Graziella Fine Jewellery Inc., 2585611 Ontario Ltd., 2585617 Ontario Ltd., 2585615 Ontario Ltd., Deeb Basmaji and Jacques Basmaji
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-25-00003321-0000
- Industry
- Retail · Apparel, footwear & jewellery retail
Graziella Fine Jewellery Inc. is in court-appointed receivership in Ontario. On September 11, 2026 the Superior Court of Justice appointed Grant Thornton Limited as receiver and manager on the application of Royal Bank of Canada, under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The proceeding is carried under court file number CV-25-00003321-0000 and remains active.
Appointed Grant Thornton Limited receiver and manager on Royal Bank of Canada's application, under s. 243(1) of the BIA and s. 101 of the Courts of Justice Act.
Interim order granted by Justice McCarthy and released the same day in court file CV-25-00003321-0000, marking the commencement of the proceeding.
Source: Endorsement of Justice McCarthy dated September 11, 2026.pdf
Filing brief
Graziella Fine Jewellery: a year after demand, a receiver
Royal Bank of Canada had its receiver appointed over an Ontario jeweller on September 11, a year after demanding a line of credit owed at more than $527,857 — over the jeweller's objection that no discoveries had been held, and on reasons that turned on the financial statements the bank asked for and never got.
Debtor
Graziella Fine Jewellery Inc., 2585611 Ontario Ltd., 2585617 Ontario Ltd., 2585615 Ontario Ltd., Deeb Basmaji and Jacques Basmaji
Receiver
Doane Grant Thornton
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 584 casesGeneral security agreement dated July 27, 2016 (PPSA registration July 20, 2016), first-ranking security interest in all personal property; guarantees and postponements of claim of 2585611 Ontario Ltd., 2585615 Ontario Ltd., 2585617 Ontario Ltd. and the personal guarantors (each limited to $720,000 plus interest from demand — a guarantee limit, not a balance); postponement and assignment of claim of Deeb Basmaji and of Jacques Basmaji. Credit facilities: revolving demand line $350,000 (limit), term loan $74,295.86, term loan $128,222.40, business credit cards to max $150,000 (limits/original a · as of 13 May 2026 | $528K | Motion Record of the Plaintiff.pdf |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 5 | PMSI / lessors | |||
| 8 | Unsecured |
8 more claims in 3 classes The stack holds Secured, PMSI / lessors and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis 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 as of October 28, 2026.docx | PDF · Subscribers | |
| Service List as at September 25, 2026.docx | PDF · Subscribers | |
Endorsement of Justice McCarthy dated September 11, 2026.pdf
| PDF · Subscribers | |
Receivership Order dated September 11, 2026.pdf
| PDF · Subscribers | |
Factum dated August 28, 2026.pdf
| PDF · Subscribers | |
Motion Record of the Plaintiff.pdf
| 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., “Graziella Fine Jewellery Inc., 2585611 Ontario Ltd., 2585617 Ontario Ltd., 2585615 Ontario Ltd., Deeb Basmaji and Jacques Basmaji” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/graziella-fine-jewellery-inc-2585611-ontario-ltd-2585617-ontario-ltd-2585615-ont