2506275

2506275 Ontario Limited was the subject of a court-appointed receivership under s. 243 of the BIA and provincial Judicature Act authority in the Ontario Superior Court of Justice, under court files CV-23-00000531-0000 and CV-23-00005531-0000. Working from what it described as the limited available books and records of the debtor, the receiver identified a single asset — the property at 1712 Lakeshore Road West, Mississauga — carried at a net book value stated as unknown. Secured liabilities were put at $383,560: $350,000 owing to Meridian Credit Union Limited and a $33,560 municipal claim by the Corporation of the City of Mississauga against the Lakeshore Road property. The Canada Revenue Agency was listed under preferred and unsecured liabilities in the receiver's statement under ss. 245(1) and 246(1) of the BIA, in an amount stated as unknown. The proceeding is closed.