2th, Inc. has been under the receivership and management of KSV Restructuring Inc. since October 13, 2023, on the application of Bank of Montreal to the Ontario Superior Court of Justice (Commercial List) under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, in file CV-23-00707066-00CL. BMO is the company's only secured creditor, owed approximately $2.6 million as of September 18, 2023 by 2th, Inc. and Dr. Mislav Pavelic Dentistry Professional Corporation, with interest and costs continuing to accrue; shareholders Brian Holland and Mislav Pavelic guaranteed that indebtedness personally. The receiver's counsel, Reconstruct, has obtained a security opinion confirming BMO's charge is valid and enforceable. The receivership remains active.
The court granted an approval and vesting order for the sale to Namrita Harchandani Dentistry Professional Corporation. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Certificate confirming payment, satisfaction/waiver of closing conditions, and completion of the Transaction.
The officer filed report no. First Report. The dental clinic operated by the Company continues to operate in the ordinary course during the receivership, and the Receiver is conducting a Sale Process to market and sell the business and property after a shareholder-run auction process failed to be agreed upon.
Source: First Report of the Receiver dated December 29, 2023
Motion Record of the Receiver returnable January 8, 2024 — Application / notice of application
Ontario Superior Court of Justice appointed a receiver over 2th, Inc. under BIA s. 243 and provincial Judicature Act authority, commencing the proceeding.
Debtor
2th, Inc.
Receiver
KSV
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Penny | Ontario Superior Court of Justice | 3 orders, Mar 2024 | 196 cases on record |
| Justice Steele | Ontario Superior Court of Justice | 3 orders, Oct 2023 – Nov 2023 | 245 cases on record |
| Justice Wilton-Siegel | Ontario Superior Court of Justice | 2 orders, Jan 2024 | 111 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverKSV | Reconstruct LLP | 18 Mar 2024 | Order · 18 Mar 2024 |
| ApplicantBank of Montreal | Aird & Berlis LLP | 13 Oct 2023 | Order · 13 Oct 2023 |
| CreditorBank of Montreal | Aird & Berlis LLP | 13 Oct 2023 | Factum · 11 Oct 2023 |
| CreditorKSV Restructuring Inc | Reconstruct LLP | 15 Mar 2024 | Factum · 15 Mar 2024 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Bank of Montreal (BMO) · in 297 casesas of September 18, 2023 — Senior secured creditor; described as approximately $2.6 million as of September 18, 2023, with interest and costs continuing to accrue. Company's only secured creditor. Security opinion obtained by Receiver's counsel (Reconstruct) confirming valid and enforceable charge. Shareholders (Brian Holland and Mislav Pavelic) are personal guarantors of this indebtedness. — debtor: 2th, Inc. and Dr. Mislav Pavelic Dentistry Professional Corporation | $2.6M | Second Report of the Receiver dated March 12, 2024 |
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.
Sale approved — Transaction approved by the courtApproval and Vesting Order dated March 18, 2024 · 18 Mar 2024
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Namrita Harchandani Dentistry Professional Corporationall of the Debtor's right, title and interest in and to the assets described in the APA (the "Purchased Assets") · asset sale · agreement 27 Feb 2024 | Subscribers | Approved18 Mar 2024 | Approval and Vesting Order dated March 18, 2024 |
4 engagements · 3 firms — latest: Reconstruct LLP, 17 Oct 2023 – 29 Feb 2024, in feesMotion Record of the Receiver · 12 Mar 2024
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| (firm not named)capacity not statedfirm not named in the heading | — | — | — | Second Report of the Receiver · 12 Mar 2024 | |
| KSV Restructuring Inc.Receiverperiod 2 of 2 | 15 Sep – 31 Oct 2023 | — | — | Second Report of the Receiver · 12 Mar 2024 | |
| KSV Restructuring Inc.Receiverperiod 1 of 2 | — | — | — | Motion Record of the Receiver · 12 Mar 2024 | |
| Reconstruct LLPCounsel to the applicant | 17 Oct 2023 – 29 Feb 2024 | Motion Record of the Receiver · 12 Mar 2024 | |||
8 blurred figures above
What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Ancillary Relief Order dated March 18, 2024
| PDF · Subscribers | |
Approval and Vesting Order dated March 18, 2024
| PDF · Subscribers | |
Endorsement of Justice Penny dated March 18, 2024
| PDF · Subscribers | |
Factum of the Receiver dated March 15, 2024
| PDF · Subscribers | |
Motion Record of the Receiver dated March 12, 2024
| PDF · Subscribers | |
Second Report of the Receiver dated March 12, 2024
| PDF · Subscribers | |
Court Order dated January 8, 2024
| PDF · Subscribers | |
Endorsement of Justice Wilton-Siegel dated January 8, 2024
| PDF · Subscribers | |
First Report of the Receiver dated December 29, 2023
| PDF · Subscribers | |
| Motion Record of the Receiver returnable January 8, 2024 | PDF · Subscribers | |
Endorsement of Justice Steele dated November 29, 2023
| PDF · Subscribers | |
Endorsement of Justice Steele dated October 13, 2023
| PDF · Subscribers | |
Receivership Order dated October 13, 2023
| PDF · Subscribers | |
Statement of Law re Motion returnable October 13, 2023
| PDF · Subscribers | |
Application Record returnable October 13, 2023
| 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., “2th, Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/2th-inc
Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/2th-inc
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.