2508342 Ontario Inc. o/a Ultramar
Follow- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
2508342 Ontario Inc., operating as Ultramar, was placed in court-appointed receivership on November 28, 2018 in the Ontario Superior Court of Justice, under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The application followed a demand by Bank of Montreal, described as the company's senior secured creditor, which delivered a Notice of Intention to Enforce Security by letter dated October 18, 2018. The bank's position rested on a General Security Agreement dated June 6, 2016, a mortgage registered June 9, 2016 with Standard Charge Terms, a fixed rate term loan and an overdraft demand loan both dated June 6, 2016, a commercial letter of credit and a promissory note. No balance owing is stated in the record. The proceeding is closed.
Debtor
2508342 Ontario Inc. o/a Ultramar
Receiver
msi Spergel inc.
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Conway | Ontario Superior Court of Justice | 2 orders, Aug 2020 | 285 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Receivermsi Spergel inc. | Borden Ladner Gervais LLP | 25 Aug 2020 | Order · 25 Aug 2020 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Bank of Montreal · in 279 casesGeneral Security Agreement dated June 6, 2016; Mortgage registered June 9, 2016 with Standard Charge Terms; Fixed Rate Term Loan dated June 6, 2016; Overdraft Demand Loan dated June 6, 2016; Commercial Letter of Credit; Promissory Note — Bank described as senior secured creditor; demand made and Notice of Intention to Enforce Security delivered by letter dated October 18, 2018; no balance amount stated in these pages — debtor: 2508342 Ontario Inc. | — | Application Record Returnable |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
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.
Closed · the record states no distribution outcome.
| Date | Document | File |
|---|---|---|
Approval and Vesting Order
| ||
Discharge Order
| ||
| Motion Record returnable | ||
Endorsement of Justice Wilton-Siegel
| ||
| Receivership Order | ||
Application Record Returnable
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “2508342 Ontario Inc. o/a Ultramar” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/2508342-ontario-inc-o-a-ultramar