#Order
Order made Friday, February 13, 2026 in the Ontario Superior Court of Justice, court file CL-26-00000054-0000, commencing this court-appointed receivership.
Advance Marble & Granite Ltd.
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- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CL-26-00000054-0000
OverviewSummary updated
Advance Marble & Granite Ltd. and RNB Stone Ltd. are the subject of a court-appointed receivership application commenced February 13, 2026 in the Ontario Superior Court of Justice under court file CL-26-00000054-0000, brought on the strength of security held by The Toronto-Dominion Bank. TD's default letter dated January 27, 2026 puts the balance owing by Advance Marble & Granite at $64,609.74 for RNB Stone and $6,264,169.06 for Advance Marble, secured by general security agreements over all present and future personal property, cross-collateralized between the two companies and guaranteed by AMG Group Ltd., JLV Corp. and Renato Fabrizi. PPSA searches current to February 3, 2026 also show equipment, motor vehicle and other registrations in favour of Boxx Modular LP, The Bank of Nova Scotia and BMW Canada Inc. The affidavit states priority payables are owed to the Canada Revenue Agency. The matter remains active.
Proceedings AIOpen Proceedings AI
Case updates3 dated entries
Parties
Debtor
File Documents
Receiver
Albert Gelman
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | The Toronto-Dominion Bank (including TD Equipment Finance Canada, a division thereof) · in 121 casesGeneral Security Agreement (all present and future personal property); Credit Agreement dated July 31, 2024 establishing Facility #1 Operating Loan (limit $5,000,000), Facility #2 Operating Loan (limit $1,000,000), Equipment Loans/Leases/Conditional Sales Contracts (aggregate limit up to $2,500,000), TD Visa Business Card Facilities ($100,000 and $50,000); TDEF Loan Agreements #23026710 ($112,264.07), #23035490 ($119,059.00), #24002210 ($136,000.43) and Master Equipment Lease T000006691, each secured by Security Agreements for Specified Assets; unlimited guarantee from RNB Stone Ltd. (cross-co · as of 27 Jan 2026 | $6.26M | Application Record (returnable February 13, 2026) |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured |
5 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.
Documents3 filings
| Date | Document | File |
|---|---|---|
Endorsement Justice J Steele – February 13, 2026
| PDF · Subscribers | |
Order Appointing Receiver dated February 13, 2026
| PDF · Subscribers | |
Application Record (returnable February 13, 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., “Advance Marble & Granite Ltd.” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 5 November 2026, https://proceedings.ca/case/advance-marble-granite-ltd