2501192 Ontario Inc.
- Proceeding
- Receivership (private)Subsection 245 & 246 (1) of the Bankruptcy and Insolvency Act
2501192 Ontario Inc., operating as Gong Cha Bubble Tea, remains in active insolvency proceedings following the appointment of a receiver on December 15, 2020. The receiver's statement of Property discloses cash on hand of $62,719.66 as at that date, the only property listed. Toronto-Dominion Bank holds a General Security Agreement over the company's property, with an estimated $185,151 owed as of the appointment date; TD also appears on the creditor list as an unsecured creditor in the same amount, which may reflect a deficiency or a duplicate entry. BMW Canada Inc, the Canada Revenue Agency and Emperor's Tea Canada Inc are also listed as unsecured creditors, each in an unknown amount.
Debtor
2501192 Ontario Inc.
Receiver
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Toronto-Dominion Bank · in 48 casesas of receivership appointment date (December 15, 2020) — General Security Agreement — Estimated amount owed to creditor holding security on the property, as stated in Notice and Statement of Receiver — debtor: 2501192 Ontario Inc. o/a Gong Cha Bubble Tea | $185K | Notice and Statement of the Receiver |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
4 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansClosed · the record states no distribution outcome.
As at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Notice and Statement of the Receiver
| PDF · Subscribers | |
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CiteProceedings., “2501192 Ontario Inc.” (Receivership (private)). Retrieved 4 November 2026, https://proceedings.ca/case/2501192-ontario-inc