2796996 Ontario Inc.
Follow- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
2796996 Ontario Inc. was placed in court-appointed receivership in Ontario on July 25, 2022 under s. 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority; the proceeding is now closed. The debtor's single property carried layered encumbrances. Roynat Inc. held a September 10, 2021 demand debenture for principal up to $4,025,000.00, a mortgage registered October 6, 2021 in the principal sum of $5,000,000.00, a notice of assignment of rents, and a financing statement over accounts and other assets; its May 30, 2022 payout statement put $4,024,499.61 outstanding as of June 1, 2022, with $78,711.57 stated as overdue. Elle Mortgage Corporation and MacEwen Petroleum Inc. held charges registered for principal sums of $1,050,000.00 and $450,000.00. The Town of Grimsby's tax certificate showed realty tax arrears of $17,610.22.
12 earlier updates, back to 25 July 2022 — subscribers.
Debtor
2796996 Ontario Inc.
Receiver
msi Spergel inc.
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Koehnen | Ontario Superior Court of Justice | 2 orders, Jun 2023 | 73 cases on record |
| Justice Dietrich | Ontario Superior Court of Justice | 2 orders, Aug 2022 | 109 cases on record |
| Justice McEwen | Ontario Superior Court of Justice | 2 orders, Jul 2022 | 134 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Receivermsi Spergel inc. | Harrison Pensa LLP | 24 Jun 2023 | Factum · 24 Jun 2023 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Roynat Inc. · in 47 casesDemand Debenture dated September 10, 2021 (principal up to $4,025,000.00); Mortgage/Charge registered October 6, 2021 as Instrument No. NR591915 in principal sum of $5,000,000.00; Notice of Assignment of Rents registered October 6, 2021 as Instrument No. NR591916; financing statement registered May 26, 2021 for security interest in accounts and other assets, general assignment of rents and leases — Loan advanced pursuant to Offer to Finance dated April 28, 2021 in principal sum of $4,025,000.00 plus interest; payout statement dated May 30, 2022 confirms $4,024,499.61 as of June 1, 2022, inclus · as of 1 Jun 2022 | $4.02M | Motion Record of the Applicant |
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.
Roynat Inc.: shortfall.EstimatedMotion Record of the Receiver · 14 Jun 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredRoynat (secured indebtedness) | Roynat Inc. | — | shortfall | Estimatedper the receiver | Motion Record of the Receiver · 14 Jun 2023 |
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.
| Date | Document | File |
|---|---|---|
Approval and Vesting Order of the Honourable Justice Koehnen dated June 26, 2023
| PDF · Subscribers | |
Distribution and Discharge Order of the Honourable Justice Koehnen dated June 26, 2023
| PDF · Subscribers | |
Reply Factum of the Receiver
| PDF · Subscribers | |
| Factum of the Respondent | PDF · Subscribers | |
Endorsement of the Honourable Justice Steele dated June 22, 2023
| PDF · Subscribers | |
| Book of Authorities of the Receiver | PDF · Subscribers | |
| Factum of the Receiver | PDF · Subscribers | |
| Responding Record of the Respondent | PDF · Subscribers | |
Motion Record of the Receiver
| PDF · Subscribers | |
Endorsement of the Honourable Justice Dietrich dated August 5, 2022
| PDF · Subscribers | |
Receivership Order of the Honourable Justice Dietrich dated August 5, 2022
| PDF · Subscribers | |
Endorsement of the Honourable Justice McEwen dated July 25, 2022
| PDF · Subscribers | |
Interim Receivership Order of the Honourable Justice McEwen dated July 25, 2022
| PDF · Subscribers | |
| Supplementary Affidavit of Cian McDonnell | PDF · Subscribers | |
Motion Record of the Applicant
| 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., “2796996 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/2796996-ontario-inc