#Order
Endorsement of Justice Cudjoe was filed. Court file CV-26-00004349-0000.
Source: Endorsement of Justice Cudjoe
Galaxy North Limited, 2224346 Ontario Inc. and 2716780 Ontario Inc.
ActiveFollow
- Proceeding
- Receivership (court-appointed)section 243(1) of the BIA and section 101 of the CJA
- File
- CV-26-00004349-0000
Filings held2
Last activity9 Oct 2026
On the record35 days
OverviewSummary updated
Galaxy North Limited, 2224346 Ontario Inc. and 2716780 Ontario Inc. have been placed under court-appointed receivership in the Ontario Superior Court of Justice, where MNP Ltd was appointed receiver of the three companies on October 9, 2026. The appointment was obtained by the Business Development Bank of Canada under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, and is carried under court file number CV-26-00004349-0000. The receivership remains active.
Proceedings AIOpen Proceedings AI
Case updates2 dated entries
#Order
Order made Friday, October 9, 2026 on the Business Development Bank of Canada's application appointed MNP Ltd receiver of the three debtor companies, commencing the proceeding.
Source: Order Appointing Receiver
AnalysisAll insights
Filing brief
Galaxy North: a receiver, despite a sale hoped for in three weeks
Justice Cudjoe appointed MNP Ltd. receiver on BDC's application on October 9, at what the endorsement calls the fourth appearance. The respondents pointed to a sale set to close October 27; BDC called it the third APS, its $400,000 deposit "100% refundable", and the judge found "no disincentive" to seeking an extension or withdrawing.
Parties
Debtor
Galaxy North Limited, 2224346 Ontario Inc. and 2716780 Ontario Inc.
Receiver
MNP
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Cudjoe | Ontario Superior Court of Justice | 2 orders, Oct 2026 | 6 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorBusiness Development Bank of Canada | Aird & Berlis LLP | 9 Oct 2026 | Order · 9 Oct 2026 |
Documents2 filings
| Date | Document | File |
|---|---|---|
Endorsement of Justice Cudjoe
| PDF · Subscribers | |
Order 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., “Galaxy North Limited, 2224346 Ontario Inc. and 2716780 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 12 November 2026, https://proceedings.ca/case/galaxy-north