2632363 Ontario Inc. is subject to an active court-appointed receivership in the Ontario Superior Court of Justice, carried under court file number CV-24-00000695-0000. The proceeding rests on subsection 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985 c. B-3, as amended, together with section 101 of the Courts of Justice Act, R.S.O. 1990, c. C-43, as amended. The receivership remains open in Ontario. No dated milestones have been entered on this record, and the file number above is the only identifier confirmed for the proceeding.
The court granted an approval and vesting order for the sale to 1001152527 Ontario Inc. Closing terms, as extracted: vesting effective upon delivery of Receiver's Certificate confirming payment of purchase price, satisfaction of closing conditions, and completion of the Transaction.
Source: Approval and Vesting Order
A receivership order was granted. Court file CV-24-00000695-0000.
Source: Order of Justice Mitchell
Debtor
2632363 Ontario Inc.
Receiver
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 985 casesas of pre-receivership debts — HST deemed trust claim asserted by CRA, being the deemed-trust portion of total pre-receivership HST arrears of $136,444.93. Per Callidus Capital Corp. v. Canada, 2018 SCC 47, upon the Company's deemed bankruptcy (Feb 3, 2025) the HST deemed trust ceased to be effective against secured creditors; accordingly BMO's charge has priority over this amount and no distribution is anticipated on account of it. — debtor: 2632363 Ontario Inc. | $130K | Motion Record |
| 3 | Deemed trusts (CRA and other) | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured |
4 more claims in 3 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
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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.
Sale approvedApproval and Vesting Order · 28 Feb 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1001152527 Ontario Inc.the Debtor's right, title and interest, if any, in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · agreement 8 Nov 2024 | not stated | Approved28 Feb 2025 | Approval and Vesting Order |
| Date | Document | File |
|---|---|---|
Ancillary Order
| PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
Motion Record
| PDF · Subscribers | |
Endorsement of Justice Mitchell
| PDF · Subscribers | |
Order of Justice Mitchell
| 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., “2632363 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/2632363-ontario-inc
Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/2632363-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.