Proceedings.

2314251 Ontario Inc.

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Proceeding
Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
Court
Ontario Superior Court of Justice
File
CV-22-00685439-00CL
Filings held13
Last activity4 Aug 2023
On the record1,406 days
Secured debt$2.4M
OverviewSummary updated

2314251 Ontario Inc. is the subject of a court-appointed receivership brought under BIA s. 243 and provincial Judicature Act authority. The Toronto-Dominion Bank, secured by a collateral mortgage on the company's property at 26233 Highway 48, Sutton West, Ontario, and a general security agreement, made demand on July 11, 2022, stating that approximately $2.4 million plus costs was then due and owing by 231. Mohammad Abdul Hafiz and Kawser Zahan had given personal, joint and several, unlimited guarantees of the indebtedness.

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Case updates13 dated entries
Parties

Debtor

2314251 Ontario Inc.

Receiver

msi Spergel inc.

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice CavanaghOntario Superior Court of Justice2 orders, Jun 2023 – Jul 2023288 cases on record
Justice OsborneOntario Superior Court of Justice2 orders, Oct 2022 – Nov 2022146 cases on record

Counsel of record

PartyCounselFirst seenSource
Debtor2314251 Ontario Inc.Professional Corporation10 Jul 2023Application · 10 Jul 2023
CreditorToronto-Dominion BankAird & Berlis LLP26 Aug 2022Affidavit · 26 Aug 2022
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredThe Toronto-Dominion Bank · in 111 casesCollateral mortgage on the Real Property (26233 Highway 48, Sutton West, Ontario) and a general security agreement — Document states 'approximately $2.4 million plus costs was due and owing by 231' as of the date of the July 11, 2022 demand (approximate figure, no exact dated balance provided in these pages). Personal, joint and several, unlimited guarantees of the indebtedness were also given by Mohammad Abdul Hafiz and Kawser Zahan (individual guarantors, not corporate secured creditors). — debtor: 2314251 Ontario Inc. · as of 11 Jul 2022$2.4MFirst Report of the Receiver dated June 5, 2023

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.

Fees and ratesAs stated in the filings

5 engagements · 3 firms — latest: (firm not named), to 4 Jun 2023, $10,176.34 incl. taxMotion Record of the Respondents · 10 Jul 2023

FirmPeriodHoursFeesRatesSource
(firm not named)Counsel to the receiverperiod 3 of 3 · firm not named in the headingto 4 Jun 2023—$10,176.34incl. taxnot statedAmended Motion Record of the Respondents · 28 Jul 2023
(firm not named)Counsel to the receiverperiod 2 of 3 · firm not named in the headingto 4 Jun 2023—$10,176.34incl. taxnot statedMotion Record of the Respondents · 10 Jul 2023
(firm not named)capacity not statedperiod 1 of 3 · firm not named in the heading—149.1—$360.26stated averageAmended Motion Record of the Respondents · 28 Jul 2023
Harrison Pensa LLPCounsel to the receiver—149.1—$360.26stated averageSecond Report of the Receiver · 4 Aug 2023
msi Spergel inc.Receiver—43.8—$360.26stated averageSecond Report of the Receiver · 4 Aug 2023
Documents
13 filings
DateDocumentFile
Second Report of the Receiver dated August 4, 2023
  • Fee schedule Engagements: Form: prose · Rows: · Money: Approximate: false · Period: Kind: unstated · Approval: State: unstated · Averages: — · Currency: · Invoices: · Firm text: MSI Spergel Inc. · Firm quote: SECOND REPORT OF MSI SPERGEL INC. IN ITS CAPACITY AS COURT-APPOINTED RECEIVER OF 2314251 ONTARIO INC. · Hours total: Quote: This represents a total of 43.80 hours at an average rate of $401.38 per hour before HST. · Value: 43.8 · Context quote: IN ITS CAPACITY AS COURT-APPOINTED RECEIVER OF 2314251 ONTARIO INC.; Form: prose · Rows: · Money: Approximate: false · Period: Kind: unstated · Approval: State: unstated · Averages: — · Currency: · Invoices: · Firm text: Harrison Pensa LLP · Firm quote: The Receiver retained Harrison Pensa LLP (the ' Receiver's Counsel ') as its independent legal counsel. · Hours total: Quote: This represents a total of 149.10 hours at an average rate of $360.26 per hour before HST. · Value: 149.1 · Context quote: The Receiver retained Harrison Pensa LLP (the ' Receiver's Counsel ') as its independent legal counsel.
PDF
Amended Motion Record of the Respondents
  • Counsel RosensteinLaw Professional Corporation
  • Fee schedule Engagements: Form: prose · Rows: · Money: Total: $10.2K · Quote: in the amount of $10,176.34 inclusive of disbursements and HST · includes tax · includes disbursements · Approximate: false · Period: End: 2023-06-04 · Kind: invoice · Quote: for the period to and including June 4, 2023 · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm quote: time dockets of the Receiver's Counsel · Context quote: which incorporates by reference a copy of the time dockets of the Receiver's Counsel for the period to and including June 4, 2023, in the amount of $10,176.34 inclusive of disbursements and HST. · Firm unverified: true; Form: prose · Rows: · Money: Approximate: false · Period: Kind: unstated · Approval: State: unstated · Averages: before HST · Currency: · Invoices: · Hours total: Quote: This represents a total of 149.10 hours · Value: 149.1 · Context quote: This represents a total of 149.10 hours at an average rate of $360.26 per hour before HST. · Firm unverified: true
PDF
Motion Record of the Respondents
  • Counsel RosensteinLaw Professional Corporation
  • Fee schedule Engagements: Form: prose · Rows: · Money: Approximate: false · Period: Kind: unstated · Approval: State: unstated · Averages: — · Currency: · Invoices: · Firm text: msi Spergel inc. · Firm quote: FIRST REPORT OF MSI SPERGEL INC. IN ITS CAPACITY AS COURT-APPOINTED RECEIVER OF 2314251 ONTARIO INC. · Hours total: Quote: This represents a total of 149.10 hours at an average rate of $360.26 per hour before HST. · Value: 149.1 · Context quote: FIRST REPORT OF MSI SPERGEL INC. IN ITS CAPACITY AS COURT-APPOINTED RECEIVER OF 2314251 ONTARIO INC.; Form: prose · Rows: · Money: Total: $10.2K · Quote: in the amount of $10,176.34 inclusive of disbursements and HST · includes tax · includes disbursements · Approximate: false · Period: End: 2023-06-04 · Kind: cumulative · Quote: for the period to and including June 4, 2023 · Approval: State: unstated · Averages: · Currency: · Invoices: · Context quote: irst Report is the Affidavit of Jason DiFruscia, sworn June 5, 2023, which incorporates by reference a copy of the time dockets of the Receiver's Counsel for the period to and including June 4, 2023, in the amount of $10,176.34 inclusive of disbursements and HST. · Firm unverified: true
PDF
Order of the Honourable Justice Cavanagh
  • Presiding officer Justice Cavanagh
PDF
Endorsement of the Honourable Justice Cavanagh
  • Presiding officer Justice Cavanagh
PDF
First Report of the Receiver dated June 5, 2023
  • Secured creditors $2.4M · Note: Document states 'approximately $2.4 million plus costs was due and owing by 231' as of the date of the July 11, 2022 demand (approximate figure, no exact dated balance provided in these pages). Personal, joint and several, unlimited guarantees of the indebtedness were also given by Mohammad Abdul Hafiz and Kawser Zahan (individual guarantors, not corporate secured creditors). · Page: 17 · As of: 2022-07-11 · Debtor: 2314251 Ontario Inc. · Creditor: The Toronto-Dominion Bank · Security: Collateral mortgage on the Real Property (26233 Highway 48, Sutton West, Ontario) and a general security agreement
PDF
Motion Record of the ReceiverPDF
Receivership Order
  • Applicant The Toronto-Dominion Bank
  • Appointee msi Spergel Inc.
  • Appointee role receiver
  • Commencement date 15 November 2022
  • + 5 more extracted facts
PDF
Endorsement of the Honourable Justice Osborne
  • Presiding officer Justice Osborne
PDF
Affidavit of Afreen HafizPDF
Affidavit of Mohammed Abdul HafizPDF
Supplementary Affidavit of Peter Hanke of TD
  • Counsel Aird & Berlis LLP
PDF
Application Record of TD
  • Applicant THE TORONTO-DOMINION BANK
  • Commencement date 12 August 2022
  • Court ONTARIO SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Court file no CV-22-00685439-00CL
  • + 1 more extracted fact
PDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “2314251 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/2314251-ontario-inc

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Sources last checked · summary updated 13 August 2026 · Report a correction · Printed from proceedings.ca/case/2314251-ontario-inc

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.