2505243 Ontario Limited

1 Oct 2025

#Order

Endorsement of Justice Black dated October 1, 2025 — Endorsement / reasons

26 Sep 2025

#Filing

Proposal Trustee's Factum dated September 26, 2025 — Factum / brief

3 Sep 2025

#Filing

Motion Record of the Proposal Trustee dated September 3, 2025 — Application / notice of application

15 Mar 2024

#Report

ESDC Notice to Employees dated March 15, 2024 — Stakeholder communication

31 Aug 2023

#Claims

A claims procedure was approved.

Source: Claims Procedure Order dated August 31, 2023

31 Aug 2023

#Order

Discontinuance Order of Proposed Representative Counsel dated August 31, 2023 — Order (other)

31 Aug 2023

#Order

Endorsement of Justice Cavanagh dated August 31, 2023 — Endorsement / reasons

28 Aug 2023

#Filing

Factum of the Proposal Trustee dated August 28, 2023 — Factum / brief

18 Aug 2023

#Report

The officer filed report no. Eighth Report. The Company's business operations have long since ceased following the July 2020 termination of its contract with PGH and closure of its restaurants due to Covid-19; the current activities relate solely to litigation recovery and administering an employee compensation claims process funded by PGH litigation proceeds.

Source: Proposal Trustee's Eighth Report to Court dated August 18, 2023

16 Aug 2023

#Filing

Motion Record of the Proposal Trustee returnable August 31, 2023 — Application / notice of application

4 May 2023

#Order

Judgement of the Supreme Court of Canada dated May 4, 2023 — Order (other)

26 Jan 2023

#Filing

Response to Application for Leave to Appeal of the Respondent dated January 26, 2023 — Application / notice of application

29 Nov 2022

#Order

Court Order dated November 29, 2022 — Order (other)

30 Aug 2021

#Order

Court Order dated August 30, 2021 re DIP Increase — Order (other)

30 Aug 2021

#Order

Endorsement of Justice Cavanagh dated August 30, 2021 — Endorsement / reasons

30 Aug 2021

#Order

Proposal Approval Order dated August 30, 2021 — Plan sanction / final order

25 Aug 2021

#Filing

Factum of the Proposal Trustee re Motion returnable August 30, 2021 — Factum / brief

20 Aug 2021

#Report

The officer filed report no. Seventh Report. The Company is not presently operating and has only one remaining employee, with disbursements limited mainly to payroll while it pursues litigation against PGH and works toward implementing its Proposal.

Source: Proposal Trustee's Seventh Report to Court dated August 20, 2021

20 Aug 2021

#Filing

Motion Record of the Proposal Trustee returnable August 30, 2021 — Application / notice of application

5 Aug 2021

#Report

The officer filed report no. Proposal Trustee's Preliminary Report to Creditors. The Company's restaurant operations at Hotel X ceased after PGH terminated the agreements and the restaurants closed due to COVID-19; the Company's only material assets are amounts receivable from PGH litigation, and it is pursuing a proposal funded by those litigation proceeds rather than continuing operations.

Source: Report to creditors dated August 5, 2021

5 Aug 2021

#Report

Letter to Creditors dated August 5, 2021 — Stakeholder communication

5 Aug 2021

#Filing

Notice of Court Approval of Proposal dated August 5, 2021 — Notice of hearing

26 Jul 2021

#Filing

Certificate of Filing a Proposal dated July 26, 2021 — NOI certificate of filing

26 Jul 2021

#Filing

Proposal dated July 26, 2021 — Proposal document

5 Jul 2021

#Order

Judgment dated July 5, 2021 — Order (other)

26 May 2021

#Order

Court Order dated May 26, 2021 — Order (other)

21 May 2021

#Report

Proposal Trustee's Sixth Report to Court dated May 21, 2021 — Court officer report

20 May 2021

#Filing

Motion Record of 2505243 Ontario Limited returnable May 26, 2021 — Application / notice of application

1 Mar 2021

#Order

Stay Extension Order dated March 1, 2021 was filed.

Source: Stay Extension Order dated March 1, 2021

1 Mar 2021

#Order

Endorsement of Justice Gilmore dated March 1, 2021 — Endorsement / reasons

25 Feb 2021

#Report

The officer filed report no. Fifth Report. The Company is not presently operating, has only a small number of employees, and its only material asset is its litigation claim against PGH; its ability to file a proposal depends on the outcome of that litigation.

Source: Proposal Trustee's Fifth Report to Court dated February 25, 2021

24 Feb 2021

#Filing

Factum of 2505243 Ontario Limited dated February 24, 2021 — Factum / brief

24 Feb 2021

#Filing

Motion Record of 2505243 Ontario Limited dated February 24, 2021 — Application / notice of application

22 Jan 2021

#Order

Extension Order dated January 22, 2021 was filed.

Source: Extension Order dated January 22, 2021

22 Jan 2021

#Order

Endorsement of Hainey Justice Hainey dated January 22, 2021 — Endorsement / reasons

19 Jan 2021

#Report

The officer filed report no. Fourth Report. The Company is not presently operating and has only a small number of employees; its only material asset is litigation against PGH, and disbursements are limited to payroll and professional costs while receipts are expected mainly from government wage subsidies.

Source: Proposal Trustee's Fourth Report to Court dated January 19, 2021

18 Jan 2021

#Filing

Motion Record of 2505243 Ontario Limited returnable January 22, 2021 — Application / notice of application

22 Dec 2020

#Order

Endorsement of Justice Koehnen dated December 22, 2020 — Endorsement / reasons

4 Dec 2020

#Order

Extension Order dated December 4, 2020 was filed.

Source: Extension Order dated December 4, 2020

1 Dec 2020

#Report

The officer filed report no. Third Report. The Company is not presently operating and has only a small number of employees; its only material asset is litigation against PGH, and it is relying on DIP financing and wage subsidies to fund minimal costs while pursuing that litigation toward a scheduled trial in March 2021.

Source: Proposal Trustee's Third Report to Court dated December 1, 2020

30 Nov 2020

#Filing

Motion Record of 2505243 Ontario Limited returnable December 4, 2020 — Application / notice of application

10 Nov 2020

#Order

Endorsement of Justice Koehnen dated November 10, 2020 — Endorsement / reasons

20 Oct 2020

#Order

Extension Order dated October 20, 2020 was filed.

Source: Extension Order dated October 20, 2020

20 Oct 2020

#Order

Endorsement of Justice Koehnen dated October 20, 2020 — Endorsement / reasons

18 Oct 2020

#Report

The officer filed report no. Second Report. The Company's restaurant operations at Hotel X were terminated by PGH and it currently has essentially no operating business other than pursuing litigation against PGH, with minimal projected cash receipts limited to government wage subsidies.

Source: Proposal Trustee's Second Report to Court dated October 18, 2020

18 Oct 2020

#Filing

Factum of 2505243 Ontario Limited re Motion returnable October 20, 2020 — Factum / brief

16 Oct 2020

#Filing

Motion Record of 2505243 Ontario Limited returnable October 20, 2020 was filed. Court file 31-2675288.

Source: Motion Record of 2505243 Ontario Limited returnable October 20, 2020

14 Oct 2020

#Report

E-Service Protocol Notice dated October 14, 2020 — Stakeholder communication

9 Oct 2020

#Order

Court Order dated October 9, 2020 — Order (other)

9 Oct 2020

#Order

Endorsement of Justice Koehnen dated October 9, 2020 — Endorsement / reasons

1 Oct 2020

#Claims

NOI Notice to Creditors dated October 1, 2020 — Notice to creditors

29 Sep 2020

#Filing

Book of Authorities of 2505243 Ontario Limited returnable September 29, 2020 — Application / notice of application

29 Sep 2020

#Order

Book of Authorities of the Applicants returnable September 29, 2020 — Order (other)

#Order

Endorsement of Justice Jean dated September 28, 2020 — Endorsement / reasons

#Filing

Factum of the Applicants returnable September 29, 2020 — Factum / brief

#Report

Proposal Trustee's First Report to Court dated September 28, 2020 — Court officer report

#Filing

Reply Motion Record of the Applicants returnable September 29, 2020 — Application / notice of application

27 Sep 2020

#Filing

Factum of 2505243 Ontario Limited returnable September 29, 2020 — Factum / brief

25 Sep 2020

#Filing

Affidavit of P. Choi returnable September 29, 2020 — Affidavit

24 Sep 2020

#Filing

Certificate of Filing a Notice of Intention to Make a Proposal dated September 24, 2020 — NOI certificate of filing

Undated filings1 — no date appears on the document · show

—

Claims

Proof of Claim and Voting Letter — Claims process approved

Parties

Debtor

2505243 Ontario Limited

Proposal trustee

KSV

Bench and counselPer the orders and service lists on the record

Bench

Judge	Court	On this docket	Cases on record
Justice Koehnen	Ontario Superior Court of Justice	6 orders, Oct 2020 – Dec 2020	83 cases on record
Justice Cavanagh	Ontario Superior Court of Justice	5 orders, Aug 2021 – Aug 2023	318 cases on record
Justice Gilmore	Ontario Superior Court of Justice	3 orders, Mar 2021 – Jul 2021	68 cases on record

Counsel of record

Party	Counsel	First seen	Source
Proposal trusteeKSV	Paliare Roland Rosenberg Rothstein LLP	30 Aug 2021	Order · 30 Aug 2021
Debtor2505243 Ontario Limited	Norton Rose Fulbright Canada LLP	29 Sep 2020	Application · 29 Sep 2020
CreditorPrinces Gates GP Inc	Loopstra Nixon LLP	29 Sep 2020	Factum · 28 Sep 2020
CreditorRespondenVCross	Norton Rose Fulbright Canada LLP	29 Nov 2022	Order · 29 Nov 2022
CreditorStephen Moreau	CAVALLUZZO HAYES SHILTON McINTYRE & CORNISH LLP	31 Aug 2023	Endorsement · 31 Aug 2023

Capital structureAs asserted in the filings

stated amounts, drawn to scale · for subscribers

Priority class	Creditor	Amount	Source
Unsecured	1895299 Ontario Limiteddebtor: 2505243 Ontario Limited · as of 24 Sep 2020	$2.56M	NOI Notice to Creditors dated October 1, 2020
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured
Unsecured

141 more claims in 1 class The stack holds Unsecured claims.

Every creditor and every amount, drawn to scale.

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RecoveriesAs declared or paid

Unsecured creditors: a distribution.FinalMotion Record of the Proposal Trustee · 13 Aug 2025

Class	Creditor	Claims	Recovery	Basis	Source
Preferred	Former Employees	—		Finalper the proposal trustee	Motion Record of the Proposal Trustee · 13 Aug 2025
Unsecured	Unsecured Creditors (Admitted Claims)	listed	cumulative	Finalper the proposal trustee	Motion Record of the Proposal Trustee · 13 Aug 2025

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.

4 blurred figures above

The claims and what each class or creditor recovers — each as the filing states it, with its source.

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Fees and ratesAs stated in the filings

2 engagements · 2 firms — latest: KSV Restructuring Inc.Motion Record of the Proposal Trustee · 3 Sep 2025

Firm	Period	Hours	Fees	Rates	Source
KSV Restructuring Inc.Proposal trustee	—	—	—		Motion Record of the Proposal Trustee · 3 Sep 2025
Paliare Roland Rosenberg Rothstein LLPCounsel to the trustee	—	—	—		Motion Record of the Proposal Trustee · 3 Sep 2025

2 blurred figures above

What each firm billed — each as the filing states it, with its source.

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Estate financialsReported figures — never derived

Total assets at filing

Total liabilities at filing

As at ·

Cash on hand

$106K

As at 20 Aug 2021Proposal Trustee's Seventh Report to Court dated August 20, 2021

Professional fees

As at

1 more reported figure, and the 2 totals the debtor stated at filing

Each one as the filing states it, with its source.

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