Elite Real Estate Club of Toronto and 2613702 Ontario Inc. (ats Serrichi et al.)
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-24-00730306-00CL
- Industry
- Real estate
Elite Real Estate Club of Toronto Inc. and 2613702 Ontario Inc. were placed in receivership on December 18, 2024, when the Ontario Superior Court of Justice appointed Crowe Soberman Inc. receiver under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The application was brought by a group of lenders including Domenic Sericchi, Peter Adamo and Anrose Investments Inc., whose loan of $8,242,000, advanced on September 25, 2019, is secured against 3040, 3048 and 3030 Trafalgar Road in Oakville. The debtors stopped making monthly interest payments in September 2024, and the balance stood at $8,661,550.26 as at October 9, 2024, before legal fees and disbursements. The proceeding is active under court file CV-24-00730306-00CL.
The court granted an approval and vesting order for the sale to Perfetto Investments Inc. Closing terms, as extracted: Vesting is effective upon delivery of the Receiver's certificate to the Purchaser, confirming payment of the purchase price, satisfaction or waiver of closing conditions, and completion of the transaction to the Receiver's satisfaction.
Source: Approval & Vesting Order
The officer filed report no. Second Report of the Receiver. The Receiver is preparing to sell three Oakville properties via a court-approved sales process, while still pursuing outstanding books and records from the debtors and correcting an erroneous land title transfer of PIN 24929-7262 to Halton.
Source: Second Report of the Receiver
The Ontario Superior Court of Justice appointed Crowe Soberman Inc. receiver on Wednesday, December 18, 2024, on the lenders' application under section 243(1) and section 101.
Source: Order Appointing Receiver
Receivership Application was filed. Court file CV-24-00730306-00CL.
Source: Receivership Application
Debtor
Elite Real Estate Club of Toronto and 2613702 Ontario Inc. (ats Serrichi et al.)
Receiver
Crowe Soberman
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Cavanagh | Ontario Superior Court of Justice | 5 orders, Dec 2024 – Mar 2025 | 318 cases on record |
| Justice Myers | Ontario Superior Court of Justice | 4 orders, Oct 2025 – Nov 2025 | 117 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverCrowe Soberman | Rar Litigation | 4 Nov 2025 | Order · 4 Nov 2025 |
| Applicant | Miller Thomson LLP · Rar Litigation | 18 Dec 2024 | Order · 10 Mar 2025 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Domenic Sericchi, Peter Adamo, Crocetta Adamo, Antonina Borelli, Patricia Adamo Odom, Nick Capone, Sandra Tiberio, Tullio Capone, Anrose Investments Inc., Lmf Synergy Inc., Gabrielle Fischer, Fawzi KhLoan secured against the Real Property (3040, 3048, and 3030 Trafalgar Road, Oakville) — Original loan advanced September 25, 2019 in the amount of $8,242,000; balance stated is before legal fees and disbursements. Debtor stopped making monthly interest payments in September 2024. — debtor: Elite Real Estate Club of Toronto Inc. and 2613702 Ontario Inc. · as of 9 Oct 2024 | $8.66M | First Report of the Receiver |
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 approved — The Court approved the Transaction and authorized the Receiver's execution of the APS with Perfetto Investments Inc. for the Oakville real property, with vesting free and clear upon delivery of the Receiver's Certificate.Approval & Vesting Order · 4 Nov 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Perfetto Investments Inc.all of the Debtor's right, title and interest in the lands and premises at 3030, 3040, 3048 Trafalgar Road, Oakville, Ontario, and the property described in the APS · real property · agreement 15 Jul 2025 | Subscribers | Approved4 Nov 2025 | Approval & Vesting Order |
| Date | Document | File |
|---|---|---|
Distribution Order
| PDF · Subscribers | |
Endorsement of Justice Kimmel
| PDF · Subscribers | |
Factum of the Receiver
| PDF · Subscribers | |
Motion Record of the Receiver
| PDF · Subscribers | |
Ancillary Order
| PDF · Subscribers | |
Approval & Vesting Order
| PDF · Subscribers | |
Endorsement
| PDF · Subscribers | |
Endorsement of Justice Myers
| PDF · Subscribers | |
Signed Order
| PDF · Subscribers | |
Second Supplemental Report of the Receiver
| PDF · Subscribers | |
Counsel Endorsement Slip
| PDF · Subscribers | |
Order
| PDF · Subscribers | |
Second Report of the Receiver
| PDF · Subscribers | |
Counsel Slip for Commercial
| PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
Endorsement of Justice
| PDF · Subscribers | |
Order Appointing Receiver
| PDF · Subscribers | |
Receivership Application
| 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., “Elite Real Estate Club of Toronto and 2613702 Ontario Inc. (ats Serrichi et al.)” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/elite-real-estate-club-of-toronto-and-2613702-ontario-inc-ats-serrichi-et-al