Flato Greens Inc. et al.
Follow- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CL-26-00000262-0000
Flato Greens Inc. and related entities have been in a court-appointed receivership under section 243 of the BIA since June 23, 2026. The security picture centres on Dorr Capital Corporation, whose charges and general security agreements run across the group and are cross-defaulted with one another: Patterson Street Holdings Inc. (registered principal $320,000.00, 2017), Flato North Village Dundalk Inc. and Braemore Dundalk Two Inc. ($4,930,000.00, 2022), Dundalk Mixed Use Expansion One Inc., and, with Olympia Trust Company, Melancthon Meadows Inc. and 2760562 Ontario Inc. ($2,250,000.00 each, 2023). Flato Management Inc. and Shakir Rehmatullah guaranteed those facilities. Over the EcoPark Lands, a BXR1 Holdings Inc. charge was transferred and discharged on July 30 and 31, 2025, with Toronto Capital Corp. (in trust) registering on July 31, 2025. Realtrium Developments Corp. holds a blanket PPSA registration against Flato Greens from May 21, 2026.
Notice and Statement of the Receiver dated July 2, 2026 — Notice of receiver (s. 245 / Form 87)
The court appointed TDB Restructuring Limited as receiver and manager, on the application of Dorr Capital Corporation and Olympia Trust Company. Court file CL-26-00000262-0000.
8 earlier updates, back to 23 June 2026 — subscribers.
Filing brief
Flato: they agreed to consent, and then opposed
Seven companies holding land in and around Dundalk, Ontario owed more than $29 million to a single lender, were in default on every loan, and had signed a forbearance agreement promising to consent to a receiver if they defaulted under it. They defaulted, and then opposed the receivership — asking for until September 30 to keep fundraising. Justice Dietrich appointed on June 23.
Debtor
Flato Greens Inc. et al.
Applicant
Dorr Capital Corporation,Olympia Trust Company
Receiver
TDB Restructuring
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Dietrich | Ontario Superior Court of Justice | 2 orders, Jun 2026 | 89 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverTDB Restructuring | Rothstein LLP | 20 Jul 2026 | Service list · 20 Jul 2026 |
| ApplicantDorr Capital Corporation,Olympia Trust Company | Blaney McMurtry LLP | 22 Jun 2026 | Factum · 22 Jun 2026 |
| DebtorFlato Greens Inc. et al. | Garfinkle, Biderman LLP · Ross Nasseri LLP | 22 Jun 2026 | Service list · 20 Jul 2026 |
| CreditorAgriroots Diversified Lending Fund LP and Farm Lending Canada Inc | Scott Petrie LLP | 20 Jul 2026 | Service list · 20 Jul 2026 |
| CreditorFieldgate Commercial Developments Limited | Brattys LLP | 20 Jul 2026 | Service list · 20 Jul 2026 |
| CreditorRealtrium Developments Corp | Lipetz Law | 20 Jul 2026 | Service list · 20 Jul 2026 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Dorr Capital Corporation (DCC) · in 3 casesCharge/Mortgage in principal amount of $15,000,000 registered in first position against the Expansion Lands as Instrument No. GY234780 (LRO #16) on October 13, 2022; General Assignment of Rents; General Security Agreement dated October 13, 2022, registered under PPSA. Total loan principal advanced was $13,500,000 (First Tranche $12,000,000 + Second Tranche $1,500,000). — Amount includes accrued interest of $491,406.47, plus per diem of $4,671.62/day accruing from March 18, 2026. Unlimited guarantee by Shakir Rehmatullah (personal) and FMI (related party) dated October 13, 2022. — debtor: Dunda · as of 17 Mar 2026 | $14.3M | Motion Record of the Plaintiffs - Volume 1 of 3 dated June 8, 2026 |
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.
| Date | Document | File |
|---|---|---|
Service List dated July 20, 2026
| PDF · Subscribers | |
| Notice and Statement of the Receiver dated July 2, 2026 | PDF · Subscribers | |
Appointment Order dated June 23, 2026
| PDF · Subscribers | |
Endorsement of the Honourable Justice J. Dietrich dated June 23, 2026
| PDF · Subscribers | |
Factum of the Defendants dated June 22, 2026
| PDF · Subscribers | |
| Second Supplementary Motion Record of the Plaintiffs – Volume 1 of 2 dated June 22, 2026 | PDF · Subscribers | |
Supplementary Factum of the Plaintiffs dated June 22, 2026
| PDF · Subscribers | |
Motion Record of the Plaintiffs - Volume 1 of 3 dated June 8, 2026
| PDF · Subscribers | |
Motion Record of the Plaintiffs - Volume 2 of 3 dated June 8, 2026
| PDF · Subscribers | |
Motion Record of the Plaintiffs - Volume 3 of 3 dated June 8, 2026
| 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., “Flato Greens Inc. et al.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/flato-greens-inc-et-al