Maxx Properties (323) Ltd.
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-23-00706680-00CL
Maxx Properties (323) Ltd. was placed in court-appointed receivership on 28 February 2024 by the Ontario Superior Court of Justice (Commercial List), under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, on the application of the Royal Bank of Canada (court file CV-23-00706680-00CL). The Fuller Landau Group Inc. was appointed as receiver and manager. The Royal Bank of Canada issued a demand for payment on 5 September 2023 for $7,222,321.53, inclusive of interest and costs. Lift Capital Incorporated together with Michael Awad and Howard Awad are named as second mortgagees. The proceeding remains active.
8 earlier updates, back to 28 February 2024 — subscribers.
Debtor
Maxx Properties (323) Ltd.
Receiver
Fuller Landau
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Kimmel | Ontario Superior Court of Justice | 2 orders, Jun 2024 | 182 cases on record |
| Justice Osborne | Ontario Superior Court of Justice | 2 orders, Feb 2024 | 146 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverFuller Landau | Harrison Pensa LLP | 6 Jan 2025 | Factum · 6 Jan 2025 |
| Applicant | Chaitons LLP | 28 Feb 2024 | Order · 28 Feb 2024 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada (RBC) · in 556 casesGeneral security agreement (GSA); first ranking charge/mortgage on Real Property, principal amount $8,288,000 (RBC Mortgage); guarantee from Blake Larsen — Demand for payment issued September 5, 2023 for $7,222,321.53 inclusive of interest and costs, along with Notices of Intention to Enforce Security under s.244(1) BIA. RBC Mortgage principal of $8,288,000 is the registered principal, not the outstanding balance. Personal guarantee obtained from Blake Larsen (director/guarantor). — debtor: Maxx Properties (No. 323) Ltd. · as of 5 Sep 2023 | $7.22M | First Report of the Receiver |
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.
Sale process approved — Sales and Marketing Process approved, subject to court approval of any transactionSales Process Order - 03-JUNE-2024 · 3 Jun 2024
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Amar Jwedah (company to be incorporated)the Real Property · real property · agreement 16 Oct 2023 | not stated | Not completed8 Mar 2024 | First Report of the Receiver |
Secured creditors: no distribution.EstimatedMotion Record of the Receiver · 31 Oct 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | other secured creditors of Maxx | — | no distribution | Estimatedper the receiver | Motion Record of the Receiver · 31 Oct 2025 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
3 engagements · 1 firm — latest: Harrison Pensa LLP, 16 Dec 2024 – 21 Oct 2025Motion Record of the Receiver · 5 Nov 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Harrison Pensa LLPCounselperiod 3 of 3 | 16 Dec 2024 – 21 Oct 2025Sought | — | ••• | ••• | Motion Record of the Receiver · 5 Nov 2025 |
| Harrison Pensa LLPCounselperiod 3 of 3 | 6 Feb – 21 Oct 2025Sought | — | ••• | •••3 people | Motion Record of the Receiver · 5 Nov 2025 |
| Harrison Pensa LLPCounselperiod 1 of 3 | 16 Dec 2024 – 6 Feb 2025Sought | — | ••• | •••6 people | Motion Record of the Receiver · 5 Nov 2025 |
| Date | Document | File |
|---|---|---|
Motion Record of the Receiver
| PDF · Subscribers | |
| Book of Authorities of the Receiver | PDF · Subscribers | |
Factum of the Receiver
| PDF · Subscribers | |
Endorsement - 03-JUNE-2024
| PDF · Subscribers | |
Sales Process Order - 03-JUNE-2024
| PDF · Subscribers | |
| Factum - Receiver - The Fuller Landau Group Inc. - 23-MAY-2024 | PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
Motion Record - Receiver - The Fuller Landau Group Inc. - 22-MAY-2024
| PDF · Subscribers | |
Endorsement
| PDF · Subscribers | |
Receivership Order
| 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., “Maxx Properties (323) Ltd.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/maxx-properties-323-ltd