Proceedings.

Chacon Strawberry Fields Inc.

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Closed
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
File
CV-24-00717742-00CL
Industry
Real estate
Filings held22
Last activity16 Mar 2026
On the record820 days
Secured debtSubscribers
OverviewSummary updated

Chacon Strawberry Fields Inc. has been in court-appointed receivership in the Ontario Superior Court of Justice since July 19, 2024, on the application of First Source Financial Management Inc. under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, court file CV-24-717742-00CL. The Fuller Landau Group Inc. serves as receiver and manager. First Source holds a first mortgage over 12550, 12560 and 12570 Kennedy Road, Caledon, a general security agreement and a guarantee from Surinder Kaur Chahal; its payoff figure was $17,093,968.97 as of April 17, 2024, with per diem interest of $4,657.53. The loan matured May 8, 2024, and a May 10, 2024 forbearance agreement was breached by missed and partial interest payments in June 2024. Title also carries a second mortgage to 1794523 Ontario Inc., charges registered from April 2023 without the lender's consent, a construction lien, and realty tax arrears of $231,267.91 as of March 1, 2024. The proceeding is active.

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Case updates22 dated entries
#Sale

The court granted an approval and vesting order for the sale to 1001063821 Ontario Inc. Closing terms, as extracted: Vesting is effective upon delivery by the Receiver to the Purchaser of a certificate confirming payment of the purchase price, satisfaction or waiver of the closing conditions, and completion of the Transaction to the Receiver's satisfaction.

Source: Approval and Vesting Order

#Order

The court appointed The Fuller Landau Group Inc. as receiver and manager, on the application of FIRST SOURCE FINANCIAL MANAGEMENT INC.. Court file CV-24-717742-00CL.

Source: Appointment Order

Parties

Debtor

Chacon Strawberry Fields Inc.

Receiver

Fuller Landau

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice CavanaghOntario Superior Court of Justice2 orders, Mar 2026316 cases on record
Justice SteeleOntario Superior Court of Justice2 orders, Nov 2024239 cases on record
Justice OsborneOntario Superior Court of Justice2 orders, Nov 2024168 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverFuller LandauAird & Berlis LLP11 Nov 2024Application · 11 Nov 2024
ApplicantPaliare Roland Rosenberg Rothstein LLP19 Jul 2024Order · 19 Jul 2024
DebtorChacon Strawberry Fields Inc.Daoust Vukovich LLP14 Nov 2024Application · 14 Nov 2024
CreditorFirst Source Financial Management IncPaliare Roland Rosenberg Rothstein LLP14 Nov 2024Application · 14 Nov 2024
Creditortenant, Royal Paan Leasing LimitedMakkar Law Professional Corporation14 Nov 2024Application · 14 Nov 2024
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
Priority classCreditorAmountSource
SecuredFirst Source Financial Management Inc. · in 8 casesFirst mortgage (Charge, Instrument No. PR4152681, registered Dec 15, 2022) over 12550, 12560 and 12570 Kennedy Road, Caledon, Ontario; General Security Agreement over Borrower's personal property (PPSA financing statement registered on or around Dec 13, 2022); guarantee of Surinder Kaur Chahal (officer, director and shareholder of Borrower). — Amount is the payoff per discharge statement (Schedule A to Forbearance Agreement): principal $17,000,000.00 + interest to Apr 16, 2024 $74,837.48 + fees/charges and legal fees (Chaitons LLP $11,481.49). Per diem interest thereafter $4,657.53 plus contin · as of 17 Apr 2024$17.1MSupplemental Application Record of the Applicant - First Source - 18-JUNE-2024
Secured
Secured
Secured
Secured

4 more claims in 1 class The stack holds Secured claims.

Every creditor and every amount, drawn to scale.

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This 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

Sale approved — The Court approved the Transaction and authorized the Receiver's execution of the Sale Agreement, vesting the Purchased Assets in the Purchaser upon delivery of the Receiver's Certificate.Approval and Vesting Order · 19 Dec 2024

PurchaserPriceStatusSource
1001063821 Ontario Inc.the Purchased Assets (as defined in the Sale Agreement), including the Real Property identified in Schedule "B" · real property · nominee/assignee: Praabjeet Singh Chhabra for a company to be incorporated, and assigned to 1001063821 Ontario Inc. by assignment and assumption agreement dated December 17, 2024 · agreement 15 Nov 2024not statedApproved19 Dec 2024Approval and Vesting Order
Closing termsVesting is effective upon delivery by the Receiver to the Purchaser of a certificate confirming payment of the purchase price, satisfaction or waiver of the closing conditions, and completion of the Transaction to the Receiver's satisfaction.Approval and Vesting Order
RecoveriesAs declared or paid

First Source Financial Management Inc.: a distribution.FinalAncillary Order · 23 Dec 2024

ClassCreditorClaimsRecoveryBasisSource
SecuredFirst Source Financial Management Inc.—interimconditionalFinalper the courtAncillary Order · 23 Dec 2024

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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Documents
22 filings
DateDocumentFile
Discharge Order
  • Counsel Aird & Berlis LLP
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Endorsement
  • Presiding officer Justice Cavanagh
PDF · Subscribers
VOLUME I of the Motion Record - Receiver - FLG - 07-AUG-2025PDF · Subscribers
VOLUME II of the Motion Record - Receiver - FLG - 07-AUG-2025PDF · Subscribers
Ancillary Order
  • Counsel Aird & Berlis LLP
  • Recovery outcome Entries: per actual · Table missing:
PDF · Subscribers
Approval and Vesting Order
  • Closing terms Vesting is effective upon delivery by the Receiver to the Purchaser of a certificate confirming payment of the purchase price, satisfaction or waiver of the closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Counsel Aird & Berlis LLP
  • Order date 19 December 2024
  • Purchaser 1001063821 Ontario Inc. · nominee/assignee Praabjeet Singh Chhabra for a company to be incorporated, and assigned to 1001063821 Ontario Inc. by assignment and assumption agreement dated December 17, 2024 · the Purchased Assets (as defined in the Sale Agreement), including the Real Property identified in Schedule "B" · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Volume I of the Motion Record - Receiver - FLG - 10-DEC-2024PDF · Subscribers
Volume II of the Motion Record - Receiver - FLG - 10-DEC-2024PDF · Subscribers
FIRST SOURCE FINANCIAL MANAGEMENT INC. v. CHACON STRAWBERRY FIELDS INC - CC Endorsement- CV24-717742-CL-Nov 20 2024
  • Presiding officer Justice Steele
PDF · Subscribers
FIRST SOURCE FINANCIAL MANAGEMENT INC. v. CHACON STRAWBERRY FIELDS INC.-Endorsement-CV-24-717742-CL-Nov 20 2024
  • Presiding officer Justice Steele
PDF · Subscribers
CV-24-00717742-00CL First Source v Chacon Strawberry Order Nov 15 24
  • Counsel Aird & Berlis LLP
  • Presiding officer Justice Osborne
PDF · Subscribers
Order-receiver-Fuller Landau- Nov 15 24PDF · Subscribers
Supplemental Motion Record - Receiver - 14-NOV-2024
  • Counsel Aird & Berlis LLP
PDF · Subscribers
CV-24-00717742-00CL First Source v Chacon Strawberry Endorsement Nov 15 24
  • Presiding officer Justice Osborne
PDF · Subscribers
Volume I of II - Motion Record - Receiver - FLG - 11-NOV-2024(62370463.1)PDF · Subscribers
Volume II of II - Motion Record - Receiver - FLG - 11-NOV-2024(62363914.1)
  • Counsel Aird & Berlis LLP
PDF · Subscribers
Notice of ReceivershipPDF · Subscribers
Appointment Order
  • Applicant FIRST SOURCE FINANCIAL MANAGEMENT INC.
  • Appointee The Fuller Landau Group Inc.
  • Appointee role receiver and manager
  • Commencement date 19 July 2024
  • + 5 more extracted facts
PDF · Subscribers
Supplemental Factum-Applicant-First Source 11-JUL-2024PDF · Subscribers
Motion Record-Applicant-First Source 09-JUL-2024PDF · Subscribers
Supplemental Application Record of the Applicant - First Source - 18-JUNE-2024
  • Applicant FIRST SOURCE FINANCIAL MANAGEMENT INC.
  • Commencement date 19 June 2024
  • Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Court file no CV-24-00717742-00CL
  • + 4 more extracted facts
PDF · Subscribers
Factum-Applicant-First Source 10-MAY-2024PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Chacon Strawberry Fields Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 16 October 2026, https://proceedings.ca/case/chacon-strawberry-fields-inc

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Sources last checked · summary updated 30 September 2026 · Report a correction · Printed from proceedings.ca/case/chacon-strawberry-fields-inc

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.