Health and Beauty Inc. et al.
Follow- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CV-24-00725775-00CL
Health and Beauty Inc. et al. are the subject of a court-appointed receivership proceeding in the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), commenced on August 9, 2024 under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding was opened by a Notice of Application dated August 9, 2024 and carries court file number CV-24-00725775-00CL. The matter remains active, and the record reflects no steps after the commencement date.
Factum of the Receiver - Sale Approval Motion Returnable on December 5, 2025 — Factum / brief
Sale Approval Motion Record - Returnable on December 5, 2025 — Application / notice of application
The court appointed MNP Ltd. as receiver, on the application of CANADIAN WESTERN BANK. Court file CV-24-00725775-00CL.
Notice of Application dated August 9, 2024 opened the receivership proceeding in the Ontario Superior Court of Justice under court file CV-24-00725775-00CL.
Source: Application Record dated
Debtor
Health and Beauty Inc. et al.
Receiver
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Dietrich | Ontario Superior Court of Justice | 2 orders, Dec 2025 | 89 cases on record |
| Justice Osborne | Ontario Superior Court of Justice | 2 orders, Oct 2024 | 146 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverMNP | Chaitons LLP | 5 Dec 2025 | Factum · 5 Dec 2025 |
| Applicant | Chaitons LLP | 18 Oct 2024 | Order · 18 Oct 2024 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | MHZ Capital Group Ltd. and 2057123 Ontario Inc.Charge registered July 31, 2023 as Instrument No. DR2280727 against Units 1 and 2, 1155 Boundary Road — Second mortgagee; Bank states it was not made aware of nor consented to this registration. — debtor: GL & RM Inc. · as of 31 Jul 2023 | $2M | Application Record dated |
| 4 | Secured | 11533533 Canada Ltd.Charge registered Feb 7, 2024 as Instrument No. DR2296214 against Units 1 and 2, 1155 Boundary Road — Third mortgagee; Bank states it was not made aware of nor consented to this registration. — debtor: GL & RM Inc. · as of 7 Feb 2024 | $661K | Application Record dated |
| 4 | Secured | City of Oshawa · in 5 casesMunicipal property tax arrears secured against Unit 1, 1155 Boundary Road (Tax Certificate) — Municipal tax arrears; Tax Certificate indicates City of Oshawa commencing tax sale proceedings for this unit. — debtor: GL & RM Inc. · as of 7 Jul 2024 | $67.1K | Application Record dated |
| 4 | Secured | City of Oshawa · in 5 casesMunicipal property tax arrears secured against Unit 6, 1155 Boundary Road (Tax Certificate) — Municipal tax arrears. — debtor: GLRM Oshawa 6 Inc. · as of 7 Jul 2024 | $47K | Application Record dated |
| 4 | Secured | Canadian Western Bank · in 80 casesGeneral Security Agreements granted by Health and Beauty and Mr. Mahajan (Feb 13, 2023); Full Liability Guarantees and GSAs from Oshawa 6, GL&RM and Logistics House (with Mr. Mahajan) — Revolving Credit Agreement executed Feb 13, 2022 established a $5,000,000 credit facility limit (facility limit, not a stated outstanding balance); payable on demand. Personal guarantee also granted by Mr. Mahajan (director/officer, related party guarantor). — debtor: The Health and Beauty Distributor Inc. | — | Application Record dated |
| 5 | PMSI / lessors | PPSA equipment financiers (PMSI class) · in 183 casesFinancing statements registered under the PPSA (Ontario) against Health and Beauty for equipment/motor vehicle collateral — Aggregated per serialized-equipment financier convention. Members: Indcom Leasing Inc. (Jan 30, 2024, equipment/other); Toyota Industries Commercial Finance Canada, Inc. (May 15, 2024, equipment); Ford Credit Canada Company (Feb 9, 2022, equipment/other/motor vehicle); The Bank of Nova Scotia (Aug 24, 2022, equipment/other/motor vehicle); BMW Canada Inc. (Sept 2, 2022, consumer goods/equipment/other/motor vehicle); First Financial Canadian Leasing Ltd. (March 22, 2023, eq · as of 1 Jul 2024 | — | Application Record dated |
“not stated” means the record names the claim without a figure; “—” means not in the extracted 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.
Sale approved — the Transaction is hereby approvedApproval and Vesting Order · 5 Dec 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1155 Boundary GP Inc., as general partner for and on behalf of 1155 Boundary Limited Partnershipall of the Debtor's right, title and interest in and to the assets more particularly described in the Sale Agreement (the 'Purchased Assets') · real property · agreement 16 Sep 2025 | not stated | Approved5 Dec 2025 | Approval and Vesting Order |
National Bank of Canada: shortfall.EstimatedMotion Record · 6 Aug 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | National Bank of Canada | — | shortfall | Estimatedper the receiver | Motion Record · 6 Aug 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.
2 engagements · 2 firms — latest: Chaitons LLP, 22 Oct 2024 – 30 Jun 2025, $22,298.55 in feesMotion Record · 6 Aug 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Chaitons LLPCounsel | 22 Oct 2024 – 30 Jun 2025 | — | $22,298.55ex. tax | not stated | Motion Record · 6 Aug 2025 |
| MNP Ltd.Receiver | to 30 Jun 2025 | — | — | $439.90stated average | Motion Record · 6 Aug 2025 |
| Date | Document | File |
|---|---|---|
Ancillary Relief Order
| ||
Approval and Vesting Order
| ||
Endorsement of Justice J. Dietrich
| ||
Factum of the Receiver - Sale Approval Motion Returnable on December 5, 2025
| ||
| Sale Approval Motion Record - Returnable on December 5, 2025 | ||
Motion Record
| ||
Appointment order of Osborne J. dated
| ||
Endorsement of Osborne J. dated
| ||
| Factum of the Applicant dated | ||
Application Record dated
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Health and Beauty Inc. et al.” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 20 September 2026, https://proceedings.ca/case/health-and-beauty