2750876 Ontario Inc. has been under court-appointed receivership since March 3, 2025, on an application under BIA s. 243 and provincial Judicature Act powers brought by its sole secured creditor, 405 St. David Street Investments Inc. That creditor holds a vendor take-back mortgage registered May 28, 2021 against the real property at 405 St. David Street, Lindsay (Parcels 1, 2 and 3, LRO No. 57, Instrument No. KL177752), in a registered principal amount of $9,860,000.00 bearing interest at 4.0% per annum compounded semi-annually, which matured May 27, 2024. The stated balance owing was $10,510,095.32 as at November 27, 2024, and $11,760,389.97 per a payout statement as at September 15, 2025. Parcel abstracts disclose no other charges, and a PPSA search against the company on January 15, 2025 disclosed no registrations other than the applicant's. The proceeding remains active.
The court granted an approval and vesting order for the sale to 405 St. David Street Investments Inc. Closing terms, as extracted: Vesting effective upon delivery of the Receiver's Certificate confirming payment of Purchase Price, satisfaction/waiver of closing conditions, and completion of the Transaction.
Supplementary Application Record dated February 20, 2025 — Application / notice of application
Debtor
2750876 Ontario Inc.
Applicant
405 St. David Street Investments
Receiver
TDB Restructuring
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Cavanagh | Ontario Superior Court of Justice | 3 orders, Oct 2025 | 318 cases on record |
| Justice Steele | Ontario Superior Court of Justice | 2 orders, Mar 2025 | 245 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverTDB Restructuring | Aird & Berlis LLP | 24 Sep 2025 | Service list · 24 Sep 2025 |
| Applicant405 St. David Street Investments | Rousseau Mazzuca LLP | 20 Feb 2025 | Factum · 20 Feb 2025 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | 405 St. David Street Investments Inc.First charge/mortgage registered against the Real Property on 2021/05/28; registered principal amount $9,860,000 — Applicant/Purchaser; amount per Payout Statement dated September 15, 2025 (Appendix G); registered charge amount was $9,860,000 (2021 VTB mortgage); Security Opinion from A&B confirms validity/enforceability of the mortgage. — debtor: 2750876 Ontario Inc. · as of 15 Sep 2025 | $11.8M | First Report of the Receiver dated September 16, 2025 |
| Secured | |||
| Secured | |||
| Secured |
3 more claims in 1 class The stack holds Secured 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 approved — Transaction approved and vesting of Purchased Assets in the Purchaser authorizedApproval and Vesting Order dated October 3, 2025 · 3 Oct 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 405 St. David Street Investments Inc.the real property municipally known as 405 St. David Street (Vacant Land), Lindsay, Ontario, and all of the assets, undertakings and properties of 2750876 Ontario Inc. acquired for or used in relation to a business carried on by the Debtor · real property · agreement 3 Sep 2025 | Subscribers | Approved3 Oct 2025 | Approval and Vesting Order dated October 3, 2025 |
2 engagements · 2 firms — latest: Aird & Berlis LLPMotion Record of the Receiver · 16 Sep 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Aird & Berlis LLPCounsel | — | — | — | Motion Record of the Receiver · 16 Sep 2025 | |
| TDB Restructuring LimitedReceiver | — | — | — | Motion Record of the Receiver · 16 Sep 2025 |
2 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Ancillary Relief Order dated October 3, 2025
| PDF · Subscribers | |
Approval and Vesting Order dated October 3, 2025
| PDF · Subscribers | |
Endorsement of the Honourable Justice Cavanagh dated October 3, 2025
| PDF · Subscribers | |
Factum of the Motion Record of the Receiver dated September 24, 2025
| PDF · Subscribers | |
Service List dated September 24, 2025
| PDF · Subscribers | |
First Report of the Receiver dated September 16, 2025
| PDF · Subscribers | |
Motion Record of the Receiver dated September 16, 2025
| PDF · Subscribers | |
Appointment Order dated March 3, 2025
| PDF · Subscribers | |
Endorsement of the Honourable Justice Steele dated March 3, 2025
| PDF · Subscribers | |
Factum of the Applicant dated February 20, 2025
| PDF · Subscribers | |
Supplementary Application Record dated February 20, 2025
| PDF · Subscribers | |
Application Record dated January 30, 2025
| 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., “2750876 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/2750876-ontario-inc
Sources last checked · summary updated 7 August 2026 · Report a correction · Printed from proceedings.ca/case/2750876-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.