#Order
The court approved a sale and investment solicitation process.
Source: Court Order dated July 30, 2026
King David Inc.
ActiveFollow
- Proceeding
- Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, and Section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CL-26-00000233-0000
- Industry
- Real estate · Residential development
Filings held9
Last activity30 Jul 2026
On the record119 days
OverviewSummary updated
King David Inc. has been in court-appointed receivership in Ontario since July 9, 2026, when the Ontario Superior Court of Justice (Commercial List) appointed AlixPartners Restructuring, Inc. as receiver and manager of the company's property on the application of CC2 (100) GP INC. The appointment was made under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, and carried a stay of proceedings. The order secured the receiver and its counsel by a first charge on the property, and authorised borrowings secured to $200,000 CAD ranking behind that charge. A further interim order was granted on July 30, 2026. The proceeding is active under court file CL-26-00000233-0000.
Proceedings AIOpen Proceedings AI
Case updates10 dated entries
#Order
Court appointed AlixPartners Restructuring, Inc. receiver and manager on CC2 (100) GP INC.'s application, imposing a stay and granting a first-ranking Receiver's Charge over the property for the receiver and its counsel, plus a $200,000 CAD borrowings charge ranking behind it.
AnalysisAll insights
Filing brief
King David: the Cathedraltown parcel goes to market unpriced
The lender that took an assignment in April of a $5 million loan King David Inc. did not repay at maturity had AlixPartners appointed receiver of the company's vacant 1.48-acre Cathedraltown parcel in Markham on July 9; on July 30 the court approved an unpriced Cushman & Wakefield listing, with offers tentatively due September 17.
Parties
Debtor
King David Inc.
Applicant
CC2 (100) GP Inc.
Receiver
AlixPartners
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Steele | Ontario Superior Court of Justice | 3 orders, Jun 2026 – Jul 2026 | 245 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverAlixPartners | Chaitons LLP | 28 Jul 2026 | Factum · 28 Jul 2026 |
| ApplicantCC2 (100) GP Inc. | Dickinson Wright LLP | 5 Jun 2026 | Factum · 5 Jun 2026 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| Court-ordered charges | ||||
| 1 | Court-ordered charges | Receiver's Borrowings Charge — in priority to all security interests, trusts, liens, charges and encumbrances, statutory or otherwise, in favour of any Person, but subordinate in priority to the Receiver's Charge and the charges as set out in sections | $200K | Receivership Appointment Order dated July 9, 2026 |
| 1 | Court-ordered charges | |||
| Pre-filing debt | ||||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
6 more claims in 2 classes The stack holds Court-ordered charges and Secured claims.
Every creditor and every amount, drawn to scale.
Start 5-day trial
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansThis 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 processAs stated in the filings
Sale process approved — Sale Process for the Real Property, as described in the First Report, be and is hereby approvedCourt Order dated July 30, 2026 · 30 Jul 2026
Documents
9 filings
| Date | Document | File |
|---|---|---|
Court Order dated July 30, 2026
| PDF · Subscribers | |
Endorsement of Justice Steele dated July 30, 2026
| PDF · Subscribers | |
Factum of the Receiver dated July 28, 2026
| PDF · Subscribers | |
Motion Record of the Receiver dated July 23, 2026
| PDF · Subscribers | |
Receivership Appointment Order dated July 9, 2026
| PDF · Subscribers | |
Factum of the Applicant dated July 7, 2026
| PDF · Subscribers | |
Endorsement of Justice Steele dated June 8, 2026
| PDF · Subscribers | |
Aide Memoire of the Applicant dated June 5, 2026
| PDF · Subscribers | |
Application Record dated May 25, 2026
| 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., “King David Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 4 November 2026, https://proceedings.ca/case/king-david-inc