#Order
A receivership order appointing Grant Thornton Limited as receiver was made on February 13, 2024.
Source: Receivership Order of Justice Valente dated February 13, 2024.pdf
K&M Venture Capital Group Inc.
FollowActive
- Proceeding
- Receivership (court-appointed)section 101 of the Courts of Justice Act
- File
- CV-23-00082142-0000
Filings held5
Last activity13 Feb 2024
On the record951 days
OverviewSummary updated
K&M Venture Capital Group Inc. is in court-appointed receivership before the Ontario Superior Court of Justice, following an order made February 13, 2024, under section 101 of the Courts of Justice Act, in an application brought by Michael Foley, Jonathan Williams, Williams Venture Capital Inc. and Crystal Masterson. Grant Thornton Limited was appointed receiver. Justice Valente presided over the matter, docketed as court file CV-23-00082142-0000.
Proceedings AIAsk this case — answers cite the filings
Case updates5 dated entries
#Filing
Motion Record of the Receiver returnable February 13, 2024.PDF — Application / notice of application
2 earlier updates, back to 13 February 2024 — subscribers.
Parties
Debtor
K&M Venture Capital Group Inc.
Receiver
Doane Grant Thornton
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Valente | Ontario Superior Court of Justice | 3 orders, Feb 2024 | 12 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverDoane Grant Thornton | Miller Thomson LLP | 31 Jan 2024 | Order · 13 Feb 2024 |
| DebtorK&M Venture Capital Group Inc. | Necpal Litigation | 31 Jan 2024 | Application · 31 Jan 2024 |
| CreditorDouglas Grozelle and Ross Grozelle | Professional Corporation | 31 Jan 2024 | Application · 31 Jan 2024 |
| CreditorL7M Development Inc | Refcio & Associates | 31 Jan 2024 | Application · 31 Jan 2024 |
| CreditorToronto-Dominion Bank | Chaitons LLP | 31 Jan 2024 | Application · 31 Jan 2024 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Lenders (140+ individuals and small private holding companies)as of commencement of the Receivership proceedings — Floor/minimum figure ("at least"); unsecured short-term promissory notes issued personally by Grozelle; deposits cycled through Grozelle's accounts total in excess of $102,000,000 due to re-investment/rolling of loans and repeated inter-account transfers; possible additional lenders not yet come forward; no individual creditors named in these pages — debtor: Douglas Grozelle / Douglas Grozelle o/a Grozelle Enterprises | $15M | Motion Record of the Receiver returnable February 13, 2024.PDF |
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.
Documents5 filings
| Date | Document | File |
|---|---|---|
Endorsement of Justice Valente dated February 13, 2024.pdf
| PDF · Subscribers | |
Motion Record of the Receiver returnable February 13, 2024.PDF
| PDF · Subscribers | |
Production Order of Justice Valente dated February 13, 2024.pdf
| PDF · Subscribers | |
Receivership Order of Justice Valente dated February 13, 2024.pdf
| PDF · Subscribers | |
Confirmation of Motion dated January 31, 2024.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., “K&M Venture Capital Group Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/k-m-venture-capital-group-inc