2801515 Ontario Inc.
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-25-00738979-00CL
- Industry
- Real estate
2801515 Ontario Inc. was placed in court-appointed receivership on March 24, 2025, by order of Justice Steele of the Ontario Superior Court of Justice (Commercial List), on the application of Royal Bank of Canada filed March 12, 2025, under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. Grant Thornton Limited was appointed receiver. RBC, the only party with a registered PPSA security interest and first-ranking secured creditor over the company's real property, had demanded $1,693,466.72 as of November 26, 2024, exclusive of legal fees, disbursements and accruing interest, under a mortgage registered September 17, 2021, a general security agreement dated March 2, 2023, and a chattel mortgage dated October 8, 2022. Directors Hamida Patel and Samir Shaikh had given a joint and several guarantee limited to $1,735,110, later postponed to RBC.
Supplemental Record Returnable Thursday, September 3, 2026.pdf — Application / notice of application
Supplemetal Report to First Report of the Receiver dated August 28, 2026.pdf — Court officer report
Justice Steele granted the receivership order, appointing Grant Thornton Limited receiver of 2801515 Ontario Inc.
Source: Order appointing Receiver of Justice Steele dated March 24, 2025.pdf
Royal Bank of Canada filed its application for the appointment of a receiver over 2801515 Ontario Inc.
Outcome brief
3367 Highway 115: the gas station goes back to its owner and a new lender
Royal Bank of Canada put a receiver into a Clarington gas station over a $1,693,466.72 debt; seventeen months later the receiver reported that the cost of remediating the soil exceeded the property's value, RBC declined to fund it and sold its mortgage, and on September 3, 2026 Justice Steele discharged Grant Thornton with $130,000 in receiver's borrowings unpaid and the property never marketed.
Debtor
2801515 Ontario Inc.
Receiver
Doane Grant Thornton
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Steele | Ontario Superior Court of Justice | 4 orders, Mar 2025 – Sep 2026 | 245 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverDoane Grant Thornton | Harrison Pensa LLP | 3 Sep 2026 | Order · 3 Sep 2026 |
| ApplicantRoyal Bank of Canada | Aird & Berlis LLP | 24 Mar 2025 | Order · 24 Mar 2025 |
| CreditorRoyal Bank of Canada | Aird & Berlis LLP | 18 Mar 2025 | Factum · 18 Mar 2025 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 584 casesCollateral charge/mortgage registered September 17, 2021 (registered amount $1,416,000); General Security Agreement dated March 2, 2023 (all present and after-acquired personal property, first-ranking PPSA registration); Security agreement (chattel mortgage) dated October 8, 2022 over specific equipment/inventory and consumer goods (PPSA registered) — Demand Letter dated November 29, 2024 and BIA Notice under s.244(1) BIA state total of $1,693,466.72 owing as of November 26, 2024, exclusive of legal fees, disbursements and accruing interest (Indebtedness continues to accrue). RBC stated to be · as of 26 Nov 2024 | $1.69M | Application Record Returnable March 24, 2025.pdf |
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.
Closed · the record states no distribution outcome.
| Date | Document | File |
|---|---|---|
Discharge Order dated September 3, 2026.pdf
| PDF · Subscribers | |
Endorsement of Justice Jana Steele dated September 3, 2026.pdf
| PDF · Subscribers | |
Supplemental Record Returnable Thursday, September 3, 2026.pdf
| PDF · Subscribers | |
Supplemetal Report to First Report of the Receiver dated August 28, 2026.pdf
| PDF · Subscribers | |
| First Report of the Receiver dated August 10, 2026.pdf | PDF · Subscribers | |
Endorsement of Justice Steele dated March 24, 2025.pdf
| PDF · Subscribers | |
Order appointing Receiver of Justice Steele dated March 24, 2025.pdf
| PDF · Subscribers | |
Factum dated March 18, 2025.pdf
| PDF · Subscribers | |
Application Record Returnable March 24, 2025.pdf
| 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., “2801515 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/2801515-ontario-inc