730 Holdings inc et al.
- 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-17-584016-00CL
- Industry
- Retail · Gas stations & convenience stores
730 Holdings inc et al. are in a court-appointed receivership commenced on 21 November 2017 in the Ontario Superior Court of Justice. Business Development Bank of Canada applied under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, and Raymond Chabot Inc. was appointed receiver. Business Development Bank of Canada is stated as a secured creditor for $4,695,554.33, and the largest unsecured claims stated are $831,869.31 each to Balbir Saral and Kanwaljeet Rattan. Statements of affairs as at 10 April 2018 report deficiencies of $296,659.05 and, for 730 Subway Inc., $64,162.89. The proceeding is carried on court file CV-17-584016-00CL.
The officer filed report no. Final Report of the Receiver. The receivership involved sale of the Companies' real property and business assets, which has been completed; the Receiver is now seeking final distributions to the Township and BDC and discharge of the Receiver.
Source: Third and Final report of the Receiver dated April 10_2019
The court granted an approval and vesting order for the sale to 2643868 Ontario Inc. Sealed: Sale Agreement appended as Confidential (redacted) Appendix.
Source: Amended Approval and Vesting Order dated August 8 2018
A court order in the proceeding is dated 19 July 2018.
Source: 730 Holdings, 730 Sudway, 730 Roadhouse and 2362655 Ontario_order dated July 19,2018
A court order in the proceeding is dated 19 July 2018.
Source: 730 Holdings, 730 Sudway, 730 Roadhouse and 2362655 Ontario_order dated July 19,2018
730 Holdings, 730 Sudway, 730 Roadhouse and 2362655 Ontario_Approval and Vesting Order dated July 19,2018 — Approval and vesting order
Amended Notice and Stmt of Receiver(245&246)_LS24_181217 — Notice of receiver (s. 245 / Form 87)
On 21 November 2017, the Ontario Superior Court of Justice granted a receivership order appointing Raymond Chabot Inc. as receiver on the application of the Business Development Bank of Canada.
Undated filings1 — no date appears on the document · show
Notice and Stmt of Receiver(245&246)_TM97_301117 — Private appointment (s. 245 notice)
Debtor
730 Holdings inc
Debtor
730 Roadhouse Inc
Debtor
730 Subway inc
Trustee in bankruptcy · Receiver
Raymond Chabot
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Hackland | Ontario Superior Court of Justice | 3 orders, Aug 2018 – May 2019 | 8 cases on record |
| Justice Hainey | Ontario Superior Court of Justice | 2 orders, Nov 2017 | 211 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Trustee in bankruptcyRaymond Chabot | Soloway Wright LLP | 8 Aug 2018 | Order · 7 Dec 2018 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Business Development Bank of Canada (Banque de Développement du Canada) · in 251 casesAmount declared per creditor list; amount filed and amount admitted both $0.00 as of report date; applicant secured creditor in receivership order — debtor: 730 Holdings Inc. · as of 30 Nov 2017 | $4.7M | Notice and Stmt of Receiver(245&246)_TM97_301117 |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
15 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans4 transactions · 2 approved · 2 closed — Sale of the Real Property completed; sale of assets of two Companies approved by the Sale OrderThird and Final report of the Receiver dated April 10_2019 · 10 Apr 2019
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 2042066 Ontario Inc.the Debtors' right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · agreement 28 May 2018 | Sealed | Approved19 Jul 2018 | 730 Holdings, 730 Sudway, 730 Roadhouse and… |
| 2643868 Ontario Inc.the Debtors' right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · nominee/assignee: 2643868 Ontario Inc. · agreement 28 May 2018 | Sealed | Closed | Amended Approval and Vesting Order dated August… |
| purchaser of the assets of 730 Holdings Inc. and 2362655 Ontario Inc. under call for tenders, not individually namedthe assets of 730 Holdings Inc. and 2362655 Ontario Inc. · asset sale | not stated | Approved | Third and Final report of the Receiver dated… |
| unnamedthe Real Property | not stated | Closed20 Aug 2018 | Third and Final report of the Receiver dated… |
Business Development Bank of Canada (BDC): a distribution.Third and Final report of the Receiver dated April 10_2019 · 10 Apr 2019
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredBDC (interim distribution, Second Report) | Business Development Bank of Canada (BDC) | interim | per the receiver | Third and Final report of the Receiver dated April 10_2019 · 10 Apr 2019 | |
| Secured | Township of Edwardsburgh/Cardinal | interim | per the receiver | Third and Final report of the Receiver dated April 10_2019 · 10 Apr 2019 | |
| Preferred | Township of Edwardsburgh/Cardinal | — | final | per the receiver | Third and Final report of the Receiver dated April 10_2019 · 10 Apr 2019 |
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.
5 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansAs at ·
Cumulative receipts
$1.84M
As at 10 Apr 2019Third and Final report of the Receiver dated April 10_2019
Cumulative disbursements
As at
Professional fees
As at
2 more reported figures, and the 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Order of Justice Hackland dated May 21 2019 | PDF · Subscribers | |
Third and Final report of the Receiver dated April 10_2019
| PDF · Subscribers | |
| Order Approving Distributions dated Dec 7 2018 | PDF · Subscribers | |
| Second Report of the Receiver dated November 29 2018 | PDF · Subscribers | |
Amended Approval and Vesting Order dated August 8 2018
| PDF · Subscribers | |
| 730 Holdings, 730 Sudway, 730 Roadhouse and 2362655 Ontario_order dated July 19,2018 | PDF · Subscribers | |
First Report of the Receiver dated July 9 2018
| PDF · Subscribers | |
| 730 Holdings, 730 Sudway, 730 Roadhouse and 2362655 Ontario_Approval and Vesting Order dated July 19,2018 | PDF · Subscribers | |
| Notice of Bankruptcy First Meeting of Creditors_730 Holdings Inc | PDF · Subscribers | |
| Notice of Bankruptcy First Meeting of Creditors_730 Roadhouse Inc | PDF · Subscribers | |
| Notice of Bankruptcy first meeting of creditors_730 Subway inc | PDF · Subscribers | |
| Amended Notice and Stmt of Receiver(245&246)_LS24_181217 | PDF · Subscribers | |
| Order of Justice McEwen - December 11, 2017 | PDF · Subscribers | |
Endorsement of Justice Hainey - November 21_2017
| PDF · Subscribers | |
| Order of Justice Hainey - November 21, 2017 | PDF · Subscribers | |
| Notice and Stmt of Receiver(245&246)_TM97_301117 | 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., “730 Holdings inc et al.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/730-holdings-inc