Proceedings.

Annapolis Management Inc., BSL Holdings Inc., Ruby LLP, 3337151 Nova Scotia Limited, and 4551650 Nova Scotia Limited

Follow
Active
Proceeding
NOIs. 243 of the BIA
Court
Supreme Court of Nova Scotia
File
Hfx No. 539955
Filings held70
Last activity9 Oct 2025
On the record609 days
Secured debt$16.1M
OverviewSummary updated

Annapolis Management Inc. and four related companies — BSL Holdings Inc., Ruby LLP, 3337151 Nova Scotia Limited and 4551650 Nova Scotia Limited — filed a notice of intention to make a proposal under section 50.4 of the BIA on January 20, 2025 in Nova Scotia. The filing followed defaults under loan agreements and the issuance of notices of intention to enforce security under BIA s. 244(1) by a group of mortgage lenders that had applied against the companies. Reported mortgage exposure as at January 20, 2025 includes $16,102,160 to Atlantic Central, $13,933,831 to League Savings and Mortgage, $7,102,618 to Graysbrook Capital Limited, $6,570,838 to Assumption Mutual Life Insurance Company, $1,800,000 to Douro Capital Limited and $275,000 to 3046475 Nova Scotia Limited. CIBC ($1,631,000) and Saltwire ($210,000) hold further mortgages. The proceeding is active.

Proceedings AIAsk this case — answers cite the filings
Ask in plain language. The answer comes only from this case’s filings, each one cited.
Enter to send · Shift+Enter for a new line
Case updates68 dated entries · 3 undated
#Filing

Annapolis Management Inc., BSL Holdings Inc., Ruby LLP, 3337151 Nova Scotia Limited, and 4551650 Nova Scotia Limited — NOI filed, Nova Scotia.

Undated filings3 — no date appears on the document · show
—
Order

Confidentiality Order — Interim order granted

PDF

—
Order

Draft Receivership Order — Interim order granted

PDF

—
Order

Red-Line Copy of Receivership Order — Interim order granted

PDF

Parties

Debtor

Annapolis Management Inc., BSL Holdings Inc., Ruby LLP, 3337151 Nova Scotia Limited, and 4551650 Nova Scotia Limited

Proposal trustee

Deloitte

Capital structureAs asserted in the filings
stated amounts, drawn to scale
Priority classCreditorAmountSource
SecuredAtlantic Central (Atlantic Central Credit Union) · in 2 casesFirst mortgages: Freemasons Hall - 1533 Barrington St (~$13.7M) and Granville Hall - 1665/1669 Granville St (~$2.4M); figures are estimated principal/registered amounts — Part of Applicant Lender Group; sent notice of intention to enforce security (NITES) under BIA s.244(1); estimated outstanding mortgage balance as of Supplemental Pre-Filing Report — debtor: Annapolis Management Inc. and BSL Holdings Limited · as of 20 Jan 2025$16.1MSupplemental Pre-Filing Report to the Court submitted by Grant Thornton Limited in its Capacity as Proposed Receiver dated January 20, 2025
SecuredLeague Savings and MortgageFirst mortgages: National Film Board - 1572 Barrington St (~$7.7M, plus an unlimited collateral mortgage) and Tramway Building - 1598 Barrington St (~$6.2M); figures are estimated principal/registered amounts — Part of Applicant Lender Group; sent NITES under BIA s.244(1); estimated outstanding mortgage balance as of Supplemental Pre-Filing Report — debtor: Annapolis Management Inc. and 3337151 Nova Scotia Limited · as of 20 Jan 2025$13.9MSupplemental Pre-Filing Report to the Court submitted by Grant Thornton Limited in its Capacity as Proposed Receiver dated January 20, 2025
SecuredGraysbrook Capital Limited · in 3 casesSecond mortgages across multiple properties: Halifax Club (~$1.4M), Freemasons Hall (~$3.8M), Residence (~$1.1M) and Granville Hall (~$0.8M); figures are estimated principal amounts, do not sum to reported total — Part of Applicant Lender Group; sent NITES under BIA s.244(1); estimated outstanding mortgage balance as of Supplemental Pre-Filing Report — debtor: Annapolis Management Inc. and BSL Holdings Limited · as of 20 Jan 2025$7.1MSupplemental Pre-Filing Report to the Court submitted by Grant Thornton Limited in its Capacity as Proposed Receiver dated January 20, 2025
SecuredAssumption Mutual Life Insurance Company · in 2 casesFirst mortgages: Halifax Club - 1682 Hollis St (~$4.2M) and Guardian Building - 165 Prince St, PEI (~$2.4M); figures are estimated principal/registered amounts — Part of Applicant Lender Group; sent NITES under BIA s.244(1); estimated outstanding mortgage balance as of Supplemental Pre-Filing Report — debtor: Annapolis Management Inc. and BSL Holdings Limited · as of 20 Jan 2025$6.57MSupplemental Pre-Filing Report to the Court submitted by Grant Thornton Limited in its Capacity as Proposed Receiver dated January 20, 2025
SecuredDouro Capital Limited · in 2 casesFirst mortgage on Sonic Building - 1674 Hollis St (~$1.8M estimated) — Applicant party in the proceeding and part of Applicant Lender Group; NITES not listed as sent by this creditor in the report — debtor: 4551650 Nova Scotia Limited · as of 20 Jan 2025$1.8MSupplemental Pre-Filing Report to the Court submitted by Grant Thornton Limited in its Capacity as Proposed Receiver dated January 20, 2025
SecuredCIBC · in 69 casesFirst mortgage on Residence - 545 Young Ave (~$1.6M estimated) — Not an Applicant/Lender Group member; included on service list; no NITES noted for this creditor — debtor: Annapolis Management Inc. · as of 20 Jan 2025$1.63MSupplemental Pre-Filing Report to the Court submitted by Grant Thornton Limited in its Capacity as Proposed Receiver dated January 20, 2025
Secured3046475 Nova Scotia Limited · in 2 casesSecond mortgage on Sonic Building - 1674 Hollis St (~$0.3M estimated) — Applicant party in the proceeding and part of Applicant Lender Group; sent NITES under BIA s.244(1) — debtor: 4551650 Nova Scotia Limited · as of 20 Jan 2025$275KSupplemental Pre-Filing Report to the Court submitted by Grant Thornton Limited in its Capacity as Proposed Receiver dated January 20, 2025
SecuredSaltwireSecond mortgage on Guardian Building - 165 Prince St, PEI (~$0.2M estimated) — Not an Applicant/Lender Group member; included on service list; no NITES noted for this creditor — debtor: BSL Holdings Limited · as of 20 Jan 2025$210KSupplemental Pre-Filing Report to the Court submitted by Grant Thornton Limited in its Capacity as Proposed Receiver dated January 20, 2025
Sale processAs stated in the filings

3 transactions · 2 proposed · 1 not completed — Yoshimi withdrew its offer on the Sonic Building; remaining transactions for Tramway Building and Granville Hall are in final revision but not yet executedSupplement to the Fifth Report of Deloitte Retructuring Inc. in its… · 9 Jul 2025

PurchaserPriceStatusSource
3299425 Nova Scotia Limitedall of the right, title and interest in the following real property... commonly referred to as "Granville Hall" · real property · nominee/assignee: the Purchaser's assignee, nominee or designatenot statedProposed3 Jul 2025Sale and Vesting Order - Granville
778938 Ontario Limitedall of the right, title and interest in the following real property... 1598 Barrington Street, Halifax, Nova Scotia, more particularly described as PID No. 00076455, which is commonly referred to as the "Tramway Building" · real property · nominee/assignee: the Purchaser's assignee, nominee or designatenot statedProposed3 Jul 2025Sale and Vesting Order - Tramway
Yoshimi Investments Limitedall of the right, title and interest in the following real property ... 1674 Hollis Street, Halifax, Nova Scotia, more particularly described as PID No. 00003236, which is commonly referred to as the 'Sonic Building' · real property · nominee/assignee: the Purchaser's assignee, nominee or designatenot statedNot completeddate not statedSupplement to the Fifth Report of Deloitte…
AdvisorsResolve Advisory Services (financial advisor); Deloitte Restructuring Inc. (sale agent)Sale and Vesting Order - Granville
Closing termsDelivery of a Deed and a Proposal Trustee's Certificate triggers vestingSale Approval and Vesting Order - Granville Hall
RecoveriesAs stated in the filings

Trez: paid in full.Written Submission · 26 Jun 2025

ClassCreditorClaimsRecoveryBasisSource
SecuredTrez—paid in full—Written Submission · 26 Jun 2025

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.

Estate financialsReported figures — never derived
Total assets at filing$5.49M
Total liabilities at filing$6.51M

As at 19 Jul 2025 · per totals from the list of assets and liabilities as stated and estimated by bankrupt/debtor · BSL Holdings Limited (single entity), Statement of Affairs as at the date of bankruptcy — Deficiency of -1,017,956.64 stated. Asset components: cash on hand 2,493,797.75; real property (165 Prince Street, Charlottetown) 3,000,000.00. Liability components: secured creditors 6,205,794.39; preferred creditors 90,000.00; unsecured creditors 215,960.00; contingent/trust claims 0.00.

Documents
70 filings
DateDocumentFile
Activities and Fee Approval Order dated October 9, 2025PDF
Distribution Order dated October 9, 2025PDF
3337151 Nova Scotia Limited - Notice to Creditors dated July 25, 2025PDF
4551650 Nova Scotia Limited - Notice to Creditors dated July 25, 2025
  • Financial position Assets $0 · Liabilities $2.24M · as at 19 Jul 2025 · per totals from the list of assets and liabilities as stated and estimated by bankrupt/debtor (Statement of Affairs, Form 78); estimated realizable value basis · entity-level - 4551650 Nova Scotia Limited — Real property (1674 Hollis Street, Halifax) listed with total value $2,500,000.00 but estimated realizable value $0.00; liabilities comprise secured creditors $2,219,647.45, preferred creditors $14,332.21, unsecured creditors $1,483.00; deficiency of $2,235,462.66 stated.
PDF
Annapolis Management Inc. - Notice to Creditors dated July 25, 2025PDF
BSL Holdings Limited - Notice to Creditors dated July 25, 2025
  • Financial position Assets $5.49M · Liabilities $6.51M · as at 19 Jul 2025 · per totals from the list of assets and liabilities as stated and estimated by bankrupt/debtor · BSL Holdings Limited (single entity), Statement of Affairs as at the date of bankruptcy — Deficiency of -1,017,956.64 stated. Asset components: cash on hand 2,493,797.75; real property (165 Prince Street, Charlottetown) 3,000,000.00. Liability components: secured creditors 6,205,794.39; preferred creditors 90,000.00; unsecured creditors 215,960.00; contingent/trust claims 0.00.
PDF
Ruby LLP - Notice to Creditors dated July 25, 2025PDF
Letter to Justice John A. Keith dated July 16, 2025PDF
Sale Approval and Vesting Order - Granville Hall
  • Closing terms Delivery of a Deed and a Proposal Trustee's Certificate triggers vesting
  • Order date 3 July 2025
  • Purchaser 3299425 Nova Scotia Limited · nominee/assignee the Purchaser's assignee, nominee or designate · all of the right, title and interest in the following real property... commonly referred to as "Granville Hall" · real property · approved
  • Sale outcome Sale approved — The sale of the Purchased Assets is hereby approved
PDF
Sale Approval and Vesting Order - Tramway Building
  • Closing terms Vesting effective upon delivery of Deed and Proposal Trustee's Certificate
  • Order date 3 July 2025
  • Purchaser 778938 Ontario Limited · nominee/assignee the Purchaser's assignee, nominee or designate · all of the right, title and interest in the following real property... 1598 Barrington Street, Halifax, Nova Scotia, more particularly described as PID No. 00076455, which is commonly referred to as the "Tramway Building" · real property · approved
  • Sale outcome Sale approved — The sale of the Purchased Assets is hereby approved
PDF
Letter to Justice John A. Keith dated July 15, 2025PDF
Agreement of Purchase and Sale (Granville Hall) dated July 14, 2025PDF
Agreement of Purchase and Sale (Tramway Building) dated July 14, 2025PDF
Supplement to the Fifth Report of Deloitte Retructuring Inc. in its Capacity as Proposal Trustee under the Notice of Intention to Make a Proposal dated July 9, 2025
  • Closing confirmed Did not complete · date not stated · Yoshimi Investments Inc.
  • Purchaser Yoshimi Investments Inc. · the Sonic Building (which municipal address is 1674 Hollis Street in Halifax) · real property · not completed; proposed purchaser of the Tramway Building, unnamed in this report · the Tramway Building · real property · proposed; proposed purchaser of Granville Hall, unnamed in this report · Granville Hall · real property · proposed
  • Sale outcome Sale did not complete — Yoshimi withdrew its offer on the Sonic Building; remaining transactions for Tramway Building and Granville Hall are in final revision but not yet executed
PDF
Confidentiality Order dated July 4, 2025
  • Presiding officer Justice John A. Keith
PDF
Stay Order dated July 4, 2025
  • Order date 4 July 2025
  • Presiding officer Justice John A. Keith
  • Stay extended to 18 July 2025
PDF
Fifth Report of Deloitte Retructuring Inc. in its Capacity as Proposal Trustee under the Notice of Intention to Make a Proposal dated June 27, 2025PDF
Notice of Motion dated June 26, 2025PDF
Written Submission dated June 26, 2025
  • Recovery outcome Entries: per unstated · Table missing:
PDF
Draft OrderPDF
Letter to Counsel dated May 16, 2025PDF
Order dated May 16, 2025PDF
Letter to Justice John A. Keith dated May 15, 2025PDF
Letter to counsel re Stay Extension dated May 13, 2025PDF
Fourth Report of Deloitte Retructuring Inc. in its Capacity as Proposal Trustee under the Notice of Intention to Make a Proposal dated May 9, 2025PDF
Notice of Motion dated May 9, 2025PDF
Written Submission dated May 9, 2025PDF
Affidavit of Joanne Caryi dated May 8, 2025PDF
Order dated April 4, 2025
  • Presiding officer Justice John A. Keith
PDF
Third Report of Deloitte Retructuring Inc. in its Capacity as Proposal Trustee under the Notice of Intention to Make a Proposal dated March 28, 2025PDF
Book of Authorities of the ApplicantsPDF
Written Submission of the Applicants dated March 26, 2025PDF
Affidavit of Joanne Caryi dated March 25, 2025PDF
Notice of Motion by Correspondence dated March 24, 2025PDF
Administrative Consolidation and Amendment Order dated February 18, 2025PDF
Draft Amendment OrderPDF
Draft Substantive OrderPDF
Order dated February 18, 2025PDF
Second Report of Deloitte Retructuring Inc. in its Capacity as Proposal Trustee under the Notice of Intention to Make a Proposal dated February 14, 2025PDF
Affidavit of Joanne Caryi dated February 13, 2025PDF
Notice of Motion dated February 13, 2025PDF
Written Submission dated February 13, 2025PDF
Affidavit of Joanne Caryi sworn January 23, 2025 Volume 1 of 2PDF
Affidavit of Joanne Caryi sworn January 23, 2025 Volume 2 of 2PDF
Book of AuthoritiesPDF
First Report of Deloitte Retructuring Inc. in its Capacity as Proposal Trustee under the Notice of Intention to Make a Proposal dated January 23, 2025
  • Sale advisor Resolve Advisory Services (financial advisor)
  • Sale outcome Sale process approved — The Caryi Group, in conjunction with the Proposal Trustee, continued to refine its proposed SISP
PDF
Respondents' Brief dated January 23, 2025PDF
Affidavit of Darren D. O'Keefe dated January 22, 2025PDF
Affidavit of Melissa De Caria dated January 22, 2025PDF
Court Issued Affidavit of Charles Ackerman dated January 22, 2025PDF
Court Issued Affidavit of Marc Dunning dated January 22, 2025PDF
Court Issed Book of Authorities dated January 21, 2025
  • Applicant DOURO CAPITAL LIMITED, GRAYSBROOK CAPITAL LIMITED, LEAGUE SAVINGS AND MORTGAGE COMPANY, ATLANTIC CREDIT, ASSUMPTION MUTUAL LIFE INSURANCE COMPANY, and 3046475 NOVA SCOTIA LIMITED
  • Commencement date 24 January 2025
  • Court SUPREME COURT OF NOVA SCOTIA
  • Court file no Hfx No. 539955
PDF
Court Issued Memorandum of Fact & Law dated January 21, 2025PDF
Court Issued Supplemental Pre-Filing Report to the Court submitted by Grant Thornton Limited in its Capacity as Proposed Receiver dated January 21, 2025PDF
3337151 Nova Scotia Limited - Certificate of Filing of a Notice of Intention to Make a Proposal dated January 20, 2025PDF
4551650 Nova Scotia Limited - Certificate of Filing of a Notice of Intention to Make a Proposal dated January 20, 2025PDF
Annapolis Management Inc. - Certificate of Filing of a Notice of Intention to Make a Proposal dated January 20, 2025PDF
BSL Holdings Limited - Certificate of Filing of a Notice of Intention to Make a Proposal dated January 20, 2025PDF
Court Issued Affidavit of Marc Dunning dated January 20, 2025
  • Secured creditors Note: No principal/balance amount stated in registration record · Page: 52 · As of: 2020-06-03 · Debtor: 3337151 Nova Scotia Limited · Creditor: League Savings and Mortgage Company · Currency: CAD · Security: Registered mortgage (Doc#116420143) and assignment of leases/rents (Doc#116420150), reg. Jun 3, 2020, against PID 76455, 1598 Barrington St, Halifax
PDF
Court Issued Affidavit of Mark Horne (Exhibits A-J) dated January 20, 2025
  • Secured creditors Note: Personal guarantee from Steven Caryi also held. No balance statement included in these pages; affidavit references a January 13, 2025 statement of amounts outstanding (Exhibit W) not provided in this excerpt. · Page: 4 · Debtor: BSL Holdings Limited · Creditor: Atlantic Central · Currency: CAD · Security: First charge mortgage (Doc No. 120834305) and first charge assignment of rents and leases (Doc No. 120834917) over Granville Hall (1665-1669 Granville St, Halifax); General Security Agreement over BSL Holdings Limited's personal property related to Granville Hall; loan facility limit up to $2,250,000 (offer of financing dated June 13, 2022).
PDF
Court Issued Notice of Application dated January 20, 2025
  • Applicant DOURO CAPITAL LIMITED, GRAYSBROOK CAPITAL LIMITED, LEAGUE SAVINGS AND MORTGAGE COMPANY, ATLANTIC CREDIT, ASSUMPTION MUTUAL LIFE INSURANCE COMPANY, and 3046475 NOVA SCOTIA LIMITED
  • Appointee Doane Grant Thornton
  • Appointee role court-appointed receiver
  • Commencement date 20 January 2025
  • + 4 more extracted facts
PDF
Ruby LLP - Certificate of Filing of a Notice of Intention to Make a Proposal dated January 20, 2025PDF
Sale and Vesting Order - Granville
  • Closing terms Vesting occurs upon delivery of a Deed and Proposal Trustee's Certificate confirming closing in accordance with the APS.
  • Order date 3 July 2025
  • Purchaser 3299425 Nova Scotia Limited · nominee/assignee the Purchaser's assignee, nominee or designate · all of the right, title and interest in the following real property... 1665 Granville Street... and 1669 Granville Street... commonly referred to as 'Granville Hall' · real property · approved
  • Sale advisor Deloitte Restructuring Inc. (sale agent)
  • + 1 more extracted fact
PDF
Sale and Vesting Order - Sonic
  • Closing terms Vesting upon delivery of a Deed and Proposal Trustee's Certificate
  • Order date 3 July 2025
  • Purchaser Yoshimi Investments Limited · nominee/assignee the Purchaser's assignee, nominee or designate · all of the right, title and interest in the following real property ... 1674 Hollis Street, Halifax, Nova Scotia, more particularly described as PID No. 00003236, which is commonly referred to as the 'Sonic Building' · real property · approved
  • Sale advisor Deloitte Restructuring Inc. (sale agent)
  • + 1 more extracted fact
PDF
Sale and Vesting Order - Tramway
  • Closing terms Closing occurs upon delivery of a Deed and a Proposal Trustee's Certificate to the Purchaser
  • Order date 3 July 2025
  • Purchaser 778938 Ontario Limited · nominee/assignee the Purchaser's assignee, nominee or designate · all of the right, title and interest in the following real property... 1598 Barrington Street, Halifax, Nova Scotia, more particularly described as PID No. 00076455, which is commonly referred to as the 'Tramway Building' · real property · approved
  • Sale outcome Sale approved — The sale of the Purchased Assets is hereby approved
PDF
Supplemental Pre-Filing Report to the Court submitted by Grant Thornton Limited in its Capacity as Proposed Receiver dated January 20, 2025
  • Secured creditors $210K · Note: Not an Applicant/Lender Group member; included on service list; no NITES noted for this creditor · Page: 7 · As of: 2025-01-20 · Debtor: BSL Holdings Limited · Creditor: Saltwire · Security: Second mortgage on Guardian Building - 165 Prince St, PEI (~$0.2M estimated)
PDF
Affidavit of Mark Horne (Exhibits K onward)
  • Secured creditors Note: Personal guarantor; related party (individual); postponement of claim in favour of Atlantic Central and League Savings & Mortgage · Page: 2 · Debtor: Annapolis Management Inc. / Ruby LLP · Creditor: Steve Caryi · Currency: CAD · Security: Guarantee and Postponement of Claim (unlimited)
PDF
Confidentiality OrderPDF
Draft Receivership OrderPDF
Red-Line Copy of Receivership OrderPDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “Annapolis Management Inc., BSL Holdings Inc., Ruby LLP, 3337151 Nova Scotia Limited, and 4551650 Nova Scotia Limited” (NOI), Supreme Court of Nova Scotia. Retrieved 20 September 2026, https://proceedings.ca/case/annapolis-management-inc-bsl-holdings-inc-ruby-llp-3337151-nova-scotia-limited-a

Recently updated

1281805 B.C. Ltd.

British Columbia · NOI

18 Sep 2026

Collection Tuff Avenue Inc.

Quebec · Bankruptcy

18 Sep 2026

6511 Sussex Heights Development Ltd. ("Highline Metrotown") and Minoru View Homes Ltd. ("Minoru Square") et al.

British Columbia · Receivership (court-appointed)

18 Sep 2026

177 Cross Argus Development Inc.

Ontario · NOI

18 Sep 2026

Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/annapolis-management-inc-bsl-holdings-inc-ruby-llp-3337151-nova-scotia-limited-a

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.