview Developments Ltd. · the Debtor's right, title and interest in and to the 'Purchased Assets' as defined in the Sale Agreement · asset sale · approved
  • Stalking horse Subscribers
PDF · Subscribers
Affidavit of Alex Haditaghi sworn November 18, 2016PDF · Subscribers
Responding Motion of the Cost-Sharing Parties dated November 15, 2016PDF · Subscribers
Receiver’s Second Report dated November 9, 2016PDF · Subscribers
Borrowings Increase, Authorization and Approval Order dated August 27, 2015PDF · Subscribers
Receiver’s First Report dated July 17, 2015PDF · Subscribers
Receivership Order dated May 15, 2015
  • Applicant MARSHALLZEHR GROUP INC. and THE BANK OF NOVA SCOTIA TRUST COMPANY
  • Appointee Collins Barrow Toronto Limited
  • Appointee role receiver
  • Commencement date 15 May 2015
  • + 4 more extracted facts
PDF · Subscribers
Application Record dated April 29, 2015 - Part 1
  • Applicant MARSHALLZEHR GROUP INC. and THE BANK OF NOVA SCOTIA TRUST COMPANY
  • Commencement date 29 April 2015
  • Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Court file no CV-15-10951-00CL
  • + 5 more extracted facts
PDF · Subscribers
Application Record dated April 29, 2015 - Part 2PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “2131059 Ontario Limited - Mapleview” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/2131059-ontario-limited-mapleview

Sources last checked · summary updated 24 August 2026 · Report a correction · Printed from proceedings.ca/case/2131059-ontario-limited-mapleview

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.