Leato Enterprise Ltd.
- Proceeding
- Receivership (court-appointed)section 243 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the "BIA") and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended (the "CJA")
- File
- CL-26-00000359-0000
- Industry
- Real estate · Rental & income property
Leato Enterprise Ltd. is in insolvency proceedings in the Ontario Superior Court of Justice (Commercial List), commenced August 24, 2026 on the application of Bank of Montreal under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, with TDB Restructuring Limited appointed receiver and manager under court file no. CL-26-00000359-0000. Bank of Montreal, the only registered mortgagee and PPSA-registered secured party against the company, was owed $5,977,935.29 as at July 6, 2026 under two demand real estate credit facilities of $2,784,143.52 and $3,200,000, secured by first-ranking mortgages and assignments of rents over the 507 and 693 properties and a general security agreement over all present and after-acquired personal property. Diana Choi, the company's sole director, and Andy To have given guarantees limited to an aggregate $6,000,000 plus interest and costs.
The court appointed TDB Restructuring Limited as receiver and manager, on the application of Bank of Montreal. Court file CL-26-00000359-0000.
Filing brief
Leato Enterprise: one tenant left across two Queen Street West buildings
Bank of Montreal, owed $6,019,192.79 on two mixed-use buildings at 507 and 693 Queen Street West, had TDB Restructuring Limited appointed receiver and manager of Leato Enterprise Ltd. on August 24 after Justice Dunphy refused the company's self-represented director and her co-guarantor an adjournment; nine days later the receiver still had no list of creditors.
Debtor
Leato Enterprise Ltd.
Receiver
TDB Restructuring
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Dunphy | Ontario Superior Court of Justice | 2 orders, Aug 2026 | 93 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantBank of Montreal | Miller Thomson LLP | 13 Aug 2026 | Application · 13 Aug 2026 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Bank of Montreal · in 297 casesas of approximate amount as at mailing/notice date (undated exact figure per affidavit of Michaela Wolf, August 13, 2026) — Approximate amount owed per Receiver's Notice; also applicant seeking receivership appointment. Receiver states amounts derived from materials previously filed with Court, not independently verified, underlying mortgage documentation not reviewed. — debtor: Leato Enterprise Ltd. | $6.02M | Notice and Statement of the Receiver dated September 2, 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.
| Date | Document | File |
|---|---|---|
Notice and Statement of the Receiver dated September 2, 2026
| PDF · Subscribers | |
Appointment Order dated August 24, 2026
| PDF · Subscribers | |
Endorsement of Justice Dunphy dated August 24, 2026
| PDF · Subscribers | |
Application Record dated August 14, 2026
| PDF · Subscribers | |
Notice of Application dated August 13, 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., “Leato Enterprise Ltd.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/leato-enterprise-ltd