#Sale
The court granted an approval and vesting order for the sale to 1001200007 Ontario Inc. Closing terms, as extracted: vesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction of conditions.
Cacoeli Terra Vaughan Ltd.
ActiveFollow
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act; section 101 of the Courts of Justice Act
- File
- CV-24-00001113-0000
- Industry
- Real estate · Land holdings
OverviewSummary updated
Cacoeli Terra Vaughan Ltd. is the subject of a court-appointed receivership proceeding before the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), commenced February 7, 2024 under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The Notice of Application was issued that day and carries court file number CV-24-00001113-0000. The proceeding remains active. The record available for this page consists of the commencement filing alone; no subsequent orders, appointments or reports have been entered against the file, and nothing further about the debtor, the applicant creditor or the property at issue has been read out of the materials.
Proceedings AIOpen Proceedings AI
Case updates6 dated entries
#Order
The court appointed BDO Canada Limited as receiver, on the application of Vancity Community Investment Bank. Court file CV-24-00001113-0000.
Source: Receivership Order - May 1 2024
#Filing
Notice of Application issued, commencing the receivership proceeding against Cacoeli Terra Vaughan Ltd. in the Ontario Superior Court under file number CV-24-00001113-0000.
Source: Application Record (returnable May 1) dated March 1, 2024
Parties
Debtor
Cacoeli Terra Vaughan Ltd.
Receiver
BDO
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice McKelvey | Ontario Superior Court of Justice | 2 orders, May 2025 | 1 case on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverBDO | Robins Appleby LLP | 14 May 2025 | Order · 14 May 2025 |
| Applicant | Lerners LLP | 1 May 2024 | Order · 1 May 2024 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Vancity Community Investment Bank (VCIB) · in 3 casesFirst mortgage on Real Property (10811 & 10819 Jane Street East, Vaughan, Ontario) registered July 29, 2021 ('VCIB Mortgage'); General Security Agreement dated July 27, 2021 over all present, future and after-acquired property, assets and undertakings; General Assignment of Leases and Rents dated July 27, 2021. Also secured by joint and several Corporate Guarantees (2748983 Ontario Limited, Cacoeli Jane Teston LP, Street Block Partners Inc.) and Personal Guarantees (Jedidiah Liu, Kasey Wong, Majid Sarkar-Tavakoli), all dated July 27, 2021, perfected by registration. — Amount is the exact 'all- · as of 8 Nov 2023 | $3.5M | Application Record (returnable May 1) dated March 1, 2024 |
| Secured |
1 more claim in 1 class The stack holds 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 processPer the transactions
Sale approvedApproval and Vesting Order dated May 14, 2025 · 14 May 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1001200007 Ontario Incthe Debtor's right, title, benefit and interest in the assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · agreement 7 Apr 2025 | not stated | Approved14 May 2025 | Approval and Vesting Order dated May 14, 2025 |
Closing termsvesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction of conditionsApproval and Vesting Order dated May 14, 2025
RecoveriesAs stated in the filings
Vancity Community Investment Bank: shortfall.EstimatedMotion Record - Receiver · 5 May 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredVCIB (first mortgagee) | Vancity Community Investment Bank | — | shortfall | Estimatedper the receiver | Motion Record - Receiver · 5 May 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.
Documents6 filings
| Date | Document | File |
|---|---|---|
Approval and Vesting Order dated May 14, 2025
| PDF · Subscribers | |
| Endorsement dated May 14, 2025 | PDF · Subscribers | |
Interim Distribution Order dated May 14, 2025
| PDF · Subscribers | |
Motion Record - Receiver - dated May 5, 2025
| PDF · Subscribers | |
Receivership Order - May 1 2024
| PDF · Subscribers | |
Application Record (returnable May 1) dated March 1, 2024
| 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., “Cacoeli Terra Vaughan Ltd.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/cacoeli-terra-vaughan-ltd