Proceedings.

2616766 Ontario Limited

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Proceeding
Receivership (court-appointed)Section 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
Court
Ontario Superior Court of Justice · Commercial List
File
CV-25-00738703-00CL
Industry
Real estate · Rental & income property
Filings held37
Last activity25 Jun 2026
On the record567 days
OverviewSummary updated

2616766 Ontario Limited has been under court-appointed receivership since April 17, 2025, when the Ontario Superior Court of Justice (Commercial List) appointed KSV Restructuring Inc. as Receiver and Manager on the application of Cerruti Investments Inc., under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act (file CV-25-00738703-00CL). The stated purpose was to maximize the value of the debtor's real property through a Court-supervised sale process. The Court approved sale and claims processes on September 9, 2025, with claims due by 5:00 p.m. on October 9, 2025. On March 11, 2026 the Court approved a sale to Cerruti Investments Inc. and 6500 Cantelon Drive Inc. The Receiver's Fourth Report, dated June 21, 2026, records that the transaction closed, construction lien claims were settled and distributions were made to Laminar and the lien claimants. A further order followed on June 25, 2026.

Claims processIf you are owed money

The claims bar date has passed — claims were due by

ContactKSV Restructuring Inc. · Martin Kosic · mkosic@ksvadvisory.com

Per the Construction Lien Claims Procedure Order dated September 9, 2025 dated 9 September 2025.

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Case updates38 dated entries
#Report

Reported the Transaction closed: Receiver's Closing Certificate issued, construction lien claims settled and paid, distributions made to Laminar, lien proceedings discontinued, City of Windsor permits transferred, and CRA HST matters addressed.

Source: Fourth Report of the Receiver dated June 21, 2026

#Order

Appointed KSV Restructuring Inc. Receiver and Manager on Cerruti Investments Inc.'s application, granted a stay, and created a first-ranking Receiver's Charge and a borrowings charge capped at $1,000,000.

Source: Receivership Order dated April 17, 2025

Parties

Debtor

2616766 Ontario Limited

Applicant

Cerruti Investments Inc.

Receiver

KSV

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice DietrichOntario Superior Court of Justice12 orders, Mar 2025 – Jun 2026132 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverKSVGoodmans LLP5 Sep 2025Factum · 5 Sep 2025
ApplicantCerruti Investments Inc.McMillan LLP17 Apr 2025Order · 17 Apr 2025
Debtor2616766 Ontario LimitedChaitons LLP17 Apr 2025Factum · 17 Apr 2025
CreditorAqua Temp Mechanical Contractors Limited and Windsor Power & Light LtdKirwin Partners LLP5 Mar 2026Service list · 5 Mar 2026
CreditorBoulder Group IncJosh Winter Law5 Mar 2026Service list · 5 Mar 2026
CreditorClassic Fire & Safety IncSoloway Wright LLP5 Mar 2026Service list · 5 Mar 2026
CreditorFulger Transport IncStrosberg Wingfield Sasso LLP5 Mar 2026Service list · 5 Mar 2026
CreditorJ oe's Cement Work (2019)Legal Focus LLP5 Mar 2026Service list · 5 Mar 2026
CreditorTatro Horizons LtdKirwin Fryday Medcalf Lawyers LLP5 Mar 2026Service list · 5 Mar 2026
CreditorVanroboys Enterprises LtdScott Petrie LLP5 Mar 2026Service list · 5 Mar 2026
CreditorVipen ChauserMilosevic & Associates9 Sep 2025Application · 9 Sep 2025
CreditorWallace-Kent Sprinkler Systems IncBrown Beattie O'Donovan LLP5 Mar 2026Service list · 5 Mar 2026
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
Court-ordered charges
1Court-ordered chargesReceiver's Borrowings Charge — in priority to all security interests, trusts, liens, charges and encumbrances, statutory or otherwise, in favour of any Person, but subordinate in priority to the Receiver's Charge and the charges set out in sections 14$1MReceivership Order dated April 17, 2025
1Court-ordered charges
Pre-filing debt
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured

14 more claims in 2 classes The stack holds Court-ordered charges and Secured claims.

Every creditor and every amount, drawn to scale.

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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.

Sale processPer the transactions

Sale approvedApproval and Vesting Order dated March 11, 2026 · 11 Mar 2026

PurchaserPriceStatusSource
Cerruti Investments Inc. and 6500 Cantelon Drive Inc.not statedApproved11 Mar 2026Approval and Vesting Order dated March 11, 2026
Closing termsVesting of the Purchased Assets in the Designated Buyer occurs upon delivery of the Receiver's Certificate to the Purchaser, confirming satisfaction of the Purchase Price, satisfaction or waiver of closing conditions under Section 8 of Schedule A to the Sale Agreement, and completion of the Transaction to the Receiver's satisfaction.Approval and Vesting Order dated March 11, 2026
Sealed materialsConfidential Appendix to the Third ReportApproval and Vesting Order dated March 11, 2026
RecoveriesAs stated in the filings

Closed · the record states no distribution outcome.

Fees and ratesAs stated in the filings

9 engagements · 4 firms — latest: Goodmans LLP, 1 Mar – 12 Jun 2026, approvedMotion Record of the Receiver · 21 Jun 2026

FirmPeriodHoursFeesRatesSource
(firm not named)Receiverperiod 2 of 2 · firm not named in the heading1 Mar – 31 May 2026Approved——Motion Record of the Receiver · 21 Jun 2026
(firm not named)capacity not statedperiod 2 of 2 · firm not named in the heading1 Mar – 31 May 20263 peopleFourth Report of the Receiver · 21 Jun 2026
3 people — (firm not named), 1 Mar – 31 May 2026 · 12 blurred figures
NameTitleHoursRateFees
Noah GoldsteinOverall responsibilityPartner and Managing Director
Murtaza TallatAll aspects of mandatePartner
Martin KosicAll aspects of mandateVice President
Other staff and administrative—
AlixPartners Restructuring, Inc.Receiver1 May – 31 May 2026—3 peopleFourth Report of the Receiver · 21 Jun 2026
3 people — AlixPartners Restructuring, Inc., 1 May – 31 May 2026 · 11 blurred figures
NameTitleHoursRateFees
Noah GoldsteinOverall responsibility—
Murtaza TallatAll aspects of the mandate—
Martin KosicAll aspects of the mandate—
Admin and otherAdministrative——
Goodmans LLPCounsel to the receiverperiod 2 of 21 Mar – 12 Jun 2026Approved11 peopleMotion Record of the Receiver · 21 Jun 2026
11 people — Goodmans LLP, 1 Mar – 12 Jun 2026 · 24 blurred figures
NameYear of callHoursRateFees
Ken Herlin1990—
Joe Cosentino1997—
Christopher Armstrong2008—
Ian Andres2007—
Tamryn Jacobson2009—
Chris Baxter2018—
Josh Sloan2024—
Christina D'AversaLaw Clerk—
Gloria LauzonLaw Clerk—
Chloe BechardArticling student—
Basia PaterkowskiCorporate Clerk—
Word ProcessingWord Processing—
Goodmans LLPCounsel to the receiverperiod 1 of 226 Feb – 24 Aug 2025ApprovedFirst Report to Court · 3 Sep 2025
KSV Restructuring Inc.Receiverperiod 4 of 415 Apr – 30 Apr 2026—3 peopleFourth Report of the Receiver · 21 Jun 2026
3 people — KSV Restructuring Inc., 15 Apr – 30 Apr 2026 · 11 blurred figures
NameTitleHoursRateFees
Noah GoldsteinOverall responsibility—
Murtaza TallatAll aspects of the mandate—
Martin KosicAll aspects of the mandate—
Admin and otherAdministrative——
KSV Restructuring Inc.Receiverperiod 3 of 41 Apr – 14 Apr 2026—2 peopleFourth Report of the Receiver · 21 Jun 2026
2 people — KSV Restructuring Inc., 1 Apr – 14 Apr 2026 · 6 blurred figures
NameTitleHoursRateFees
Noah GoldsteinOverall responsibility—
Martin KosicAll aspects of the mandate—
KSV Restructuring Inc.Receiverperiod 2 of 41 Mar – 31 Mar 2026—3 peopleFourth Report of the Receiver · 21 Jun 2026
3 people — KSV Restructuring Inc., 1 Mar – 31 Mar 2026 · 11 blurred figures
NameTitleHoursRateFees
Noah GoldsteinOverall responsibility—
Murtaza TallatAll aspects of the mandate—
Martin KosicAll aspects of the mandate—
Admin and otherAdministrative——
KSV Restructuring Inc.Receiverperiod 1 of 417 Apr – 31 Jul 2025Approved——First Report to Court · 3 Sep 2025

94 blurred figures above

What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.

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Estate financialsReported figures — never derived

Cumulative receipts

$990K

As at 5 Mar 2026Third Report of the Receiver dated March 5, 2026

Cash on hand

As at

Professional fees

As at

2 more reported figures

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

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Documents
37 filings
DateDocumentFile
Discharge and Ancillary Relief Order dated June 25, 2026
  • Commencement date 17 April 2025
  • Counsel Goodmans LLP
  • Court Ontario Superior Court of Justice (Commercial List)
  • Court file no CV-25-00738703-00CL
  • + 6 more extracted facts
PDF · Subscribers
Endorsement of Justice J. Dietrich dated June 25, 2026
  • Presiding officer Justice J. Dietrich
PDF · Subscribers
Fourth Report of the Receiver dated June 21, 2026
  • Operational summary Since the Third Report, the Receiver's activities included corresponding with Laminar, CII and their counsel regarding the Transaction; dealing extensively with engineering and City of Windsor representatives regarding construction/fire watch permits and their transfer to CII; reconciling rent and disbursements; attending to all matters related to closing of the Transaction (including settlement of Construction Lien Claims, issuing the Receiver's Closing Certificate, and providing closing notices); making all Distributions to Laminar and Construction Lien Claimants; assisting with discontinuance of lien proceedings; arranging maintenance and security of the Real Property; corresponding with CRA regarding HST accounts and the CRA Claim; maintaining the Case Website; and preparing this Fourth Report.
  • Cash on hand · Fee schedule · Professional fees Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Motion Record of the Receiver dated June 21, 2026
PDF · Subscribers
Receiver's Certificate dated April 15, 2026PDF · Subscribers
Approval and Vesting Order dated March 11, 2026
  • Closing terms Vesting of the Purchased Assets in the Designated Buyer occurs upon delivery of the Receiver's Certificate to the Purchaser, confirming satisfaction of the Purchase Price, satisfaction or waiver of closing conditions under Section 8 of Schedule A to the Sale Agreement, and completion of the Transaction to the Receiver's satisfaction.
  • Counsel Goodmans LLP
  • Order date 11 March 2026
  • Presiding officer Justice J. Dietrich
  • + 2 more extracted facts
PDF · Subscribers
Distribution and Ancillary Relief Order dated March 11, 2026
  • Counsel Goodmans LLP
  • Court Ontario Superior Court of Justice (Commercial List)
  • Debtor names 2616766 Ontario Limited
  • Order date 11 March 2026
  • + 2 more extracted facts
PDF · Subscribers
Endorsement of Justice Dietrich dated March 11, 2026
  • Presiding officer Justice J. Dietrich
PDF · Subscribers
Factum of the Receiver dated March 8, 2026
  • Counsel Goodmans LLP
PDF · Subscribers
Motion Record of the Receiver dated March 5, 2026PDF · Subscribers
Service List as at March 5, 2026
  • Counsel Brown Beattie O'Donovan LLP
PDF · Subscribers
Third Report of the Receiver dated March 5, 2026
  • Operational summary The Receiver's activities since the First Report included corresponding with management, Laminar and CII, McCloskey and Fieldcraft regarding Deficiencies, reviewing repair quotes including Roof Work, developing and conducting the Court-approved Sale Process with CBRE, reviewing VDR information, handling due diligence requests, advancing a transaction first with a Related Party Bidder and then the proposed Transaction, corresponding with the City regarding building permits, arranging maintenance and security of the Real Property, corresponding with the CRA regarding HST accounts, and drafting this Third Report.
  • Cash on hand · Professional fees · Receipts cumulative Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Endorsement of Justice J Dietrich dated October 28, 2025
  • Presiding officer Justice J. Dietrich
PDF · Subscribers
Aide Memoire of the Moving Party - Vipen Kumar Chauser dated October 24, 2025
  • Counsel Milosevic & Associates
PDF · Subscribers
Aide Memoire of the Receiver dated October 24, 2025
  • Counsel Goodmans LLP
PDF · Subscribers
Affidavit of Vipen Chauser sworn October 22, 2025
PDF · Subscribers
Second Report to Court dated October 15, 2025
  • Report date 15 October 2025
  • Cash on hand · Professional fees · Receipts cumulative Subscribers
  • + 1 more extracted fact
PDF · Subscribers
Endorsement of Justice Dietrich dated September 22, 2025
  • Presiding officer Justice J. Dietrich
PDF · Subscribers
Aide Memoire of the Receiver dated September 21, 2025
  • Counsel Goodmans LLP
PDF · Subscribers
Aide Memoire of the Applicant dated September 19, 2025PDF · Subscribers
Motion Record of Vipen Chauser dated September 17, 2025PDF · Subscribers
Construction Lien Claims Procedure Order dated September 9, 2025
  • Claims bar date 2025-10-09T17:00:00
  • Claims contact Firm: KSV Restructuring Inc. · Email: mkosic@ksvadvisory.com · Address: 220 Bay St., Suite 1300, Toronto, ON M5J 2W4 · Attention: Martin Kosic
  • Counsel Goodmans LLP
  • Order date 9 September 2025
  • + 1 more extracted fact
PDF · Subscribers
Endorsement of Justice Dietrich dated September 9, 2025
  • Presiding officer Justice J. Dietrich
PDF · Subscribers
Notice of Motion dated September 9, 2025
  • Counsel Milosevic & Associates
PDF · Subscribers
Sale Process Approval and Ancillary Relief Order dated September 9, 2025
  • Counsel Goodmans LLP
  • Order date 9 September 2025
  • Presiding officer Justice J. Dietrich
  • Break fee Subscribers
PDF · Subscribers
Factum of the Receiver dated September 5, 2025
  • Counsel Goodmans LLP
PDF · Subscribers
First Report to Court dated September 3, 2025
  • Operational summary The purpose of these receivership proceedings is to maximize the value of the Real Property for the benefit of the Company's stakeholders, including to prepare the Real Property for sale and conduct a Court-supervised sale process.
  • Cash on hand · Fee schedule · Professional fees Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Motion Record of the Receiver dated September 3, 2025
PDF · Subscribers
Endorsement of Justice Dietrich dated April 17, 2025
  • Presiding officer Justice Dietrich
PDF · Subscribers
Factum of 2763161 Ontario Limited re Motion returnable April 17, 2025
  • Counsel Chaitons LLP
PDF · Subscribers
Receivership Order dated April 17, 2025
  • Applicant Cerruti Investments Inc.
  • Appointee KSV Restructuring Inc.
  • Appointee role receiver and manager
  • Charges Subscribers
  • + 10 more extracted facts
PDF · Subscribers
Factum of the Applicant re Motion returnable April 17, 2025
  • Counsel McMillan LLP
PDF · Subscribers
Supplemental Affidavit of Lou Cerruti sworn April 8 2025
PDF · Subscribers
Responding Application Record of the Respondent re Motion returnable April 17, 2025
PDF · Subscribers
Endorsement of Justice Dietrich dated March 19, 2025
  • Presiding officer Justice J. Dietrich
PDF · Subscribers
Application Record of Cerruti Investments Inc. re Motion returnable April 17, 2025
PDF · Subscribers
Notice of Application of re Motion returnable April 17, 2025
  • Counsel McMILLAN LLP
  • Financial position · Secured creditors Subscribers
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., “2616766 Ontario Limited” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 4 November 2026, https://proceedings.ca/case/2616766-ontario-limited

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Sources last checked · summary updated 5 August 2026 · Report a correction · Printed from proceedings.ca/case/2616766-ontario-limited

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.