Centrestone
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CV-20-00638777-00CL
Centrestone was placed in receivership by order of the Ontario Superior Court of Justice on March 26, 2020, the date the proceeding commenced under court file CV-20-00638777-00CL. The matter is recorded as a bankruptcy and insolvency proceeding governed by the Bankruptcy and Insolvency Act, in Ontario. The proceeding remains active. The receivership order of March 26, 2020 is the only step on the record; no subsequent orders, reports or claims process steps have been recorded in this file.
Application Record - Volume 1 of 2, dated April 2, 2022 — Application / notice of application
Application Record - Volume 2 of 2, dated April 6, 2022 — Application / notice of application
First (and Final) Report of the Receiver (Part 1), dated March 3, 2022 — Court officer report
First (and Final) Report of the Receiver (Part 2), dated March 3, 2022 — Court officer report
Receivership order made, placing Centrestone in receivership and commencing the Ontario Superior Court proceeding under court file CV-20-00638777-00CL.
Source: Receivership Order
Debtor
Centrestone
Receiver
EY
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Kimmel | Ontario Superior Court of Justice | 2 orders, May 2022 | 198 cases on record |
| Justice McEwen | Ontario Superior Court of Justice | 2 orders, Mar 2020 | 143 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantNational Bank of Canada | Borden Ladner Gervais LLP | 26 Mar 2020 | Order · 26 Mar 2020 |
| ApplicantNational Bank of Canada CENTRESTONE GRANITE & MARBLE INC | Borden Ladner Gervais LLP | 27 May 2022 | Order · 27 May 2022 |
| ApplicantNational Bank of Canada Lawyers for The National Bank of Canada | Borden Ladner Gervais LLP | 26 Mar 2020 | Application · 26 Mar 2020 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 985 casesDeemed trust claim (source deductions) - statutory priority claim in the receivership/bankruptcy — Deemed-trust class claim; CRA advised the exact trust claim amount ($11,979.65) on August 24, 2021, which the Receiver paid on August 30, 2021 (now satisfied/discharged). Distinct from CRA's separate unsecured claim of approximately $245,000 (income taxes, HST, non-trust portion of source deductions, penalties and interest - not secured). Earlier prose estimates in the report (HST ~$141,000; source deductions ~$37,000; corporate taxes ~$69,000) are components superseded by CRA's confirmed trust-c · as of 24 Aug 2021 | $12K | First (and Final) Report of the Receiver (Part 1), dated March 3, 2022 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
11 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansBDC: paid in full.FinalFirst (and Final) Report of the Receiver (Part 1) · 3 Mar 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredThe Business Development Bank of Canada | BDC | — | paid in full | Finalper the receiver | First (and Final) Report of the Receiver (Part 1) · 3 Mar 2022 |
| Secured | C&C North America, Inc. | — | no distribution | per the receiver | Application Record - Volume 1 of 2 · 3 Mar 2022 |
| Secured | Kenworth, Honda, and VW | — | paid in full | per the receiver | Application Record - Volume 1 of 2 · 3 Mar 2022 |
| Secured | National Bank of Canada | estimated | shortfall | Estimatedper the receiver | First (and Final) Report of the Receiver (Part 1) · 3 Mar 2022 |
| Secured | The Business Development Bank of Canada | — | paid in full | per the receiver | Application Record - Volume 1 of 2 · 3 Mar 2022 |
| PMSI / lessor | Kenworth Toronto Leasing Ltd., Honda Canada Finance Inc., VW Credit Canada Inc. | — | paid in full | Finalper the receiver | First (and Final) Report of the Receiver (Part 1) · 3 Mar 2022 |
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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansAs at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Receiver's Certificate | PDF · Subscribers | |
Discharge Order, dated May 27, 2022
| PDF · Subscribers | |
Endorsement of Kimmel, J., dated May 27, 2022
| PDF · Subscribers | |
Application Record - Volume 1 of 2, dated April 2, 2022
| PDF · Subscribers | |
| Application Record - Volume 2 of 2, dated April 6, 2022 | PDF · Subscribers | |
First (and Final) Report of the Receiver (Part 1), dated March 3, 2022
| PDF · Subscribers | |
| First (and Final) Report of the Receiver (Part 2), dated March 3, 2022 | PDF · Subscribers | |
| Notice to Creditors and Claim Package | PDF · Subscribers | |
| Bankruptcy Order | PDF · Subscribers | |
| Certificate of Appointment 31-2750313 | PDF · Subscribers | |
| Certificate of Appointment - 2608798 Ontario Inc | PDF · Subscribers | |
| Certificate of Appointment - Centrestone Granite & Marble Inc | PDF · Subscribers | |
245-246 Notice
| PDF · Subscribers | |
| Application Record, - Part 1 | PDF · Subscribers | |
| Application Record, - Part 2 | PDF · Subscribers | |
Endorsement of McEwen, J
| PDF · Subscribers | |
Notice of Application
| PDF · Subscribers | |
Receivership Order
| 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., “Centrestone” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 4 November 2026, https://proceedings.ca/case/centrestone