Malakland Petroleum Inc.
Follow- Proceeding
- Receivership (court-appointed)section 243(1) 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
- CV-24-00002452-0000
Malakland Petroleum Inc. is the subject of a court-appointed receivership application brought in the Ontario Superior Court of Justice under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The proceeding began on June 25, 2024, when the notice of application was issued under court file number CV-24-00002452-0000. The record carries no further filings, and the matter is recorded as closed.
2 earlier updates, back to 25 June 2024 — subscribers.
Debtor
Malakland Petroleum Inc.
Receiver
msi Spergel inc.
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | The Toronto-Dominion Bank · in 111 casesGeneral Security Agreement dated July 4, 2022 over all present and after-acquired personal property (perfected by PPSA registration no. 784606428, registered 2022-07-05, expiring 2027-07-05); Charge/Mortgage of Land, registered principal sum of $2,300,000.00 (not a balance), instrument HR1907865, registered 2022-07-18, first charge over Real Property at 12 Guelph St W, Halton Hills, ON (PIN 24992-0323 LT); Guarantee from Fazle Majeed dated July 4, 2022, unlimited in sum (personal guarantee, related party - Fazle Majeed is a principal of the Debtor) — Facility-level balances as at May 14, 2024: · as of 14 May 2024 | $2.15M | Application Record of Toronto Dominion Bank dated July 3, 2024 |
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.
Closed · the record states no distribution outcome.
| Date | Document | File |
|---|---|---|
Approval Distribution and Discharge Order dated November 20, 2025
| PDF · Subscribers | |
Endorsement of the Honourable Justice Change dated November 20, 2025
| PDF · Subscribers | |
Court Order of the Honourable Justice Chang dated October 3, 2024
| PDF · Subscribers | |
Endorsement of the Honourable Justice Chang dated October 3, 2024
| PDF · Subscribers | |
Application Record of Toronto Dominion Bank dated July 3, 2024
| 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., “Malakland Petroleum Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/malakland-petroleum-inc