#Filing
Aide-Memoire of the Receiver (Motion for Discharge Returnable on October 7 2024) dated — Application / notice of application
2722959 Ontario Ltd. and 2156775 Ontario Inc.
ActiveFollow
- Proceeding
- Receivership (court-appointed)section 101 of the Courts of Justice Act
- File
- CV-22-00684100-00CL
- Industry
- Manufacturing · Food & beverage manufacturing
OverviewSummary updated
2722959 Ontario Ltd. and 2156775 Ontario Inc. have been under the receivership of MNP Ltd. since November 3, 2022, when the Ontario Superior Court of Justice appointed MNP on the application of Canadian Western Bank under section 101 of the Courts of Justice Act, in an investigatory, non-possessory capacity (Court File No. CV-22-00684100-00CL). CWB holds a general security agreement dated April 5, 2022 from 2722959 supporting facilities of $100,000 and $500,000 demand loans and a $25,000 corporate credit card, of which $500,000 was advanced April 7, 2022. 2722959's unaudited balance sheet at January 31, 2022 shows assets of $17,741,383 against liabilities of $19,000,437. Claims against 2156775 include trade payables of $22,248,477 at February 4, 2021, CRA deemed trust claims of $7,878,261 for unremitted HST and $71,046 in source deductions, and $273,906.53 under sixteen Ministry of Labour Orders to Pay.
Proceedings AIOpen Proceedings AI
Case updates30 dated entries
#Report
The officer filed report no. Second Report. The Debtors ceased all business operations around May 12, 2022; the receivership has been non-possessory and investigatory in nature, focused on investigating the Debtors' affairs, facilitating settlements over disputed water fee funds, and winding down remaining administrative matters (records disposal) before seeking discharge.
Source: Second report to the Court dated
#Filing
Motion Record of the Receiver (Re: Motion for Discharge) Returnable on October 7, 2024 — Application / notice of application
#Filing
Reply to the Cost Submissions Submitted by the City of Mississauga — Response / objection pleading
#Filing
Reply to the Cost Submissions Submitted by the Regional Municipality of Peel — Response / objection pleading
#Filing
Supplementary Motion Record (returnable on May 24, 2023) — Application / notice of application
#Filing
Responding Motion Record of the Corporation of the city of Mississauga (returnable on May 24, 2023) dated — Response / objection pleading
#Order
On Canadian Western Bank's application, the court appointed MNP Ltd. as investigatory, non-possessory receiver of both companies under section 101 of the Courts of Justice Act.
Source: Appointment Order dated
#Filing
Application filed in the Ontario Superior Court of Justice under court file CV-22-00684100-00CL, commencing the receivership proceedings against both companies.
Source: Notice of Application dated
Parties
Debtor
2722959 Ontario Ltd. and 2156775 Ontario Inc.
Receiver
MNP
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Osborne | Ontario Superior Court of Justice | 2 orders, Nov 2022 | 168 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverMNP | Reconstruct LLP | 23 Jan 2023 | Service list · 23 Jan 2023 |
| ApplicantCanadian Western Bank | Miller Thomson LLP | 14 Jul 2022 | Application · 14 Jul 2022 |
| Debtor2722959 Ontario Ltd. and 2156775 Ontario Inc. | Lo Greco Stilman LLP | 23 Jan 2023 | Service list · 23 Jan 2023 |
| CreditorCJR Wholesale Grocers Ltd | AFFLECK GREENE McMURTRY LLP | 23 Jan 2023 | Service list · 23 Jan 2023 |
| CreditorEastgate Group Inc | Keyser Mason Ball, LLP | 2 Sep 2022 | Affidavit · 2 Sep 2022 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Canadian Western Bank · in 83 casesas of approximately, per commitment letter April 4, 2022 — General Security Agreement dated April 5, 2022; Assignment and Postponement Agreements from 215 and Ms. Runaghan — Facility limit: $100,000 demand loan, $500,000 non-revolving demand loan, $25,000 corporate credit card; $500,000 advanced April 7, 2022; security opinion confirms valid and enforceable against 272 and effective against a trustee in bankruptcy — debtor: 2722959 Ontario Inc. | $625K | First Report of the Receiver dated |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 5 | PMSI / lessors | |||
| 7 | Preferred (BIA s. 136) |
19 more claims in 4 classes The stack holds Secured, PMSI / lessors, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansRecoveriesAs stated in the filings
Unsecured creditors: no distribution. Rovinelli Holdings Inc. a distribution · Canada Revenue Agency a distribution.EstimatedSecond report to the Court dated · 2 Oct 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Landlord | Rovinelli Holdings Inc. | — | a distribution | per the receiver | Aide-Memoire of the Receiver (Motion for Discharge Returnable on… · 7 Oct 2024 |
| Unsecured | Rovinelli, Eastgate or any other creditors | — | no distributionconditional | Estimatedper the receiver | Second report to the Court dated · 2 Oct 2024 |
| UnsecuredCRA (deemed trust - unremitted HST and source deductions) | Canada Revenue Agency | — | a distribution | per the receiver | Aide-Memoire of the Receiver (Motion for Discharge Returnable on… · 7 Oct 2024 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
Fees and ratesAs stated in the filings
1 engagement · 1 firm — MNP Ltd.Second report to the Court dated · 2 Oct 2024
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| MNP Ltd.Receiver | — | — | Second report to the Court dated · 2 Oct 2024 |
2 blurred figures above
What the firm billed — each as the filing states it, with its source.
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See all plansEstate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing
As at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plansDocuments
30 filings
| Date | Document | File |
|---|---|---|
Aide-Memoire of the Receiver (Motion for Discharge Returnable on October 7 2024) dated
| PDF · Subscribers | |
| Motion Record of the Receiver (Re: Motion for Discharge) Returnable on October 7, 2024 | PDF · Subscribers | |
Second report to the Court dated
| PDF · Subscribers | |
| Reply to the Cost Submissions Submitted by the City of Mississauga | PDF · Subscribers | |
| Reply to the Cost Submissions Submitted by the Receiver | PDF · Subscribers | |
| Reply to the Cost Submissions Submitted by the Regional Municipality of Peel | PDF · Subscribers | |
| Submissions of Canadian Western Bank dated | PDF · Subscribers | |
| Abbreviated Book of Authorities | PDF · Subscribers | |
| Factum of the Corporation of the City of Mississauga | PDF · Subscribers | |
Letter to Service List
| PDF · Subscribers | |
| Revised Confirmation of Motion | PDF · Subscribers | |
| Book of Authorities of the Respondent | PDF · Subscribers | |
| Factum of the Respondent | PDF · Subscribers | |
| Second Supplement Motion Record Vol1 | PDF · Subscribers | |
| Second Supplement Motion Record Vol2 | PDF · Subscribers | |
| Supplementary Responding Motion Record dated | PDF · Subscribers | |
First Report of the Receiver dated
| PDF · Subscribers | |
| Motion Record dated | PDF · Subscribers | |
| Supplementary Motion Record (returnable on May 24, 2023) | PDF · Subscribers | |
| Responding Motion Record of the Corporation of the city of Mississauga (returnable on May 24, 2023) dated | PDF · Subscribers | |
Endorsement of Madam Justice Steele dated
| PDF · Subscribers | |
| Motion Record (returnable on March 15, 2023) dated | PDF · Subscribers | |
Service List as of
| PDF · Subscribers | |
Appointment Order dated
| PDF · Subscribers | |
Endorsement of Mr. Justice Osborne dated
| PDF · Subscribers | |
| Amended Application Record dated | PDF · Subscribers | |
Affidavit of Eugene Rovinelli sworn on
| PDF · Subscribers | |
Endorsement of Mr. Justice McEwen dated
| PDF · Subscribers | |
| Affidavit of Rod Randall sworn on | PDF · Subscribers | |
Notice of Application dated
| 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., “2722959 Ontario Ltd. and 2156775 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/2722959-ontario-ltd-and-2156775-ontario-limited