#Sale
The court granted an approval and vesting order for the sale to 2868242 Ontario Inc. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Certificate.
30 Cedar Holdings inc.
ActiveFollow
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the "BIA") and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended (the "CJA")
- File
- CV-22-00690310-00CL
- Industry
- Real estate · Rental & income property
OverviewSummary updated
30 Cedar Holdings inc. is the subject of insolvency proceedings in the Ontario Superior Court of Justice (court file CV-22-00690310-00CL), commenced by an order dated November 24, 2022 on the application of Roynat Inc., with Raymond Chabot Inc. as the appointed officer. Roynat Inc. is the largest secured creditor, with a claim of $6,075,112.92; other secured claims include De Lage Landen Financial Services Canada Inc. and Enersavings Inc., each $336,429. Gross Capital Inc. holds an unsecured claim of $1,011,402. The claims listed remain not proven.
Proceedings AIOpen Proceedings AI
Case updates6 dated entries
Parties
Debtor
30 Cedar Holdings inc.
Receiver
Raymond Chabot
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Osborne | Ontario Superior Court of Justice | 2 orders, Jul 2023 | 168 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverRaymond Chabot | Chaitons LLP | 12 Jul 2023 | Order · 27 Jul 2023 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Roynat Inc. · in 48 casesApplicant secured creditor pursuant to which receivership order was granted; amount declared per creditor list; claim status Not Proven — debtor: 30 Cedar Holdings Inc. · as of 5 Dec 2022 | $6.08M | Notice and Statement of Receiver1 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
12 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis 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 processAs stated in the filings
6 transactions · 4 not completed · 1 proposed · 1 approved — Receiver recommends the Court approve the sale of the Real Property to Panoramic per the Panoramic APSConfidential Report of Receiver_with Exhibits - 07-27-2023 · 27 Jul 2023
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Panoramicthe Real Property · real property · agreement 14 Jul 2023 | Subscribers | Proposed | Confidential Report of Receiver_with Exhibits -… |
| first accepted offer, financing conditional, not completedthe Real Property · real property | not stated | Not completed | Confidential Report of Receiver_with Exhibits -… |
| second accepted offer, intended residential/commercial conversion, not completedthe Real Property · real property | not stated | Not completed | Confidential Report of Receiver_with Exhibits -… |
| unnamedthe Real Property (first offer) | not stated | Not completeddate not stated | Confidential Report of Receiver_with Exhibits -… |
| unnamedthe Real Property (second offer) | not stated | Not completeddate not stated | Confidential Report of Receiver_with Exhibits -… |
| 2868242 Ontario Inc.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets'), including the real property municipally known as 30 Cedar Street, 57 Durham Street, and 8 Elgin Street, Sudbury, Ontario · real property · agreement 12 Jul 2023 | not stated | Approved15 Aug 2023 | Approval and Vesting Order - 08-15-2023 |
AdvisorsRoyal LePage (listing broker)Confidential Report of Receiver_with Exhibits - 07-27-2023
Closing termsVesting effective upon delivery of Receiver's CertificateApproval and Vesting Order - 08-15-2023
Documents6 filings
| Date | Document | File |
|---|---|---|
Ancillary Order - 08-15-2023
| PDF · Subscribers | |
Confidential Report of Receiver_with Exhibits - 07-27-2023
| PDF · Subscribers | |
First Report of the Receiver_with Exhibits - 07-27-2023
| PDF · Subscribers | |
Approval and Vesting Order - 08-15-2023
| PDF · Subscribers | |
Notice and Statement of Receiver1
| PDF · Subscribers | |
ROYNAT ORDER - 2022-11-24
| 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., “30 Cedar Holdings inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/30-cedar-holdings-inc