Proceedings.

Green World Construction Inc.

Follow
Closed
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
Filings held29
Last activity20 May 2026
On the record489 days
Secured debt$31.4M
OverviewSummary updated

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.

Proceedings AIAsk this case — answers cite the filings
Ask in plain language. The answer comes only from this case’s filings, each one cited.
Enter to send · Shift+Enter for a new line
Case updates29 dated entries · 1 undated
#Report

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

#Report

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

#Order

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

#Report

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

#Order

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.

Source: Receivership Order dated May 20, 2025

Undated filings1 — no date appears on the document · show
—
Filing

Teaser — Application filed

PDF

Parties

Debtor

Green World Construction Inc.

Applicant

2106580 Ontario Inc.,Osmington (Wood Street) Inc.

Receiver

KSV

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice CavanaghOntario Superior Court of Justice4 orders, Apr 2025 – Oct 2025288 cases on record
Justice SteeleOntario Superior Court of Justice3 orders, Sep 2025220 cases on record
Justice ConwayOntario Superior Court of Justice2 orders, Dec 2025285 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverKSVRothstein LLP · Paliare Roland LLP8 Sep 2025Order · 21 Oct 2025
Applicant2106580 Ontario Inc.,Osmington (Wood Street) Inc.Osler, Hoskin & Harcourt LLP10 Apr 2025Affidavit · 10 Apr 2025
CreditorOrderRothstein LLP15 Sep 2025Sale Process Letter · 15 Sep 2025
Capital structureAs asserted in the filings
stated amounts, drawn to scale · 1 named without a figure
#Priority classCreditorAmountSource
Court-ordered charges
1Court-ordered chargesReceiver'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$1MReceivership Order dated May 20, 2025
1Court-ordered chargesReceiver's Charge — shall form a first charge on the Property in priority to all security interests, trusts (including, without limitation, deemed trusts), liens, charges and encumbrances, statutory or otherwise, in favour of any Person, bu—Receivership Order dated May 20, 2025
Pre-filing debt
4SecuredOsmington (Wood Street) Inc. and 2106580 Ontario Inc. (collectively, "Osmington")Charge on title to the Property (175-199 Essa Road and 50 Wood Street, Barrie) registered April 14, 2022 in the registered amount of $48.03 million (registration ceiling, not the outstanding balance) — Prose states owed 'approximately $31.39 million as of April 4, 2025'; exact figure of $31,390,662.00 appears in the Receiver's preliminary list of creditors as at May 20, 2025 (Appendix A). Interest and costs continue to accrue. — debtor: Green World Construction Inc. · as of 4 Apr 2025$31.4MNotice & Statement of the Receiver dated May 30, 2025
4SecuredMarshallZehr Group Inc. · in 19 casesCharge on title to the Property registered April 14, 2022 in the registered amount of $13.30 million (registration ceiling, not the outstanding balance) — Loan is subordinated and postponed in favour of Osmington's loan pursuant to a subordination agreement dated April 14, 2022 among Osmington, MarshallZehr, the Debtor and Digram Developments, as guarantor (guarantee - related party not itself a creditor here). Interest and costs continue to accrue. Exact balance of $12,712,188.21 taken from Appendix A preliminary list of creditors as at May 20, 2025. — debtor: Green World Construction Inc. · as of 20 May 2025$12.7MNotice & Statement of the Receiver dated May 30, 2025
8UnsecuredMohsin MasoodIndividual creditor, not a guarantor. — debtor: Green World Construction Inc. · as of 20 May 2025$26.8MNotice & Statement of the Receiver dated May 30, 2025
8UnsecuredTor Construction Limiteddebtor: Green World Construction Inc. · as of 20 May 2025$4.75MNotice & Statement of the Receiver dated May 30, 2025
8UnsecuredCity of Barrie · in 3 casesMunicipality; document does not designate this claim as preferred. — debtor: Green World Construction Inc. · as of 20 May 2025$787KNotice & Statement of the Receiver dated May 30, 2025
8UnsecuredSoil Engineers Ltd. · in 3 casesdebtor: Green World Construction Inc. · as of 20 May 2025$174KNotice & Statement of the Receiver dated May 30, 2025
8UnsecuredLoopstra Nixon · in 2 casesdebtor: Green World Construction Inc. · as of 20 May 2025$84.9KNotice & Statement of the Receiver dated May 30, 2025
8UnsecuredInnovative Planning Solutions · in 2 casesdebtor: Green World Construction Inc. · as of 20 May 2025$38.4KNotice & Statement of the Receiver dated May 30, 2025
8UnsecuredWellington Dupont Canada Inc.debtor: Green World Construction Inc. · as of 20 May 2025$21.5KNotice & Statement of the Receiver dated May 30, 2025
8UnsecuredCaliber Communicationsdebtor: Green World Construction Inc. · as of 20 May 2025$19.8KNotice & Statement of the Receiver dated May 30, 2025
8UnsecuredSGL Planning & Design Inc.debtor: Green World Construction Inc. · as of 20 May 2025$7.68KNotice & Statement of the Receiver dated May 30, 2025
8UnsecuredISM Architectsdebtor: Green World Construction Inc. · as of 20 May 2025$6.38KNotice & Statement of the Receiver dated May 30, 2025
8UnsecuredAzimuth Environmental Consulting Inc. · in 2 casesdebtor: Green World Construction Inc. · as of 20 May 2025$3.07KNotice & Statement of the Receiver dated May 30, 2025
8UnsecuredKuntz Forestry Consulting Inc. · in 2 casesdebtor: Green World Construction Inc. · as of 20 May 2025$2.44KNotice & Statement of the Receiver dated May 30, 2025
8UnsecuredBEZIERCG LIMITEDForeign creditor (Hong Kong). — debtor: Green World Construction Inc. · as of 20 May 2025$1.7KNotice & Statement of the Receiver dated May 30, 2025
8UnsecuredCounterpoint Engineeringdebtor: Green World Construction Inc. · as of 20 May 2025$1.13KNotice & Statement of the Receiver dated May 30, 2025
8UnsecuredBA Consulting Groupdebtor: Green World Construction Inc. · as of 20 May 2025$593Notice & Statement of the Receiver dated May 30, 2025

“not stated” means the record names the claim without a figure; “—” means not in the extracted record.

Sale processPer the transactions

Sale approvedApproval and Vesting Order dated October 21, 2025 · 21 Oct 2025

Bid deadline (round closed)

28 October 2025

Sale Process Letter dated September 15, 2025

Phase 1 deadline

13 October 2025

Sale Process Letter dated September 15, 2025

Break fee

$856K

Sale Process Letter dated September 15, 2025

PurchaserPriceStatusSource
Aggregated Investments Inc.not statedApproved21 Oct 2025Approval and Vesting Order dated October 21,…
Closing termsVesting of Purchased Assets in the Assignee occurs upon delivery of the Receiver's Certificate confirming payment of purchase price, satisfaction/waiver of closing conditions, and completion of the Transaction to the Receiver's satisfaction.Approval and Vesting Order dated October 21, 2025
RecoveriesAs stated in the filings

other stakeholders: no distribution.EstimatedMotion Record of the Receiver · 26 Nov 2025

ClassCreditorClaimsRecoveryBasisSource
class not placedother stakeholders—no distributionEstimatedper the receiverMotion 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.

Fees and ratesAs stated in the filings

6 engagements · 3 firms — latest: Osler, Hoskin & Harcourt LLP, 14 Oct – 5 Nov 2025, $34,701.00 in feesMotion Record of the Receiver · 26 Nov 2025

FirmPeriodHoursFeesRatesSource
KSV Restructuring Inc.Receiverperiod 1 of 2to 30 Jun 2025——$661.15stated averageSecond Report of the Receiver · 16 Oct 2025
KSV Restructuring Inc.Receiverperiod 1 of 2October, 202566.9$44,443.75$600 – $8503 peopleMotion Record of the Receiver · 26 Nov 2025
3 people — KSV Restructuring Inc., October, 2025
NameTitleHoursRateFees
Noah GoldsteinOverall responsibilityManaging Director22.6$850$19,210.00
Jordan WongAll aspects of mandateDirector13.25$625$8,281.25
Dean PerlmanAll aspects of mandateSenior Manager26.5$600$15,900.00
Other staff and administrative—4.55$175 – $240$1,052.50
Osler, Hoskin & Harcourt LLPCounsel to the receiverperiod 2 of 214 Oct – 5 Nov 202537.9$34,701.00ex. tax$420 – $1,2004 peopleMotion Record of the Receiver · 26 Nov 2025
4 people — Osler, Hoskin & Harcourt LLP, 14 Oct – 5 Nov 2025
NameYear of callHoursRateFees
David Rosenblat20133.5$1,200—
Matthew Ritchie20144.7$970—
Carolin Jumaa201829.6$875—
Francine Wagorn—0.1$420—
Osler, Hoskin & Harcourt LLPCounsel to the receiverperiod 1 of 2—34.8$33,963.00$420 – $1,6505 peopleMotion Record of the Receiver · 26 Nov 2025
5 people — Osler, Hoskin & Harcourt LLP, —
NameTitleHoursRateFees
Marc WassermanPartner0.9$1,650$1,485.00
David RosenblatPartner7.4$1,200$8,880.00
Matthew RitchiePartner4.8$970$4,656.00
Carolin JumaaAssociate21.6$875$18,900.00
Francine WagornParaprofessional0.1$420$42.00
Paliare Roland Rosenberg Rothstein LLPCounsel to the receiverperiod 2 of 2to 9 Oct 2025——$828.50stated averageSecond Report of the Receiver · 16 Oct 2025
Paliare Roland Rosenberg Rothstein LLPCounsel to the receiverperiod 1 of 2to 30 Jun 2025——$828.50stated averageMotion Record of the Receiver re Sale Approval · 16 Oct 2025

Top rate $1,200 · 71st percentile of counsel rates, 2025 · of 80

Estate financialsReported figures — never derived
Total liabilities at filing$76.8M

As at 20 May 2025 · per Preliminary list of creditors (unaudited), based on books and records of Green World Construction Inc.; balances preliminary, subject to change and may differ from creditors' records · Green World Construction Inc. (the Debtor) — Total is the sum of Total Secured Creditors ($44,102,850.21) and Total Unsecured Creditors ($32,662,044.88) as stated in Appendix A. The Receiver states: 'The Receiver was not provided a copy of the financial statements from the Debtor and accordingly the book value of the assets is not available' (page 1), so total_assets is not stated.

Cash on hand

$1.25M

As at 26 Nov 2025Third Report of the Receiver dated November 26, 2025

Professional fees to date

KSV Restructuring Inc. (Receiver): $163,635.75; Paliare Roland Rosenberg Rothstein LLP: $32,892.50

As at 16 Oct 2025Second Report of the Receiver dated October 16, 2025

Documents
29 filings
DateDocumentFile
Receiver's Discharge Certificate dated May 20, 2026PDF
Discharge Order dated December 2, 2025
  • Counsel Paliare Roland Rosenberg Rothstein LLP
  • Court Ontario Superior Court of Justice, Commercial List
  • Estate no CV-25-00740691-00CL
  • Presiding officer Justice B. Conway
  • + 1 more extracted fact
PDF
Endorsement of Justice Conway dated December 2, 2025
  • Presiding officer Justice Conway
PDF
Aide Memoire of the Receiver dated December 1, 2025
  • Counsel Paliare Roland Rosenberg Rothstein LLP
PDF
Aide Memoire of the Receiver dated November 27, 2025
  • Counsel Paliare Roland Rosenberg Rothstein LLP
PDF
Motion Record of the Receiver dated November 26, 2025
  • Fee schedule Engagements: Form: time_summary · Rows: Noah Goldstein; Jordan Wong; Dean Perlman; Fees: 1052.5 · Hours: 4.55 · Quote: Other staff and administrative | | | 4.55 | 175 - 240 | 1,052.50 · Rate max: 240 · Rate min: 175 · Row kind: bucket · Rate kind: range · Name as stated: Other staff and administrative · Money: Fees: $44.4K · Quote: Total Fees | | | | 44,443.75 · Total: $44.7K · Quote: Total fees and disbursements as per attached summary | $ 44,708.28 · includes disbursements · Approximate: false · Disbursements: $265 · Quote: Add: Out-of-pocket expenses (Canada Post) | | | | 264.53 · Period: Kind: invoice · Label: October, 2025 · Quote: For October, 2025 · Approval: State: unstated · Averages: — · Currency: · Invoices: · Firm text: KSV Restructuring Inc. · Firm quote: KSV Restructuring Inc. · Hours total: Quote: Total hours | | | | 66.90 · Value: 66.9 · Context quote: Third Report to Court of KSV Restructuring Inc. as Receiver of the Real Property located at 175-199 Essa Road, Barrie and 50 Wood Street, Barrie; Form: time_summary · Rows: Matthew Ritchie; David Rosenblat; Carolin Jumaa; Francine Wagorn · Money: Tax: $4.52K · Label: Taxes · Quote: TOTALS | - | $34,701.00 | $40.90 | $4,516.45 | $39,258.35 · Fees: $34.7K · Quote: TOTALS | - | $34,701.00 | $40.90 | $4,516.45 | $39,258.35 · Total: $39.3K · Quote: TOTALS | - | $34,701.00 | $40.90 | $4,516.45 | $39,258.35 · includes tax · includes disbursements · Approximate: false · Disbursements: $41 · Quote: TOTALS | - | $34,701.00 | $40.90 | $4,516.45 | $39,258.35 · Period: End: 2025-11-05 · Kind: cumulative · Label: PERIOD OF OCTOBER 14, 2025 TO NOVEMBER 5, 2025 · Quote: PERIOD OF OCTOBER 14, 2025 TO NOVEMBER 5, 2025 · Start: 2025-10-14 · Approval: State: unstated · Averages: excluding expenses / disbursements and HST · Currency: · Invoices: Tax: 3165.36 · Date: 2025-11-04 · Fees: 24308 · Quote: 13096355 2 | November 4, 2025 | $24,308.00 | $40.90 | $3,165.36 | $27,514.26 · Total: 27514.26 · Disbursements: 40.9; Tax: 1351.09 · Date: 2025-11-26 · Fees: 10393 · Quote: 13101757 | November 26, 2025 | $10,393.00 | $0 | $1,351.09 | $11,744.09 · Total: 11744.09 · Disbursements: 0 · Firm text: Osler, Hoskin & Harcourt LLP · Firm quote: SUMMARY OF FEES AND DISBURSEMENTS OF OSLER, HOSKIN & HARCOURT LLP (AS COUNSEL TO THE RECEIVER) BY TIMEKEEPER · Hours total: Quote: | | | Total: | 37.9 | · Value: 37.9 · Context quote: SUMMARY OF FEES AND DISBURSEMENTS OF OSLER, HOSKIN & HARCOURT LLP (AS COUNSEL TO THE RECEIVER) BY TIMEKEEPER; Form: invoice_listing · Rows: Matthew Ritchie; David Rosenblat; Marc Wasserman; Carolin Jumaa; Francine Wagorn · Money: Fees: $34K · Quote: TOTAL FEES (CAD): | 34.80 | | 33,963.00 · Approximate: false · Period: Kind: invoice · Quote: 13096355 | Nov-04-25 | 33,963.00 | 40.90 | 4,420.51 | 38,424.41 · Approval: State: unstated · Averages: · Currency: Code: CAD · Quote: CAD INVOICES · Invoices: · Firm text: Osler, Hoskin & Harcourt LLP · Firm quote: OSLER, HOSKIN & HARCOURT LLP · Hours total: Quote: TOTAL FEES (CAD): | 34.80 | | 33,963.00 · Value: 34.8 · Context quote: OSLER, HOSKIN & HARCOURT LLP 1 First Canadian Place PO BOX 50 Toronto ON M5X 1B8 CANADA; Form: invoice_listing · Rows: Matthew Ritchie; David Rosenblat; Carolin Jumaa · Money: Fees: $10.4K · Quote: TOTAL FEES (CAD): | 11.00 | | 10,393.00 · Approximate: false · Period: Kind: invoice · Quote: 13101757 | Nov-26-25 | 10,393.00 | 0.00 | 1,351.09 | 11,744.09 · Approval: State: unstated · Averages: · Currency: Code: CAD · Quote: CAD INVOICES · Invoices: · Firm text: Osler, Hoskin & Harcourt LLP · Firm quote: OSLER, HOSKIN & HARCOURT LLP · Hours total: Quote: TOTAL FEES (CAD): | 11.00 | | 10,393.00 · Value: 11 · Context quote: OSLER, HOSKIN & HARCOURT LLP 1 First Canadian Place PO BOX 50 Toronto ON M5X 1B8 CANADA
  • Recovery outcome Entries: per estimated · Stated on: 2025-11-26 · Table missing:
PDF
Third Report of the Receiver dated November 26, 2025
  • Cash on hand $1.25M · Qualifier: approximately
  • Fee schedule Engagements: Form: time_summary · Rows: Noah Goldstein; Jordan Wong; Dean Perlman; Fees: 1052.5 · Hours: 4.55 · Quote: Other staff and administrative | | | 4.55 | 175 - 240 | 1,052.50 · Rate max: 240 · Rate min: 175 · Row kind: bucket · Rate kind: range · Name as stated: Other staff and administrative · Money: Fees: $44.4K · Quote: Total fees | | | | 44,443.75 · Total: $44.7K · Quote: Total Fees and Disbursements | | | | 44,708.28 · includes disbursements · Approximate: false · Disbursements: $265 · Quote: Add: Out-of-pocket expenses (Canada Post) | | | | 264.53 · Period: Kind: invoice · Label: For October, 2025 · Quote: For October, 2025 · Approval: State: unstated · Averages: — · Currency: · Invoices: · Firm text: KSV Restructuring Inc. · Firm quote: Third Report to Court of KSV Restructuring Inc. as Receiver of the Real Property located at 175-199 Essa Road, Barrie and 50 Wood Street, Barrie · Hours total: Quote: Total hours | | | | 66.90 · Value: 66.9 · Context quote: Third Report to Court of KSV Restructuring Inc. as Receiver of the Real Property located at 175-199 Essa Road, Barrie and 50 Wood Street, Barrie; Form: time_summary · Rows: Matthew Ritchie; David Rosenblat; Carolin Jumaa; Francine Wagorn · Money: Fees: $34.7K · Quote: Blended Rate (excluding expenses / disbursements and HST) $34,701.00 ÷ 37.9 hours = · Approximate: false · Period: End: 2025-11-05 · Kind: invoice · Label: PERIOD OF OCTOBER 14, 2025 TO NOVEMBER 5, 2025 · Quote: PERIOD OF OCTOBER 14, 2025 TO NOVEMBER 5, 2025 · Start: 2025-10-14 · Approval: State: unstated · Averages: exclusive of applicable taxes · Currency: · Invoices: Tax: 3165.36 · Date: 2025-11-04 · Fees: 24308 · Quote: 13096355 2 | November 4, 2025 | $24,308.00 | $40.90 | $3,165.36 | $27,514.26 · Total: 27514.26 · Disbursements: 40.9; Tax: 1351.09 · Date: 2025-11-26 · Fees: 10393 · Quote: 13101757 | November 26, 2025 | $10,393.00 | $0 | $1,351.09 | $11,744.09 · Total: 11744.09 · Disbursements: 0 · Firm text: Osler, Hoskin & Harcourt LLP · Firm quote: SUMMARY OF FEES AND DISBURSEMENTS OF OSLER, HOSKIN & HARCOURT LLP (AS COUNSEL TO THE RECEIVER) BY TIMEKEEPER · Hours total: Quote: Total: | 37.9 · Value: 37.9 · Context quote: SUMMARY OF FEES AND DISBURSEMENTS OF OSLER, HOSKIN & HARCOURT LLP (AS COUNSEL TO THE RECEIVER) BY TIMEKEEPER
  • Operational summary Since the Second Report, the Receiver's activities included corresponding with Paliare Roland and Osler regarding closing the Transaction; corresponding with McKenzie Lake regarding closing; reviewing closing documents including the statement of adjustments; reviewing Osmington's payout statement; providing Osmington with closing updates; calculating the distribution to Osmington; corresponding with the City of Barrie regarding property maintenance; corresponding with a third-party contractor regarding security and surveillance of the Property; paying ongoing receivership costs; filing HST returns; and drafting this Report.
  • Professional fees Receiver's fees for October 1-31, 2025: $44,443.75 (excl. disbursements and HST); Paliare Roland's fees for October 14 to November 23, 2025: $8,561 (excl. disbursements and HST); Osler's fees for October 14 to November 5, 2025: $34,701.00 (excl. HST and disbursements)
  • + 3 more extracted facts
PDF
Approval and Vesting Order dated October 21, 2025
  • Closing terms Vesting of Purchased Assets in the Assignee occurs upon delivery of the Receiver's Certificate confirming payment of purchase price, satisfaction/waiver of closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Order date 21 October 2025
  • Purchaser Aggregated Investments Inc.
PDF
Distribution Order dated October 21, 2025
  • Counsel Paliare Roland LLP
PDF
Endorsement of Justice Cavanagh dated October 21, 2025
  • Presiding officer Justice Cavanagh
PDF
Motion Record of the Receiver re Sale Approval dated October 16, 2025
  • Fee schedule Engagements: Form: prose · Rows: · Money: Approximate: false · Period: End: 2025-06-30 · Kind: unstated · Quote: For the period ending June 30, 2025 · Approval: State: unstated · Averages: Receiver · Currency: · Invoices: · Firm text: KSV Restructuring Inc. · Firm quote: Second Report to Court of KSV Restructuring Inc. as Receiver · Context quote: in its capacity as receiver and manager (the ' Receiver ') without security, of the real property located at 175-199 Essa Road, Barrie and 50 Wood Street, Barrie; Form: prose · Rows: · Money: Approximate: false · Period: End: 2025-06-30 · Kind: unstated · Quote: For the period ending June 30, 2025 · Approval: State: unstated · Averages: Paliare Roland · Currency: · Invoices: · Firm text: Paliare Roland · Firm quote: Lawyers for the Receiver · Context quote: The average hourly rate of the Receiver and Paliare Roland for the referenced period was $661.15 and $828.50, respectively.
PDF
Second Report of the Receiver dated October 16, 2025
  • Fee schedule Engagements: Form: prose · Rows: · Money: Approximate: false · Period: End: 2025-06-30 · Kind: invoice · Quote: for the period ending June 30, 2025 · Approval: State: unstated · Averages: the Receiver · Currency: · Invoices: · Firm text: KSV Restructuring Inc. · Firm quote: KSV Restructuring Inc. · Context quote: KSV Restructuring Inc. (' KSV ') was appointed as receiver and manager (the ' Receiver ') of the real property located at 175-199 Essa Road, Barrie and 50 Wood Street, Barrie; Form: prose · Rows: · Money: Approximate: false · Period: End: 2025-10-09 · Kind: invoice · Quote: FOR PROFESSIONAL SERVICES RENDERED on this matter for the period ending October 9, 2025: · Approval: State: unstated · Averages: Paliare Roland · Currency: · Invoices: · Firm text: Paliare Roland · Firm quote: Paliare Roland · Context quote: The average hourly rate of the Receiver and Paliare Roland for the referenced period was $661.15 and $828.50, respectively.
  • Operational summary The Receiver conducted a Sale Process launched September 16, 2025 with a Teaser sent to 179 potential purchasers; six parties signed NDAs but no LOIs were submitted by the October 13, 2025 deadline, so the APS with Aggregated Investments Inc. (Purchase Price $34,220,000) was deemed the Successful Bid; the Receiver recommends Court approval of the Transaction via an AVO and a Distribution Order to pay Professional Fees, repay Osmington's Receiver's Borrowing Charge advance, and distribute remaining proceeds to Osmington up to its secured indebtedness.
  • Professional fees $164K · Party: KSV Restructuring Inc. (Receiver) · Period: commencement of the receivership proceedings to September 30, 2025 · Excludes: disbursements and HST; $32.9K · Party: Paliare Roland Rosenberg Rothstein LLP · Period: through to October 9, 2025 · Excludes: disbursements and HST
  • Report date 16 October 2025
  • + 1 more extracted fact
PDF
Sale Process Letter dated September 15, 2025
  • Bid deadline 28 October 2025
  • Break fee $856K
  • Counsel Paliare Roland Rosenberg Rothstein LLP
  • Order date 12 September 2025
  • + 2 more extracted facts
PDF
Endorsement of Justice Steele dated September 12, 2025
  • Presiding officer Justice Steele
PDF
Green World Sale Process
  • Bid deadline 28 October 2025
  • Order date 12 September 2025
  • Phase1 deadline 13 October 2025
PDF
Sale Process and Stalking Horse Order dated September 12, 2025
  • Bid deadline 28 October 2025
  • Counsel Paliare Roland Rosenberg Rothstein LLP
  • Order date 12 September 2025
  • Phase1 deadline 13 October 2025
  • + 1 more extracted fact
PDF
Factum of the Receiver dated September 8, 2025
  • Counsel Paliare Roland Rosenberg Rothstein LLP
PDF
First Report of the Receiver dated September 5, 2025
  • Commencement date 20 May 2025
  • Court Ontario Superior Court of Justice (Commercial List)
  • Court file no CV-25-00740691-00CL
  • Financial position Osmington was owed approximately $31.41 million as at August 15, 2025, excluding costs, and with costs and interest continuing to accrue.
  • + 7 more extracted facts
PDF
Motion Record of the Receiver dated September 5, 2025PDF
Notice & Statement of the Receiver dated May 30, 2025
  • Financial position Liabilities $76.8M · as at 20 May 2025 · per Preliminary list of creditors (unaudited), based on books and records of Green World Construction Inc.; balances preliminary, subject to change and may differ from creditors' records · Green World Construction Inc. (the Debtor) — Total is the sum of Total Secured Creditors ($44,102,850.21) and Total Unsecured Creditors ($32,662,044.88) as stated in Appendix A. The Receiver states: 'The Receiver was not provided a copy of the financial statements from the Debtor and accordingly the book value of the assets is not available' (page 1), so total_assets is not stated.
  • Secured creditors $31.4M · Note: Prose states owed 'approximately $31.39 million as of April 4, 2025'; exact figure of $31,390,662.00 appears in the Receiver's preliminary list of creditors as at May 20, 2025 (Appendix A). Interest and costs continue to accrue. · Page: 1 · As of: 2025-04-04 · Debtor: Green World Construction Inc. · Creditor: Osmington (Wood Street) Inc. and 2106580 Ontario Inc. (collectively, "Osmington") · Security: Charge on title to the Property (175-199 Essa Road and 50 Wood Street, Barrie) registered April 14, 2022 in the registered amount of $48.03 million (registration ceiling, not the outstanding balance)
  • Unsecured creditors $593 · Page: 4 · As of: 2025-05-20 · Basis: Preliminary list of creditors as at May 20, 2025 (unaudited), based on books and records of the Debtor · Debtor: Green World Construction Inc. · Creditor: BA Consulting Group
PDF
Endorsement of Justice Cavanagh dated May 20, 2025
  • Presiding officer Justice Cavanagh
PDF
Non Disclosure AgreementPDF
Receivership Order dated May 20, 2025
  • Applicant 2106580 Ontario Inc.; Osmington (Wood Street) Inc.
  • Appointee KSV Restructuring Inc.
  • Appointee role Receiver and manager
  • Charges Receiver's Charge; Receiver's Borrowings Charge $1M
  • + 8 more extracted facts
PDF
Supplemental Affidavit of Jason Levin dated May 15, 2025
  • Counsel Osler, Hoskin & Harcourt LLP
PDF
Endorsement of Justice Cavanagh dated April 14, 2025
  • Presiding officer Justice Cavanagh
PDF
Factum of the Applicants dated April 10, 2025
  • Counsel Osler, Hoskin & Harcourt LLP
PDF
Supplemental Affidavit of Jason Levin dated April 10, 2025
  • Counsel Osler, Hoskin & Harcourt LLP
PDF
Application Record dated April 7, 2025
  • Secured creditors Note: Subordinated and postponed to the Applicants' Charge pursuant to a Subordination Agreement dated April 14, 2022 among the Applicants, MarshallZehr (subordinate lender), Green World (borrower) and Digram Developments Inc. (guarantor). MarshallZehr's loan to Green World is guaranteed by Digram Developments Inc. (corporate guarantor, related to Green World's principals). No outstanding balance for this facility is disclosed in the record; parcel register and PPSA searches confirm no other registrations against the Property or Green World. · Page: 31 · Debtor: Green World Construction Inc. · Creditor: MarshallZehr Group Inc. · Currency: CAD · Security: Charge/Mortgage registered April 14, 2022 as Instrument No. SC1887662 in the principal amount of $13,300,000 (registered principal, not a stated balance); also secured by (i) Notice of Assignment of Rents - General (Instrument No. SC1887663), (ii) Application to Annex Restrictive Covenants s.118 (Instrument No. SC1887664) prohibiting further charges on the Property without MarshallZehr's consent, and (iii) PPSA registrations dated April 13, 2022 against Green World and against Green World and Digram Developments Inc. jointly
PDF
TeaserPDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “Green World Construction Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 20 September 2026, https://proceedings.ca/case/green-world-construction-inc

Recently updated

1281805 B.C. Ltd.

British Columbia · NOI

18 Sep 2026

Collection Tuff Avenue Inc.

Quebec · Bankruptcy

18 Sep 2026

6511 Sussex Heights Development Ltd. ("Highline Metrotown") and Minoru View Homes Ltd. ("Minoru Square") et al.

British Columbia · Receivership (court-appointed)

18 Sep 2026

177 Cross Argus Development Inc.

Ontario · NOI

18 Sep 2026

Sources last checked · summary updated 5 August 2026 · Report a correction · Printed from proceedings.ca/case/green-world-construction-inc

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.