#Filing
Responding Motion of International Group, Inc. Returnable September 29, 2026 — Response / objection pleading
KBIJ Corporation
FollowActive
- Proceeding
- Receivership (court-appointed)SECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, R.C.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
- File
- CV-23-00703382-00CL
OverviewSummary updated
KBIJ Corporation has been in court-appointed receivership since October 24, 2023, when the Ontario Superior Court of Justice appointed Rosen Goldberg Inc. as receiver and manager on the application of Sigma One Capital Inc., under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. Sigma One holds a first-ranking charge on 25 Glen Watford Drive, Toronto and a first-ranking general security agreement, and was owed $11,564,963.41 as at July 7, 2023; it also holds a guarantee from Charles Chan. Later charges registered on title include a $2,000,000 vendor take-back mortgage in favour of JTK Holding Inc. The receivership is carried under court file no. CV-23-00703382-00CL.
Proceedings AIAsk this case — answers cite the filings
Case updates9 dated entries
6 earlier updates, back to 24 October 2023 — subscribers.
AnalysisAll insights
Case update
25 Glen Watford: a credit bid, and $5.7 million in buyers' deposits
KBIJ Corporation's receiver asks the Commercial List to vest a vacant Scarborough lot, approved for a 10-storey retirement residence, in an affiliate of first mortgagee Sigma One Capital Inc. (owed $18,506,511.20) on a sealed credit bid after 35 confidentiality agreements produced no offer, to disclaim the pre-construction agreements, and to order the law firm holding $5,729,977.30 of buyers' deposits to pay them over; Justice Cavanagh has set the motion for September 29.
Parties
Debtor
KBIJ Corporation
Receiver
Rosen Goldberg
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Cavanagh | Ontario Superior Court of Justice | 1 order, Aug 2026 | 288 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorJTK Holdings Inc | McHUGH WHITMORE LLP | 28 Nov 2023 | Service list · 28 Nov 2023 |
| CreditorRosen Goldberg Inc | Dickinson Wright LLP | 28 Nov 2023 | Service list · 28 Nov 2023 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Sigma One Capital Inc. · in 2 casesFirst-ranking charge on title to the Property (registered June 26, 2015, Instrument No. AT3927954) and general security agreement registered under the PPSA — Sigma Loan principal was $4.5 million; mortgage payout statement shows disbursed principal of $5,880,200.57 (Appendix B). Current balance includes $180,000 in legal/other fees pertaining to loan recovery, subject to change. Per diem interest of $6,321.08 accruing from July 31, 2026. Purchaser under APS is an affiliate of Sigma (related party credit bid). Security opinion from Manis Law LLP confirms Sigma Charge and Sigma GSA are valid, fi · as of 31 Jul 2026 | $18.5M | Motion Record of Receiver dated August 25, 2026 |
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.
Documents
9 filings
| Date | Document | File |
|---|---|---|
| Responding Motion of International Group, Inc. Returnable September 29, 2026 | PDF · Subscribers | |
Aide Memoire of Receiver Returnable August 28, 2026
| PDF · Subscribers | |
Motion Record of Receiver dated August 25, 2026
| PDF · Subscribers | |
Endorsement of Justice Cavanagh dated August 8, 2026
| PDF · Subscribers | |
Service List as of November 28, 2023
| PDF · Subscribers | |
Endorsement of Justice Penny dated October 24 2023
| PDF · Subscribers | |
Receivership Order dated October 24, 2023
| PDF · Subscribers | |
Supplementary Application Record of Applicants returnable October 24, 2023
| PDF · Subscribers | |
Application Record
| 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., “KBIJ Corporation” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/kbij-corporation