Proceedings.

2626364 Ontario Inc.

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Active
Proceeding
Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
File
CV-25-00091099-0000
Filings held4
Last activity31 Jul 2025
On the record417 days
Secured debtSubscribers
OverviewSummary updated

2626364 Ontario Inc. has been under court-appointed receivership in Ontario since July 31, 2025, when the Ontario Superior Court of Justice (In Bankruptcy and Insolvency) made a receivership order in the proceeding bearing court file number CV-25-00091099-0000. The appointment rests on section 243 of the Bankruptcy and Insolvency Act together with provincial Judicature Act authority, the usual dual footing for a receiver appointed over an Ontario debtor. The proceeding is active, and the receivership order of July 31, 2025 remains the only step recorded on the file to date.

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Case updates4 dated entries
#Order

Receivership order made, placing 2626364 Ontario Inc. into court-appointed receivership under BIA s. 243 and provincial Judicature Act authority and commencing the proceeding.

Source: Order Appointing Receiver

1 earlier update, back to 31 July 2025 subscribers.

Parties

Debtor

2626364 Ontario Inc.

Receiver

MNP

Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredMeridian Credit Union Limited · in 17 casesFirst-ranking collateral mortgage for $6,100,000.00 registered against title to the King Street Property (2874, 2880 and 2990 King Street East, Hamilton) on June 29, 2023 as Instrument No. WE1683897 (registered principal/face amount, not a balance); General Security Agreement dated June 27, 2023 over all present and after-acquired personal property of the Respondent, perfected by PPSA registration — Outstanding balance stated exclusive of costs, with interest continuing to accrue at the applicable rate; loan facility limit was $6,100,000 (non-revolving demand loan). Indebtedness also secured b · as of 2 Jan 2025$6.11MApplication 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.

Documents4 filings
DateDocumentFile
Endorsement of Justice Valente
  • Presiding officer Justice Valente
PDF · Subscribers
Order Appointing Receiver
  • Applicant MERIDIAN CREDIT UNION LIMITED
  • Appointee MNP Ltd.
  • Appointee role receiver and manager
  • Commencement date 31 July 2025
  • + 7 more extracted facts
PDF · Subscribers
Factum of the ApplicantPDF · Subscribers
Application Record
  • Applicant MERIDIAN CREDIT UNION LIMITED
  • Commencement date 16 July 2025
  • Court SUPERIOR COURT OF JUSTICE
  • Court file no CV-25-00091099-0000
  • + 5 more extracted facts
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., “2626364 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 21 September 2026, https://proceedings.ca/case/2626364-ontario-inc

Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/2626364-ontario-inc

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.