2760831 Ontario Inc.
Follow- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- Industry
- Real estate · Rental & income property
2760831 Ontario Inc. has been the subject of a court-appointed receivership proceeding under BIA s. 243 since July 18, 2025, on the application of Caisse Desjardins Ontario Credit Union Inc. The Caisse holds first-ranking mortgages of $399,500 on 381 Leslie Street, Sudbury and $380,000 on 469-471 Pelissier Street, Windsor, with assignments of rents on both and a March 31, 2021 guarantee from Nandan Fozdar. Demand and a notice of intention to enforce security issued June 3, 2024 for $709,614.49 expired June 13, 2024. As of May 29, 2025 the two loans stood at $398,146.70 and $342,557.71, a stated table total of $740,704.41; the same paragraph also asserts $871,188.61. Monthly-payment arrears exceed $53,000. Municipal tax liens ranking ahead of the mortgages stand at $37,873.70 in Windsor and $23,320.99 in Sudbury, after the Caisse paid $114,068.35 to the City of Greater Sudbury around October 3, 2024 to avert a tax sale.
Debtor
2760831 Ontario Inc.
Applicant
Desjardins Ontario Credit Union
Receiver
BDO
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Cavanagh | Ontario Superior Court of Justice | 8 orders, Jul 2025 – May 2026 | 316 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverBDO | Saleh Law Professional Corporation | 13 Apr 2026 | Application · 13 Apr 2026 |
| ApplicantDesjardins Ontario Credit Union | Soloway Wright LLP | 18 Jul 2025 | Order · 18 Jul 2025 |
| CreditorLelise | Saleh Law Professional Corporation | 13 Apr 2026 | Application · 13 Apr 2026 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Caisse Desjardins Ontario Credit Union Inc. · in 23 casesFirst-ranking mortgage, principal $380,000.00, on Windsor Property (469-471 Pelissier St., Windsor); First-ranking mortgage, principal $399,500.00, on Sudbury Property (381 Leslie St., Sudbury); Notices of assignment of rents on both Properties; Guarantees and postponements of claim of Nandan Fozdar (personal guarantor) dated March 31, 2021 for entirety of indebtedness — Loan agreements dated July 10, 2020 and March 31, 2021 totalling $779,500 original principal (Loan 1 $399,500; Loan 2 $380,000). Per-loan outstanding balances as of May 29, 2025: Loan 723697 PR1 $398,146.70 (+$105.41/day inter · as of 29 May 2025 | $741K | Application Record returnable July 18, 2025 |
| Secured | |||
| Secured |
2 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.
Caisse Desjardins Ontario Credit Union Inc.: shortfall.EstimatedMotion Record · 20 May 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Caisse Desjardins Ontario Credit Union Inc. | shortfall | Estimatedper the receiver | Motion Record · 20 May 2026 |
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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plans4 engagements · 2 firms — latest: BDO Canada Limited, 16 Mar – 14 May 2026, in feesMotion Record · 22 May 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| BDO Canada LimitedReceiverperiod 2 of 2 | 16 Mar – 14 May 2026 | Motion Record · 22 May 2026 | |||
| BDO Canada LimitedReceiverperiod 1 of 2 | 21 May 2025 – 15 Mar 2026 | Motion Record · 22 May 2026 | |||
| Gowling WLG (Canada) LLPCounsel to the receiverperiod 2 of 2 | 24 Mar – 13 May 2026 | Motion Record · 22 May 2026 | |||
| Gowling WLG (Canada) LLPCounsel to the receiverperiod 1 of 2 | 19 Jun 2025 – 25 Mar 2026 | Motion Record · 22 May 2026 |
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What each firm billed — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Approval Distribution and Discharge Order - Justice Cavanagh - 27-MAY-2026
| PDF · Subscribers | |
Approval and Vesting Order (469-471 Pelissier) - Justice Cavanagh - 27-MAY-2026
| PDF · Subscribers | |
Endorsement - Justice Cavanagh - 27-MAY-2026
| PDF · Subscribers | |
| Factum of the Receiver | PDF · Subscribers | |
Motion Record returnable May 27, 2026
| PDF · Subscribers | |
Endorsement of Cavanagh, J. dated April 16, 2026
| PDF · Subscribers | |
Order of Cavanagh, J. dated April 16, 2026 (Approval and Distribution)
| PDF · Subscribers | |
Order of Cavanagh, J. dated April 16, 2026 (Approval and Vesting)
| PDF · Subscribers | |
Confirmation of Motion
| PDF · Subscribers | |
| Book of Authorities | PDF · Subscribers | |
| Factum of the Moving Party | PDF · Subscribers | |
Motion Record returnable April 16, 2026
| PDF · Subscribers | |
Application Record returnable July 18, 2025
| PDF · Subscribers | |
Endorsement of Cavanagh, J. dated July 18, 2025
| PDF · Subscribers | |
Order of Cavanagh, J. dated July 18, 2025
| PDF · Subscribers | |
Notice and Statement of Receiver
| 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., “2760831 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 16 October 2026, https://proceedings.ca/case/2760831-ontario-inc