#Order
Interim order granted on BDC's application, which followed its May 14, 2026 demand and BIA s. 244 notice after breach of the February 2026 standstill agreement.
Source: Endorsement-28-SEP-2026
Fortune Properties Private Limited
FollowActive
- Proceeding
- Receivership (court-appointed)SUBSECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, R.S.C. 1985, c. B-3, AS AMENDED AND SECTION 101 OF THE COURTS OF JUSTICE ACT, R.S.O. 1990, c. C.43, AS AMENDED
- File
- CL-26-00000345-0000
- Industry
- Real estate
OverviewSummary updated
Fortune Properties Private Limited has been in court-appointed receivership in Ontario since September 28, 2026, when the Ontario Superior Court of Justice (Commercial List) granted an interim order on the application of the Business Development Bank of Canada. The Fuller Landau Group Inc. is receiver. The application was brought under subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, and is carried under court file CL-26-00000345-0000. The proceeding is active.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
#Order
Justice S. Dunphy appointed The Fuller Landau Group Inc. receiver on the Business Development Bank of Canada's application under s. 243(1) of the BIA and s. 101 of the CJA.
Source: Appointment-Order-28-SEP-2026
#Filing
Application-Record-Applicant-Business-Development-Bank-of-Canada-13-AUG-2026 — Application / notice of application
Parties
Debtor
Fortune Properties Private Limited
Receiver
Fuller Landau
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Dunphy | Ontario Superior Court of Justice | 2 orders, Sep 2026 | 84 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorBusiness Development Bank of Canada | Aird & Berlis LLP | 28 Sep 2026 | Order · 28 Sep 2026 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Business Development Bank of Canada (BDC) · in 251 casesCharge/mortgage on 1200 Skae Drive, Oshawa (registered principal amount $6,270,000, instrument DR2311060 — a registration ceiling, not the balance); general assignment of rents (DR2311061); general security agreement dated April 14, 2024 (the Notice of Application dates the GSAs from each Credit Party generally, with PPSA registrations). Also guaranteed by corporate guarantors SR India Marketing Inc. and E2W Cash N Carry Inc. (secured by their GSAs) and by personal guarantors (two principals) under a limited personal guarantee. — Amount is BDC's May 14, 2026 demand figure as of May 11, 2026: p · as of 11 May 2026 | $6.07M | Application-Record-Applicant-Business-Development-Bank-of-Canada-13-AUG-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.
Documents3 filings
| Date | Document | File |
|---|---|---|
Appointment-Order-28-SEP-2026
| PDF · Subscribers | |
Endorsement-28-SEP-2026
| PDF · Subscribers | |
Application-Record-Applicant-Business-Development-Bank-of-Canada-13-AUG-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., “Fortune Properties Private Limited” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 16 October 2026, https://proceedings.ca/case/fortune-properties-private-limited