LNS Properties Inc.
Follow- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-25-00003092-0000
LNS Properties Inc. has been in court-appointed receivership in Ontario since August 14, 2025, when the Ontario Superior Court of Justice made a receivership order under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding is carried on court file CV-25-00003092-0000 and remains active. No further steps have been recorded on the file since the appointment.
Motion Record of the Receiver - Returnable September 25, 2026 — Application / notice of application
3 earlier updates, back to 14 August 2025 — subscribers.
Debtor
LNS Properties Inc.
Receiver
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Stewart | Ontario Superior Court of Justice | 3 orders, Aug 2025 | 8 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverMNP | Miller Thomson LLP | 25 Sep 2026 | Factum · 25 Sep 2026 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | National Bank of Canada (as successor to Canadian Western Bank / CWB Maxium Financial Inc.) · in 88 casesTwo first-ranking General Security Agreements dated November 16, 2023 and December 8, 2023; first-ranking registered charge against Real Property (78 Spruce Street, Vermilion Bay, Ontario) in principal amount of $250,000 (Instrument No. KN117525, registered November 20, 2023); unlimited guarantees dated December 8, 2023 (re: Ignace) and November 16, 2023 (re: Sahota Corp.) — Demand letter (Exhibit J) quantifies Direct Indebtedness (Ignace) of CAD $526,063.06 and Indirect Indebtedness (Sahota Corp., via guarantee) of CAD $2,799,945.07 as at March 17, 2025, aggregating to $3,326,008.13 demanded · as of 17 Mar 2025 | $3.33M | Application Record |
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 |
|---|---|---|
Factum of the Receiver - Returnable September 25, 2026
| PDF · Subscribers | |
Motion Record of the Receiver - Returnable September 25, 2026
| PDF · Subscribers | |
Appointing Receiver
| PDF · Subscribers | |
Endorsement of Justice Stewart - Appointing Receiver
| PDF · Subscribers | |
Order Appointing Receiver
| 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., “LNS Properties Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 21 September 2026, https://proceedings.ca/case/lns-properties-inc