2794014 Ontario Inc. (o.a.) Sunny Acres Resort & Marina
Follow- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-24-00094956-0000
2794014 Ontario Inc., operating as Sunny Acres Resort & Marina, is in court-appointed receivership under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. On August 23, 2024, Justice Bell of the Ontario Superior Court of Justice granted the receivership order sought by Royal Bank of Canada, appointing Grant Thornton Limited as receiver under court file CV-24-00094956-0000. The bank, RBC, held a first-ranking mortgage securing at least $913,522.80 as of July 18, 2024, and its motion record flagged a suspected Canada Revenue Agency deemed trust claim for HST and source deduction arrears that could not be quantified because the debtor refused financial disclosure, along with municipal tax arrears of $51,297.79 claimed by the Township of Leeds and the Thousand Islands as of July 11, 2024 as ranking ahead of the mortgage.
Justice Bell of the Ontario Superior Court of Justice granted the receivership order on Royal Bank of Canada's application, appointing Grant Thornton Limited as receiver.
Source: Receivership Order of Justice Bell dated August 23, 2024.pdf
Debtor
2794014 Ontario Inc. (o.a.) Sunny Acres Resort & Marina
Receiver
Doane Grant Thornton
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Bell | Ontario Superior Court of Justice | 1 order, Aug 2024 | 7 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantRoyal Bank of Canada | Soloway Wright LLP | 23 Aug 2024 | Order · 23 Aug 2024 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (Crown - deemed trust) · in 926 casesDeemed statutory trust claim for HST and source deduction remittance arrears, which could rank in priority to the Bank's Security — deemed trust; Bank unable to assess extent because Debtor refused financial disclosure - existence suspected but amount unstated/unknown — debtor: 2794014 Ontario Inc. | — | Motion Record returnable August 23, 2024.pdf |
| 4 | Secured | Royal Bank of Canada · in 556 casesFirst-ranking mortgage (principal $915,000.00) on Property; General Security Agreement dated January 11, 2021 (PPSA registered January 11, 2021); Guarantee and Postponement of Claim of Maninder Gupta dated September 1, 2022 (limited to $915,000.00 principal plus interest and costs) — Exclusive of further accrued interest, fees, costs and disbursements; also stated as 'at least $913,522.80' (floor language); prior stated amount as of February 9, 2024 demand was $879,599.25 (prose/earlier figure). Bank is sole secured creditor registered under PPSA; first ranking mortgagee due to postponement ag · as of 18 Jul 2024 | $914K | Motion Record returnable August 23, 2024.pdf |
| 4 | Secured | Township of Leeds and the Thousand IslandsMunicipal property tax arrears - statutory priority lien — Municipal tax arrears rank in priority to the Bank's mortgage security per motion record; Tax Certificate shows Total Outstanding of $43,179.15 as of July 11, 2024 for a different arrears breakdown period - see note; the $51,297.79 figure is as stated in the motion record affidavit grounds — debtor: 2794014 Ontario Inc. · as of 11 Jul 2024 | $51.3K | Motion Record returnable August 23, 2024.pdf |
| 4 | Secured | O'Callaghan Enterprises Inc.Charge registered 2022/05/27 (LE138832) in amount of $2,000,000.00; subordinated to RBC's mortgage by postponement agreement (LE142255) registered 2022/09/12 — Registration amount, not a stated outstanding balance; ranks behind Bank's Mortgage due to postponement — debtor: 2794014 Ontario Inc. | — | Motion Record returnable August 23, 2024.pdf |
| 4 | Secured | Abhishek PanwarCharge registered 2023/09/25 (LE151148) in amount of $510,000.00 — Registration/charge amount, not a stated outstanding balance — debtor: 2794014 Ontario Inc. | — | Motion Record returnable August 23, 2024.pdf |
| 4 | Secured | Puri ChandanCharge registered 2023/10/06 (LE151503) in amount of $384,950.00 — Registration/charge amount, not a stated outstanding balance — debtor: 2794014 Ontario Inc. | — | Motion Record returnable August 23, 2024.pdf |
“not stated” means the record names the claim without a figure; “—” means not in the extracted 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.
| Date | Document | File |
|---|---|---|
| Motion Record of the Court-Appointed Receiver.pdf | ||
Motion Record returnable August 23, 2024.pdf
| ||
Receivership Order of Justice Bell dated August 23, 2024.pdf
| ||
Compendium dated August 16, 2024.pdf
| ||
| Factum dated August 16, 2024.pdf | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “2794014 Ontario Inc. (o.a.) Sunny Acres Resort & Marina” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/2794014-ontario-inc-o-a-sunny-acres-resort-marina