2380630 Ontario Inc. and 2386174 Ontario Incorporated have been under court-appointed receivership in Ontario since July 3, 2018, when Justice McEwen of the Ontario Superior Court of Justice (Commercial List) granted an order appointing a receiver, with endorsement, under court file CV-18-599726-00CL. The proceeding rests on section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. As of July 3, 2018, the date the receiver took possession or control, Bank of Montreal was owed CAD 713,086 by 2380630 Ontario Inc., secured against all of that debtor's assets, undertaking and properties. The receivership remains active.
The court granted an approval and vesting order for the sale to Sharmila Mahalingasivam. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction of closing conditions. Sealed: Confidential Report of the Receiver.
The officer filed report no. Second Report. OpCo's convenience store and gas bar had already ceased operating before the receivership, leaving negligible-value inventory and equipment; the Receiver has since focused on marketing and selling the Real Property and Chattels, having accepted a third offer for sale.
Source: Second Report of the Receiver (for motion returnable July 19, 2019)
First Report of the Receiver (for motion returnable November 14, 2018) — Court officer report
Motion Record of the Receiver (returnable November 14, 2018) — Application / notice of application
The court appointed Albert Gelman Inc. as receiver, on the application of Bank of Montreal. Court file CV-18-599726-00CL.
Justice McEwen appointed a receiver over both debtors and issued an endorsement, commencing the receivership and fixing the date the receiver took possession or control.
Source: Motion Record of the Receiver (returnable July 19, 2019)
Application Record of the Bank of Montreal (returnable July 3, 2018) — Application / notice of application
Debtor
File Documents
Receiver
Albert Gelman
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Wilton-Siegel | Ontario Superior Court of Justice | 2 orders, Nov 2018 | 104 cases on record |
| Justice McEwen | Ontario Superior Court of Justice | 2 orders, Jul 2018 | 134 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorProceeding Commenced at Toronto | Professional Corporation | 14 Nov 2018 | Order · 14 Nov 2018 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Bank of Montreal · in 279 casesSecurity on all assets, undertaking and properties of the Debtor — Amount owed as of receiver's taking possession/control date — debtor: 2380630 Ontario Inc. · as of 3 Jul 2018 | $713K | Notice and Statement of the Receiver – 2380630 Ontario Inc. |
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 transactions · 2 approved · 2 not completed — Transaction approved and vesting order grantedOrder of Justice Hainey dated July 19, 2019 · 19 Jul 2019
| Purchaser | Price | Status | Source |
|---|---|---|---|
| purchaser under the accepted Third Offer for the Real Property and Chattels; named only in sealed Confidential Second Reportthe Real Property and Chattels · real property · agreement 24 May 2019 | Sealedprice contained in sealed Confidential Second Report and Purchase Agreement | Approved | Second Report of the Receiver (for motion… |
| prospective purchaser under the First Offerthe Real Property and Chattels · real property | not stated | Not completed | Second Report of the Receiver (for motion… |
| second prospective buyer under the Second Offerthe Real Property and Chattels · real property | not stated | Not completed | Second Report of the Receiver (for motion… |
| Sharmila Mahalingasivamthe Debtors' right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale | SealedSale Agreement appended to the sealed Confidential Report; price not stated in this order | Approved19 Jul 2019 | Order of Justice Hainey dated July 19, 2019 |
BMO: shortfall.EstimatedSecond Report of the Receiver (for motion · 16 Jul 2019
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | BMO | — | shortfall | Estimatedper the receiver | Second Report of the Receiver (for motion · 16 Jul 2019 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
| Date | Document | File |
|---|---|---|
| Factum (for motion returnable July 19, 2019) | ||
Motion Record of the Receiver (returnable July 19, 2019)
| ||
Order of Justice Hainey dated July 19, 2019
| ||
Second Report of the Receiver (for motion returnable July 19, 2019)
| ||
| Brief of Authorities (for motion returnable November 14, 2018) | ||
Endorsement of Justice Wilton-Siegel dated November 14, 2018
| ||
| Factum (for motion returnable November 14, 2018) | ||
| First Report of the Receiver (for motion returnable November 14, 2018) | ||
Motion Record of the Receiver (returnable November 14, 2018)
| ||
Order of Justice Wilton-Siegel dated November 14, 2018
| ||
Notice and Statement of the Receiver – 2380630 Ontario Inc.
| ||
Application Record of the Bank of Montreal (returnable July 3, 2018)
| ||
Endorsement of Justice McEwen dated July 3, 2018
| ||
Order of Justice McEwen dated July 3, 2018
| ||
| Service List | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “2380630 Ontario Inc. and 2386174 Ontario Incorporated” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/2380630-ontario-inc-and-2386174-ontario-incorporated
Sources last checked · summary updated 11 August 2026 · Report a correction · Printed from proceedings.ca/case/2380630-ontario-inc-and-2386174-ontario-incorporated
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.