Acora Acoustics Corporation
Follow- Proceeding
- Receivership (court-appointed)sections 207 and 248 of the OBCA and section 101 of the CJA
- File
- CL-26-00000325-0000
Acora Acoustics Corporation has been in court-appointed receivership since August 6, 2026, in the Ontario Superior Court of Justice under BIA s. 243 and provincial Judicature Act authority, in court file CL-26-00000325-0000. The proceeding follows demand made on June 19, 2026 by Crystal Group Holdings Inc., a related party owned and controlled by Roger Hwang, for repayment by June 30, 2026 of shareholder loan advances made between June 18, 2019 and April 15, 2026, totalling CAD $4,044,924.82 and USD $2,017,519.71 as at April 15, 2026, secured by a general security agreement over all assets and undertaking of the company. No payments were made. Compiled financial statements showed negative retained earnings of $5,082,068.84 as at September 30, 2025, with losses continuing into the fiscal year ending September 30, 2026. The receivership remains active.
The court appointed Albert Gelman Inc. as Receiver, on the application of Roger Hwang. Court file CL-26-00000325-0000.
Source: Court Order of Justice W.D. Black dated August 6, 2026 (Receivership Appointment Order)
2 earlier updates, back to 6 August 2026 — subscribers.
Filing brief
Acora Acoustics: a receiver without a lender
No bank applied. The receivership of a high-end loudspeaker manufacturer was sought by its CFO against its CEO, under the Ontario Business Corporations Act and s. 101 of the Courts of Justice Act, and granted on August 6 — with the CEO not opposing the appointment while expressly refusing to admit the oppression allegations behind it.
Debtor
Acora Acoustics Corporation
Receiver
Albert Gelman
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Black | Ontario Superior Court of Justice | 2 orders, Aug 2026 | 176 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorRoger Hwang | Fogler, Rubinoff LLP | 21 Aug 2026 | Service list · 21 Aug 2026 |
| CreditorValerio Cora | Fogler, Rubinoff LLP | 21 Aug 2026 | Service list · 21 Aug 2026 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Crystal Group Holdings Inc.General security agreement over all assets and undertaking of the Company (per Article 20.2.1 of USA); shareholder loan advances, related party (owned/controlled by Roger Hwang) — Cumulative advances from June 18, 2019 through April 15, 2026; demand made June 19, 2026 for repayment by June 30, 2026; no payments made as of affidavit. CAD portion. — debtor: Acora Acoustics Corporation · as of 15 Apr 2026 | $4.04M | Application Record dated July 17, 2026 |
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.
| Date | Document | File |
|---|---|---|
Service List as of August 21, 2026
| PDF · Subscribers | |
First Report of the Monitor dated August 14, 2026
| PDF · Subscribers | |
Court Order of Justice W.D. Black dated August 6, 2026 (Receivership Appointment Order)
| PDF · Subscribers | |
Endorsement of Justice W.D. Black dated August 6, 2026
| PDF · Subscribers | |
Application Record dated July 17, 2026
| 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., “Acora Acoustics Corporation” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/acora-acoustics-corporation