Jar Hospitality Limited Sail Restaurant

Jar Hospitality Limited, operator of Sail Restaurant, became bankrupt under the Bankruptcy and Insolvency Act on December 14, 2022 at 14:41, with MNP Ltd. acting as trustee in the Ontario estate under file no. 35-2893941. The Statement of Affairs reports unsecured creditors in the aggregate of $614,830, against which proofs of claim filed to date total $71,679, and describes CRA arrears of approximately $125,000 attributed by the company to cashflow constraints, a class carried at nil in the provable claims table. On the secured side, 9859870 Canada Inc. has a proven claim of $42,017 secured against accounts and other collateral, while the Owen Sound landlord, Bharti Enterprises Inc., and Silver Chef Rentals Inc., the Meaford landlord, hold registrations without stated balances. The proceeding remains active.