#Filing
Applied to appoint Rosen Goldberg Inc. receiver of 2538983 Ontario Inc. on the lenders' first charge over the Coboconk Property, with $6,361,900.44 outstanding as of April 19, 2024.
Source: Notice of Application
2538983 Ontario Inc. (Coboconk)
ActiveFollow
- Proceeding
- Receivership (court-appointed)SUBSECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, R.S.C. 1985, C. B-3, AS AMENDED AND SECTION 101 OF THE COURTS OF JUSTICE ACT, R.S.O. 1990, C. C.43, AS AMENDED
- File
- CV-24-00720683-00CL
- Industry
- Retail · Gas stations & convenience stores
OverviewSummary updated
2538983 Ontario Inc. is the subject of a receivership proceeding in Ontario begun on May 22, 2024, when Calicom Solutions Inc., Lardan Investments Inc. and the other lenders applied to the Ontario Superior Court of Justice under subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, proposing Rosen Goldberg Inc. as receiver. The lenders' facility was originally $5,950,000.00 at 8.25% per annum, renewed February 20, 2023 at BMO prime plus 3.5% with a 10% floor, and the balance stood at $6,361,900.44 as of April 19, 2024, accruing $1,796.40 a day. Their first charge over the Coboconk Property was registered February 23, 2022; 276914 Ontario Inc. registered a $500,000.00 second charge on March 21, 2023.
Proceedings AIOpen Proceedings AI
Case updates1 dated entry · 1 undated
Undated filings1 — no date appears on the document · show
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Parties
Debtor
2538983 Ontario Inc. (Coboconk)
Receiver
Rosen Goldberg
Bench and counselPer the orders and service lists on the record
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Applicant | Garfinkle, Biderman LLP | 22 May 2024 | Application · 22 May 2024 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Calicom Solutions Inc., Lardan Investments Inc., 1407659 Ontario Inc., 1961362 Ontario Inc., Solest Investments Limited, Soudan Management Service Ltd., Mark J. Shiner Professional Corporation, MarilyFirst ranking Charge/Mortgage registered Feb 23, 2022, Instrument No. KL189078, principal sum $5,950,000.00 (loan facility amount) against Coboconk Property; General Assignment of Rents registered Feb 23, 2022 (Instrument No. KL189079); General Security Agreement registered Feb 23, 2022 (PPSA Financing Statement No. 20220223 1552 1590 9410); Assignment of Lease dated Jan 13, 2022 re Lease with TDL Group Corp — Loan facility originally $5,950,000.00 at 8.25% per annum, renewed Feb 20, 2023 with floating rate BMO prime + 3.5% (floor 10%); outstanding balance stated as $6,361,900.44 as of April 1 · as of 19 Apr 2024 | $6.36M | Notice of Application |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 5 | PMSI / lessors |
7 more claims in 2 classes The stack holds Secured and PMSI / lessors claims.
Every creditor and every amount, drawn to scale.
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See all plansThis 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.
Documents2 filings
| Date | Document | File |
|---|---|---|
Notice of Application
| PDF · Subscribers | |
Affidavit of Stan Borenstein
| 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., “2538983 Ontario Inc. (Coboconk)” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 6 November 2026, https://proceedings.ca/case/2538983-ontario-inc-coboconk