9630 Islington Inc.
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended, section 101 of the Courts of Justice Act, R.S.O 1990 c. C.43, as amended, and section 68 of the Construction Act, R.S.O. 1990, c. C.30, as amended
- File
- CV-24-00719135-00CL
- Industry
- Real estate · Residential development
9630 Islington Inc. has been in court-appointed receivership since April 26, 2024, when the Ontario Superior Court of Justice (Commercial List) appointed MNP Ltd. as receiver and manager on the application of Duca Financial Services Credit Union Ltd., under section 243(1) of the Bankruptcy and Insolvency Act, section 101 of the Courts of Justice Act and section 68 of the Construction Act. DUCA holds a first-ranking charge over the property, registered July 28, 2022 in the principal amount of $7,000,000, together with an assignment of rents and a general security agreement dated July 15, 2022, and claimed $6,532,057.54 as at April 9, 2024, exclusive of legal and forbearance costs. SRN Architects Inc. registered a construction lien on October 19, 2023 claiming $297,824.90, followed by a certificate of action on November 12, 2023. Intact Insurance Company holds a subordinate charge. The proceeding is active under court file CV-24-00719135-00CL.
Application filed on the Commercial List of the Ontario Superior Court of Justice under court file no. CV-24-00719135-00CL, commencing the proceeding against 9630 Islington Inc.
Source: Application Record dated
Debtor
9630 Islington Inc.
Receiver
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Cavanagh | Ontario Superior Court of Justice | 2 orders, May 2024 | 318 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Applicant | Dickinson Wright LLP | 16 May 2024 | Order · 16 May 2024 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | DUCA Financial Services Credit Union Ltd. · in 19 casesCharge/Mortgage of Land, principal amount $7,000,000, registered July 28, 2022 (Instrument No. YR3458270); Assignment of Rents registered July 28, 2022 (Instrument No. AT4608656); General Security Agreement dated July 15, 2022 — First-ranking mortgage and GSA. Amount excludes legal and forbearance costs. Earlier demand letter dated January 12, 2024 stated $6,464,716.64 owing as at January 11, 2024 (Facility #1 principal $5,400,000; Facility #2 principal $850,000; Facility #3 letters of credit $78,517; accrued interest $128,989.72; discharge fee $1,000; outstanding legal fees $6,209.92); origin · as of 9 Apr 2024 | $6.53M | Application Record dated |
| Secured | |||
| Secured |
2 more claims in 1 class The stack holds Secured claims.
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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.
| Date | Document | File |
|---|---|---|
| Service List | PDF · Subscribers | |
Appointment Order dated
| PDF · Subscribers | |
Endorsement of Justice Cavanagh dated
| PDF · Subscribers | |
Application Record dated
| PDF · Subscribers | |
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CiteProceedings., “9630 Islington Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/9630-islington-inc