Fudzi International Group Inc.
Follow- Proceeding
- Receivership (court-appointed)section 101 of the Courts of Justice Act and section 243(1) of the Bankruptcy and Insolvency Act
- File
- CV-24-00728856-00CL
Fudzi International Group Inc. is the subject of a receivership application issued on October 15, 2024 in the Ontario Superior Court of Justice under subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The applicants are the lenders behind two loans to the company, both personally guaranteed by Pawel Fugiel. The first, advanced at a principal of $8,814,000.00 against a first charge on two parcels, matured on March 1, 2023 and stood at $10,087,356.25 as at September 30, 2024, accruing interest at 9.25% per annum. The second, at a principal of $3,175,000.00 against second charges, matured on April 1, 2023 and stood at $3,776,062.56, accruing at 12.50%. Demand letters and notices of intention to enforce security went out on April 28, 2023.
4 earlier updates, back to 4 November 2024 — subscribers.
Debtor
Fudzi International Group Inc.
Receiver
Crowe Soberman
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Loan 1 Lenders (Peter Adamo, Crocetta Adamo, G.A.P Farms Inc., Taxmart Inc., Filbitron Marketing Corp 2018 Ltd., Fonte Santa Inc., Cinzia Camarda, Antonini Family Holdings Inc., M Antonini Holdings InFirst ranking Charge Instrument No. SN715089 (principal $8,814,000.00) against Parcel 1 and Parcel 2; General Security Agreement/PPSA Registration No. 20220301 1637 1590 0565 (FIG) and No. 20220301 1644 1590 0570 (Fugiel); General Assignment of Rents Instrument No. SN715090 — Loan 1 principal was $8,814,000.00 (original advance); outstanding balance as of Sept 30, 2024 is $10,087,356.25 with interest accruing at 9.25% per annum plus legal fees/disbursements. Loan matured March 1, 2023; demand letter and NOI issued April 28, 2023 (Loan 1 Demand), ten-day period expired. Also guaranteed personal · as of 30 Sep 2024 | $10.1M | Application Record |
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 |
|---|---|---|
| Approval and Vesting Order | PDF · Subscribers | |
Counsel Slip/Endorsement of Justice J. Dietrich
| PDF · Subscribers | |
Counsel Slip / Endorsement of Justice Myers
| PDF · Subscribers | |
Non-Confidential Motion Record of the Court Appointed Receiver, Crowe Soberman Inc.
| PDF · Subscribers | |
Application Record
| PDF · Subscribers | |
Counsel Slip/Endorsement
| PDF · Subscribers | |
Issued & Entered Order of Justice Steele (Appointing Receiver)
| 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., “Fudzi International Group Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/fudzi-international-group-inc