2668438 Ontario Inc. cob as Frontec Metal Fab

2668438 Ontario Inc., carrying on business as Frontec Metal Fab, has been under court-appointed receivership since July 21, 2023, when the Ontario Superior Court of Justice appointed MNP Ltd. as receiver and manager of the company under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The application was brought by The Toronto-Dominion Bank, the company's primary lender, which had provided an operating line facility and equipment leases and was owed approximately $1.78 million plus costs of enforcement, including legal and professional costs, as of May 19, 2023. The bank's position rests on a General Security Agreement dated October 29, 2020 and on title reservations and security under a Master Equipment Lease dated April 6, 2021. The proceeding is active under court file CV-23-00701809-00CL.