2826697 Ontario Ltd and Windsor Laser Cutting Inc

2826697 Ontario Ltd and Windsor Laser Cutting Inc were placed in receivership on November 12, 2024, when the Ontario Superior Court of Justice appointed MNP Ltd. as receiver on the application of Royal Bank of Canada under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, in court file CV-24-00034159-0000. The receiver's statement of property as at the appointment date describes combined accounts receivable of $941,459, inventory of $678,122 and capital assets with a net book value of $779,933, totalling $2,399,514 as stated. RBC's secured claims are estimated at $1,245,337 and $389,446 on a second facility, alongside secured claims of 1277032 Ontario Inc. at $271,101, The Toronto-Dominion Bank at $154,673 and Express Lease Inc. at $149,443. Unsecured trade balances include the Canada Revenue Agency at $324,259.65. The receivership remains active.