2495065 Ontario Inc.
Follow- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-23-00708970-00CL
2495065 Ontario Inc. is one of several related Vandyk entities under a court-appointed receivership pursued under BIA s. 243 and provincial Judicature Acts. The receivership touches multiple properties — Heart Lake, Kings Mill, the Ravine, the 240 lands, Buckingham, the 1000 lands, Wabash and the 249 lands itself — each carrying mortgages to lenders including Dorr Capital Corporation, Westmount, KingSett Mortgage Corporation, MCAP Financial Corporation, Fiera FP Real Estate Financing Fund, CIC Management Services, Diversified Capital, 1820277 Ontario Limited, Maxims Holdings and Otera Capital Inc. Confirmed outstanding balances as at the dates of the Receivership Orders range from roughly $9.1 million to $71 million per lender and continue to accrue interest and fees; Otera Capital Inc.'s claim against the 249 property stood at $72,946,000 as at October 23, 2023. Several other mortgages are recorded only at original registered principal, with amounts actually outstanding unconfirmed.
7 earlier updates, back to 12 December 2023 — subscribers.
Debtor
2495065 Ontario Inc.
Receiver
KSV
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Steele | Ontario Superior Court of Justice | 2 orders, Mar 2024 | 220 cases on record |
| Justice Cavanagh | Ontario Superior Court of Justice | 2 orders, Dec 2023 | 288 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverKSV | Thornton Grout Finnigan LLP Previously Osler, Hoskin & Harcourt LLP (last seen 8 Mar 2024) | 5 Mar 2024 | Service list · 29 Oct 2024 |
| Applicant | Fogler, Rubinoff LLP | 29 Oct 2024 | Service list · 29 Oct 2024 |
| Debtor2495065 Ontario Inc. | Rothstein LLP | 29 Oct 2024 | Service list · 29 Oct 2024 |
| CreditorKohn Partnership Architects Inc | Fogler, Rubinoff LLP | 29 Oct 2024 | Service list · 29 Oct 2024 |
| CreditorSvN Architects + Planners Inc | Fogler, Rubinoff LLP · Glaholt Bowles LLP | 29 Oct 2024 | Service list · 29 Oct 2024 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Otera Capital Inc. · in 2 casesMortgage registered on title to 249 Real Property — Per document footnote, reflects the amount owing as at October 23, 2023 (differs from the general 'as at date of Receivership Order' figures used for other creditors). — debtor: 2495065 Ontario Inc. (249) · as of 23 Oct 2023 | $72.9M | Consolidated Report of the Receiver dated March 1, 2024 |
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.
Sale process approved — the Sale Processes be and are hereby approvedSale Process Approval Order dated March 8, 2024 · 8 Mar 2024
| Date | Document | File |
|---|---|---|
Service List as at October 29, 2024
| PDF · Subscribers | |
Endorsement of Justice Steele dated March 8, 2024
| PDF · Subscribers | |
Sale Process Approval Order dated March 8, 2024
| PDF · Subscribers | |
Factum of the Receiver dated March 5, 2024
| PDF · Subscribers | |
Consolidated Report of the Receiver dated March 1, 2024
| PDF · Subscribers | |
| Motion Record of the Receiver dated March 1, 2024 | PDF · Subscribers | |
| Affidavit of Leonard Damiani sworn January 8, 2024 | PDF · Subscribers | |
Endorsement of Justice Cavanagh dated December 12, 2023
| PDF · Subscribers | |
Receivership Order dated December 12, 2023
| PDF · Subscribers | |
Application Record dated November 2, 2023
| 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., “2495065 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/2495065-ontario-inc