#Order
Court appointed Bricks Damiani Inc. receiver and manager of Medulla and Co Luxury Salons Ltd. on Equitable Bank's application, under BIA s. 243(1) and CJA s. 101.
Medulla and Co Luxury Salons Ltd.
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- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CL-26-00000391-0000
OverviewSummary updated
Medulla and Co Luxury Salons Ltd. has been in court-appointed receivership since October 14, 2026, when the Ontario Superior Court of Justice (Commercial List) appointed Bricks Damiani Inc. as receiver and manager on the application of Equitable Bank under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, in court file CL-26-00000391-0000. Equitable Bank claimed $2,543,338.21 as of August 26, 2026, with interest accruing at $426.49 per diem and arrears of $88,063.06, under a $2,500,000 loan secured by a first charge registered August 19, 2022 against Units 102, 7B and 10B at 277 Davenport Road, Toronto, a general assignment of rents, a general security agreement, and an unlimited personal guarantee from sole officer and director Luis Pacheco. Toronto Standard Condominium Corporation No. 2670, which issued a notice of sale under its lien on July 17, 2026, claimed $36,195.20 as of August 24, 2026.
Proceedings AIAsk this case — answers cite the filings
Case updates3 dated entries
AnalysisAll insights
Filing brief
Medulla & Co.: a receivership 'only marginally over the line'
On October 14 Justice Dunphy put the company that ran an upscale Yorkville hair salon into receivership on Equitable Bank's application, calling the case "only marginally over the line." The endorsement says the judge is "increasingly worried" by lenders' reliance on the remedy when private sale, summary judgment or writs of possession are open to them.
Parties
Debtor
Medulla and Co Luxury Salons Ltd.
Receiver
Bricks Damiani
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Equitable Bank (EQ Bank) · in 18 casesFirst-position charge/mortgage registered Aug 19, 2022 as Instrument No. AT6162659 against Unit 102, Unit 7B and Unit 10B at 277 Davenport Road, Toronto (registered principal $2,500,000 — a registration amount, not the balance); General Assignment of Rents (Instrument No. AT6162660); General Security Agreement dated Aug 15, 2022 registered under the PPSA, ranking second; unlimited personal guarantee from sole officer/director (Luis Pacheco) dated Aug 15, 2022. — Amount owing under the EQB Loan as of Aug 26, 2026, excluding legal fees and costs incurred after July 31, 2026; interest accruing at · as of 26 Aug 2026 | $2.54M | Application Record – Dated September 9, 2026 |
| 4 | Secured | |||
| 8 | Unsecured |
2 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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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.
Documents3 filings
| Date | Document | File |
|---|---|---|
Endorsement of Justice Dunphy – Dated October 14, 2026
| PDF · Subscribers | |
Receivership Order – Dated October 14, 2026
| PDF · Subscribers | |
Application Record – Dated September 9, 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., “Medulla and Co Luxury Salons Ltd.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 24 October 2026, https://proceedings.ca/case/medulla-and-co-luxury-salons-ltd