#Sale
Approved the August 5, 2026 sale of AG GP Inc.'s and AG LP's interest in 1024 Dundas to 1024 Dundas Street Limited, vesting on delivery of the Receiver's Certificate.
Source: Order (Approval and Vesting) dated September 21, 2026
AG (1000 & 1024 Dundas St. E.) GP Inc., AG (1000 & 1024 Dundas St. E.) LP, and AG (1000 & 1024 Dundas St. E.) Inc.
ActiveFollow
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-25-00747127-00CL
- Industry
- Real estate
Filings held42
Last activity21 Sep 2026
On the record323 days
OverviewSummary updated
AG (1000 & 1024 Dundas St. E.) GP Inc., AG (1000 & 1024 Dundas St. E.) LP and AG (1000 & 1024 Dundas St. E.) Inc. have been under court-appointed receivership in Ontario since December 17, 2025, on the application of Morrison Financial Mortgage Corporation under s. 243 of the BIA. Morrison, mortgage administrator for funder Home Trust Company, holds first-ranking mortgages registered April 25, 2023 against 1000 and 1024 Dundas Street East, Mississauga, a general security agreement and general assignments of rents, and was owed approximately $14.9 million as of June 4, 2025 under a $15 million facility. Demand was made on the guarantees of principal Mohammed Irfan Ahmed and the general partner on June 5, 2025, and the debtors then defaulted under a September 30, 2025 forbearance agreement. CRA verbally confirmed on March 4, 2026 that AG Inc.'s GST/HST account is roughly $110,000 in arrears, approximately $91,000 of it a deemed trust claim, with returns unfiled for 2024. The receiver has been unable to confirm the extent of other creditors because of incomplete books and records. Morrison's conduct and the underlying default are disputed in a parallel Brampton action, Ahmed Holdings Inc. v. Morrison Financial et al., claiming more than $100 million.
Proceedings AIOpen Proceedings AI
Case updates43 dated entries
#Report
The officer filed report no. Supplementary Fourth Report. The report only advises the Court that the purchaser under the 1024 APS (Ibrans Development Ltd.) has assigned its rights and obligations to 1024 Dundas Street Limited, which will complete the 1024 Transaction; the sale approval motion remains returnable September 21, 2026.
Source: Supplementary Fourth Report of the Receiver - September 18, 2026
#Report
The officer filed report no. Fourth Report. The Receiver is running a court-supervised sale of the Dundas Properties and has an unconditional agreement for 1024 Dundas awaiting court approval. The 1000 Dundas agreement has terminated, so that property continues to be marketed. The Receiver is also managing the properties, collecting rents and dealing with the AAM lease termination and related appeals.
#Filing
Non-Confidential Motion Record of the Receiver dated September 10, 2026 — Application / notice of application
#Report
Reported a conditional agreement for 1000 Dundas and an unconditional agreement requiring vacant possession for 1024 Dundas, termination of the AAM lease, and continued pursuit of related-party disclosure and post-filing rent.
#Filing
Court of Appeal Motion Record of the Receiver dated August 14, 2026 — Application / notice of application
#Report
Procedural update on the delivery of written interrogatories and the status and outcome of the examinations and cross-examinations directed by the June 9 endorsement.
Source: Supplementary Second Report of the Receiver dated June 30, 2026
#Filing
Supplementary Reply Record of the Receiver dated June 30, 2026 — Response / objection pleading
#Report
Reported receipts of $164,931 and disbursements of $164,799 since the December 17, 2025 filing date, leaving $132 in the estate, with marketing underway, a teaser distributed to 5,000 parties and no bids.
#Order
The court approved a sale and investment solicitation process.
Source: Order (Sales Process, Approval and Ancillary Relief) dated April 1, 2026
#Filing
Supplementary Motion Record of the Receiver dated March 30, 2026 — Application / notice of application
#Filing
Responding Motion Record of the Respondents dated March 26, 2026 — Application / notice of application
#Order
Appointed Albert Gelman Inc. receiver and manager, without security, of all present and future property, assets and undertakings of the three debtors; court file CV-25-00747127-00CL, Commercial List.
Source: Receivership Appointment Order dated December 17, 2025
#Order
AG (1000 & 1024 Dundas St. E.) GP Inc., AG (1000 & 1024 Dundas St. E.) LP, and AG (1000 & 1024 Dundas St. E.) Inc. — Receivership filed, Ontario.
Source: Receivership Appointment Order dated December 17, 2025
#Filing
Responding Motion Record of the Respondents dated August 29, 2025 — Application / notice of application
#Filing
Morrison Financial applied under s. 243(1) of the BIA and s. 101 of the CJA to appoint Albert Gelman Inc. receiver, following the May 1, 2025 maturity default and June 5, 2025 demands and s. 244 notice.
AnalysisAll insights
Guide
Power of sale vs foreclosure vs receivership in Canada
When a Canadian borrower stops paying a mortgage, the lender can sell the property itself, ask a court to foreclose, or have a receiver take control. How the routes differ by province, what each means for owners and tenants, and how long a receivership takes, drawn from the court record.
Outcome brief
AG Dundas: the court declines a late redemption and approves the 1024 sale
On September 21, 2026, Justice Dietrich refused the guarantor and the debtors more time to redeem Morrison Financial's mortgage on 1024 Dundas Street East with a conditional $9 million commitment, applying Rose-Isli, and approved the receiver's sale of the property to 1024 Dundas Street Limited, the price sealed.
Case update
AG Dundas: a broker fee does not make an appeal as of right
Pomerance J.A. has held that neither the April 1 sale process order nor the July 10 order terminating a related-party lease at 1024 Dundas Street East, Mississauga, was appealable as of right under s. 193(c) of the BIA, refused leave, and declared that no s. 195 stay ever arose, with the receiver holding agreements of purchase and sale for both properties and a September 21 approval hearing set for one.
Parties
Debtor
AG (1000 & 1024 Dundas St. E.) GP Inc., AG (1000 & 1024 Dundas St. E.) LP, and AG (1000 & 1024 Dundas St. E.) Inc.
Applicant
Morrison Financial Mortgage Corporation
Receiver
Albert Gelman
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Dietrich | Ontario Superior Court of Justice | 5 orders, Jun 2026 – Sep 2026 | 132 cases on record |
| Justice Dunphy | Ontario Superior Court of Justice | 3 orders, Mar 2026 – Apr 2026 | 93 cases on record |
| Justice Steele | Ontario Superior Court of Justice | 2 orders, Jul 2025 – Mar 2026 | 245 cases on record |
| Justice Myers | Ontario Superior Court of Justice | 2 orders, Dec 2025 | 117 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverAlbert Gelman | Robins Appleby LLP | 1 Apr 2026 | Order · 1 Apr 2026 |
| ApplicantMorrison Financial Mortgage Corporation | Garfinkle, Biderman LLP | 8 Jul 2025 | Order · 17 Dec 2025 |
| CreditorMother Parker's Tea & Coffee Inc | Miller Thomson LLP | 1 Jun 2026 | Application · 1 Jun 2026 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 985 casesDeemed trust class claim: CRA verbally confirmed (as of March 4, 2026) that the GST/HST account of AG Inc. is in arrears of approximately $110,000 in total, of which approximately $91,000 is recognized as a deemed trust; GST/HST returns not filed for 2024. AG Inc. also has a separate (non-deemed-trust) corporate income tax arrears of approximately $44,000, with T2 returns not filed since year ended Dec 31, 2022 (not included in this entry's amount as it is not a deemed-trust/priority claim). Status of AG LP and AG GP Inc. CRA accounts remained unconfirmed as of the report date. — debtor: AG (1 · as of 4 Mar 2026 | $91K | First Report of the Receiver – March 9, 2026 |
| 4 | Secured |
1 more claim in 1 class The stack holds Deemed trusts (CRA and other) and Secured 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
3 transactions · 2 proposed · 1 approved — The Transaction is hereby approvedOrder (Approval and Vesting) dated September 21, 2026 · 21 Sep 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| unnamed purchaser of 1000 Dundas, conditional agreement subject to due diligence1000 Dundas · real property | not stated | Proposed | Third Report of the Receiver – August 14, 2026 |
| Ibrans Development Ltd.1024 Dundas · real property · nominee/assignee: 1024 Dundas Street Limited | not stated | Proposed | Supplementary Fourth Report of the Receiver -… |
| 1024 Dundas Street LimitedAG GP Inc.'s and AG LP's (together, 'AG') right, title and interest in and to 1024 Dundas · real property · agreement 5 Aug 2026 | not stated | Approved21 Sep 2026 | Order (Approval and Vesting) dated September… |
AdvisorsCBRE Limited (listing broker); Avison Young (listing broker)Supplementary First Report of the Receiver – March 30, 2026
Closing termsVesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction/waiver of closing conditionsOrder (Approval and Vesting) dated September 21, 2026
Fees and ratesAs stated in the filings
5 engagements · 3 firms — latest: Albert Gelman Inc., 7 Dec 2025 – 28 Feb 2026, in feesNon-Confidential Motion Record – March 9, 2026 · 9 Mar 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Albert Gelman Inc.Receiverperiod 1 of 2 | 7 Dec 2025 – 28 Feb 2026 | — | Non-Confidential Motion Record – March 9, 2026 · 9 Mar 2026 | ||
| Albert Gelman Inc.Receiverperiod 1 of 2 | — | — | — | Second Report of the Receiver – June 1, 2026 · 1 Jun 2026 | |
| Robins Appleby LLPCounsel to the receiverperiod 1 of 2 | 19 Jan – 28 Feb 2026 | — | — | not stated | Non-Confidential Motion Record – March 9, 2026 · 9 Mar 2026 |
| Robins Appleby LLPCounsel to the receiverperiod 1 of 2 | — | — | — | not stated | Second Report of the Receiver – June 1, 2026 · 1 Jun 2026 |
| Robins Appleby LLPCounsel to the receiverfirm not named in the heading | — | — | — | not stated | First Report of the Receiver – March 9, 2026 · 9 Mar 2026 |
3 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plansEstate financialsReported figures — never derived
Cumulative receipts
$165K
As at 1 Jun 2026Second Report of the Receiver – June 1, 2026
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures
Each one as the filing states it, with its source.
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See all plansDocuments
42 filings
| Date | Document | File |
|---|---|---|
Endorsement of Justice J. Dietrich dated September 21, 2026
| PDF · Subscribers | |
Order (Approval and Vesting) dated September 21, 2026
| PDF · Subscribers | |
Endorsement of Justice Cavanagh dated September 18, 2026
| PDF · Subscribers | |
Supplementary Fourth Report of the Receiver - September 18, 2026
| PDF · Subscribers | |
| Aide Memoire of the Receiver dated September 17, 2026 | PDF · Subscribers | |
Fourth Report of the Receiver - September 10, 2026
| PDF · Subscribers | |
| Non-Confidential Motion Record of the Receiver dated September 10, 2026 | PDF · Subscribers | |
Endorsement of Pomerance J.A. dated September 1, 2026
| PDF · Subscribers | |
| Court of Appeal Motion Record of the Receiver dated August 14, 2026 | PDF · Subscribers | |
Third Report of the Receiver – August 14, 2026
| PDF · Subscribers | |
| Service List (August 12, 2026) | PDF · Subscribers | |
| Notice of Appeal (AAMI) – July 20, 2026 | PDF · Subscribers | |
| Notice of Appeal (AG GP) – July 20, 2026 | PDF · Subscribers | |
Endorsement of Justice Dietrich dated July 10, 2026
| PDF · Subscribers | |
Order (Lease Terminaiton and Anciliiary Relief) dated July 10, 2026
| PDF · Subscribers | |
| Supplementary Reply Record of the Receiver dated June 30, 2026 | PDF · Subscribers | |
Supplementary Second Report of the Receiver dated June 30, 2026
| PDF · Subscribers | |
| Reply Record of the Receiver dated June 19, 2026 | PDF · Subscribers | |
| Responding Affidavit of Mohammed Ahmed dated June 12, 2026 | PDF · Subscribers | |
Endorsement of Justice Dietrich dated June 9, 2026
| PDF · Subscribers | |
Affidavit of Mohammed Ahmed June 8, 2026
| PDF · Subscribers | |
Notice of Motion – June 1, 2026
| PDF · Subscribers | |
Second Report of the Receiver – June 1, 2026
| PDF · Subscribers | |
| Motion Record dated April 17, 2026 | PDF · Subscribers | |
| Appellants Notice of Appeal dated April 9, 2026 | PDF · Subscribers | |
| Respondents’ Notice of Appeal dated April 6, 2026 | PDF · Subscribers | |
Endorsement of Justice Dunphy dated April 1, 2026
| PDF · Subscribers | |
Order (Sales Process, Approval and Ancillary Relief) dated April 1, 2026
| PDF · Subscribers | |
Supplementary First Report of the Receiver – March 30, 2026
| PDF · Subscribers | |
| Supplementary Motion Record of the Receiver dated March 30, 2026 | PDF · Subscribers | |
| Responding Motion Record of the Respondents dated March 26, 2026 | PDF · Subscribers | |
Endorsement of Justice Dunphy dated March 17, 2026
| PDF · Subscribers | |
Endorsement of J. Steele dated March 11, 2026
| PDF · Subscribers | |
First Report of the Receiver – March 9, 2026
| PDF · Subscribers | |
Non-Confidential Motion Record – March 9, 2026
| PDF · Subscribers | |
| Service List (as at March 9 2026) | PDF · Subscribers | |
Endorsement of Justice Myers released December 17, 2025
| PDF · Subscribers | |
Receivership Appointment Order dated December 17, 2025
| PDF · Subscribers | |
Supplementary Affidavit Chawin Vajanopath – Applicant – 09 Dec 2025
| PDF · Subscribers | |
| Responding Motion Record of the Respondents dated August 29, 2025 | PDF · Subscribers | |
Endorsement of Justice Steele released July 23, 2025
| PDF · Subscribers | |
Notice of Application dated July 8, 2025
| 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., “AG (1000 & 1024 Dundas St. E.) GP Inc., AG (1000 & 1024 Dundas St. E.) LP, and AG (1000 & 1024 Dundas St. E.) Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/ag-1000-1024-dundas-st-e-gp-inc-ag-1000-1024-dundas-st-e-lp-and-ag-1000-1024-dun