Green World Construction Inc.
- 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
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CV-25-00740691-00CL
- Industry
- Real estate · Residential development
Green World Construction Inc. has been in court-appointed receivership since May 20, 2025, when the Ontario Superior Court of Justice (Commercial List) appointed KSV Restructuring Inc. as receiver and manager on the application of 2106580 Ontario Inc. and Osmington (Wood Street) Inc., under subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. A sale process approved September 12, 2025 produced a teaser to 179 potential purchasers and six signed NDAs, but no letters of intent by the October 13 deadline, leaving the stalking horse agreement with Aggregated Investments Inc. at a purchase price of $34,220,000 as the successful bid. The Court approved that transaction on October 21, 2025. In its Third Report dated November 26, 2025, the Receiver reported on closing and on its calculation of the distribution to Osmington. Court file CV-25-00740691-00CL.
Third Report covered closing the transaction, review of Osmington's payout statement and the statement of adjustments, calculation of the distribution to Osmington, property maintenance and security arrangements, and approximately $1,250,000 of cash on hand. Reported fees: Receiver $44,443.75 for October, Paliare Roland $8,561, Osler $34,701.00.
Source: Third Report of the Receiver dated November 26, 2025
Approved the transaction with Aggregated Investments Inc., with the purchased assets to vest on delivery of the Receiver's Certificate confirming payment and completion.
Second Report reported the sale process launched September 16, 2025, a teaser to 179 parties, six NDAs and no letters of intent, and recommended approval of the $34,220,000 stalking horse bid and a distribution order. Receiver's fees of $163,635.75 to September 30 and Paliare Roland's fees of $32,892.50 to October 9 were reported.
Source: Second Report of the Receiver dated October 16, 2025
Motion Record of the Receiver re Sale Approval dated October 16, 2025 — Application / notice of application
Approved the Receiver's sale process for the Property, with the stalking horse agreement of purchase and sale with Aggregated Investments Inc. as the baseline bid.
Source: Green World Sale Process
Authorized a break fee of $855,500 payable to the stalking horse bidder under the approved sale process.
Fixed the sale process timetable, with a Phase 1 letter of intent deadline of October 13, 2025 and a bid deadline of October 28, 2025.
Source: Sale Process and Stalking Horse Order dated September 12, 2025
First Report set out initial administration: securing and monitoring the Property, opening the estate account, filing quarterly HST returns, notifying creditors, establishing the case website, and rezoning and due diligence correspondence.
Source: First Report of the Receiver dated September 5, 2025
Appointed KSV Restructuring Inc. receiver and manager on the applicants' motion, granted a stay, and created a first-ranking Receiver's Charge plus a $1,000,000 Receiver's Borrowings Charge.
Undated filings1 — no date appears on the document · show
Debtor
Green World Construction Inc.
Applicant
2106580 Ontario Inc.,Osmington (Wood Street) Inc.
Receiver
KSV
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Cavanagh | Ontario Superior Court of Justice | 4 orders, Apr 2025 – Oct 2025 | 318 cases on record |
| Justice Steele | Ontario Superior Court of Justice | 3 orders, Sep 2025 | 245 cases on record |
| Justice Conway | Ontario Superior Court of Justice | 2 orders, Dec 2025 | 310 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverKSV | Paliare Roland Rosenberg Rothstein LLP | 8 Sep 2025 | Factum · 8 Sep 2025 |
| Applicant2106580 Ontario Inc.,Osmington (Wood Street) Inc. | Osler, Hoskin & Harcourt LLP | 10 Apr 2025 | Affidavit · 10 Apr 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| Court-ordered charges | ||||
| 1 | Court-ordered charges | Receiver's Borrowings Charge — in priority to all security interests, trusts (including, without limitation, deemed trusts), liens, charges and encumbrances, statutory or otherwise, in favour of any Person but subordinate in priority to the Receiver's | $1M | Receivership Order dated May 20, 2025 |
| 1 | Court-ordered charges | |||
| Pre-filing debt | ||||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
18 more claims in 3 classes The stack holds Court-ordered charges, Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale approvedApproval and Vesting Order dated October 21, 2025 · 21 Oct 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Aggregated Investments Inc. | not stated | Approved21 Oct 2025 | Approval and Vesting Order dated October 21,… |
other stakeholders: no distribution.EstimatedMotion Record of the Receiver · 26 Nov 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| class not placed | other stakeholders | — | no distribution | Estimatedper the receiver | Motion Record of the Receiver · 26 Nov 2025 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
7 engagements · 3 firms — latest: Osler, Hoskin & Harcourt LLP, 14 Oct – 5 Nov 2025, in feesMotion Record of the Receiver · 26 Nov 2025
| Firm | Period | Hours | Fees | Rates | Source | ||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KSV Restructuring Inc.Receiverperiod 1 of 2 | to 30 Jun 2025 | — | — | Second Report of the Receiver · 16 Oct 2025 | |||||||||||||||||||||||||||||||
| KSV Restructuring Inc.Receiverperiod 1 of 2 | October, 2025 | 3 people | Motion Record of the Receiver · 26 Nov 2025 | ||||||||||||||||||||||||||||||||
3 people — KSV Restructuring Inc., October, 2025 · 12 blurred figures
| |||||||||||||||||||||||||||||||||||
| Osler, Hoskin & Harcourt LLPCounsel to the receiverperiod 3 of 3 | 14 Oct – 5 Nov 2025 | 4 people | Motion Record of the Receiver · 26 Nov 2025 | ||||||||||||||||||||||||||||||||
4 people — Osler, Hoskin & Harcourt LLP, 14 Oct – 5 Nov 2025 · 8 blurred figures
| |||||||||||||||||||||||||||||||||||
| Osler, Hoskin & Harcourt LLPCounsel to the receiverperiod 2 of 3 | — | 5 people | Motion Record of the Receiver · 26 Nov 2025 | ||||||||||||||||||||||||||||||||
5 people — Osler, Hoskin & Harcourt LLP · 15 blurred figures
| |||||||||||||||||||||||||||||||||||
| Osler, Hoskin & Harcourt LLPCounsel to the receiverperiod 2 of 3 | — | 3 people | Motion Record of the Receiver · 26 Nov 2025 | ||||||||||||||||||||||||||||||||
3 people — Osler, Hoskin & Harcourt LLP · 9 blurred figures
| |||||||||||||||||||||||||||||||||||
| Paliare Roland Rosenberg Rothstein LLPCounsel to the receiverperiod 2 of 2 | to 9 Oct 2025 | — | — | Second Report of the Receiver · 16 Oct 2025 | |||||||||||||||||||||||||||||||
| Paliare Roland Rosenberg Rothstein LLPCounsel to the receiverperiod 1 of 2 | to 30 Jun 2025 | — | — | Motion Record of the Receiver re Sale Approval · 16 Oct 2025 | |||||||||||||||||||||||||||||||
59 blurred figures above
What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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See all plansAs at ·
Cash on hand
$1.25M
As at 26 Nov 2025Third Report of the Receiver dated November 26, 2025
Professional fees
As at
1 more reported figure, and the total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Receiver's Discharge Certificate dated May 20, 2026 | PDF · Subscribers | |
Discharge Order dated December 2, 2025
| PDF · Subscribers | |
Endorsement of Justice Conway dated December 2, 2025
| PDF · Subscribers | |
Aide Memoire of the Receiver dated December 1, 2025
| PDF · Subscribers | |
Aide Memoire of the Receiver dated November 27, 2025
| PDF · Subscribers | |
Motion Record of the Receiver dated November 26, 2025
| PDF · Subscribers | |
Third Report of the Receiver dated November 26, 2025
| PDF · Subscribers | |
Approval and Vesting Order dated October 21, 2025
| PDF · Subscribers | |
Distribution Order dated October 21, 2025
| PDF · Subscribers | |
Endorsement of Justice Cavanagh dated October 21, 2025
| PDF · Subscribers | |
Motion Record of the Receiver re Sale Approval dated October 16, 2025
| PDF · Subscribers | |
Second Report of the Receiver dated October 16, 2025
| PDF · Subscribers | |
Sale Process Letter dated September 15, 2025
| PDF · Subscribers | |
Endorsement of Justice Steele dated September 12, 2025
| PDF · Subscribers | |
Green World Sale Process
| PDF · Subscribers | |
Sale Process and Stalking Horse Order dated September 12, 2025
| PDF · Subscribers | |
Factum of the Receiver dated September 8, 2025
| PDF · Subscribers | |
First Report of the Receiver dated September 5, 2025
| PDF · Subscribers | |
| Motion Record of the Receiver dated September 5, 2025 | PDF · Subscribers | |
Notice & Statement of the Receiver dated May 30, 2025
| PDF · Subscribers | |
Endorsement of Justice Cavanagh dated May 20, 2025
| PDF · Subscribers | |
| Non Disclosure Agreement | PDF · Subscribers | |
Receivership Order dated May 20, 2025
| PDF · Subscribers | |
Supplemental Affidavit of Jason Levin dated May 15, 2025
| PDF · Subscribers | |
Endorsement of Justice Cavanagh dated April 14, 2025
| PDF · Subscribers | |
Factum of the Applicants dated April 10, 2025
| PDF · Subscribers | |
Supplemental Affidavit of Jason Levin dated April 10, 2025
| PDF · Subscribers | |
Application Record dated April 7, 2025
| PDF · Subscribers | |
| Teaser | 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., “Green World Construction Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 4 November 2026, https://proceedings.ca/case/green-world-construction-inc