Metropolis Properties Inc

Active

Proceeding: Receivership (court-appointed)Sections 47(1) and 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, and Section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43
Court: Ontario Superior Court of Justice
File: CV-14-10585-00CL

Filings held17

Last activity11 May 2018

On the record4,480 days

OverviewSummary updated 19 August 2026

Metropolis Properties Inc. has been in court-appointed receivership since June 16, 2014, when the Ontario Superior Court of Justice appointed MNP Ltd. receiver and manager under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, in file CV-14-10585-00CL. The application was brought by the holders of the second through twelfth mortgages on 91-93 Scollard Street, Toronto — Stanbarr Services Limited, Janodee Investments Ltd., Meadowshire Investments Ltd., Regard Investments Ltd., 1563503 Ontario Limited, Beaver Pond Investments Ltd., The Canada Trust Company, Rita Rosenberg and 527540 Ontario Limited — who were owed $5,724,210.70 in aggregate as at June 4, 2014, having issued section 244 notices as of that date. Canada Investment Corporation, a related party holding the first mortgage, sold the property under power of sale to 2413913 Ontario Ltd effective June 6, 2014; the receiver disputes that transaction and seeks to set it aside. The receivership remains active.

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Case updates17 dated entries

11 May 2018

#Filing

Notice of Change Lawyer- May 11 2018

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25 Apr 2018

#Report

The officer filed report no. Sixth Report. The Property has been sold and the Receiver is now seeking court direction on the proper distribution of net sale proceeds among Gingko and the Subsequent Mortgagees, after which it intends to complete administration and be discharged.

Source: Sixth Report of the Receiver dated April 25, 2018

7 Sep 2017

#Report

Fifth Report of the Receiver dated September 7, 2017 — Court officer report

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14 earlier updates, back to 16 June 2014 — subscribers.

Parties

Debtor

Metropolis Properties Inc

Receiver

MNP

Bench and counselPer the orders and service lists on the record

Bench

Judge	Court	On this docket	Cases on record
Justice Brown	Ontario Superior Court of Justice	4 orders, Jun 2014 – Jul 2014	41 cases on record
Justice Conway	Ontario Superior Court of Justice	2 orders, May 2016	285 cases on record

Counsel of record

Party	Counsel	First seen	Source
Applicant	Chaitons LLP	1 Feb 2016	Order · 1 Feb 2016

Capital structureAs asserted in the filings

Priority class	Creditor	Amount	Source
Secured	2nd through 12th mortgagees (Applicants, collectively)2nd through 12th ranking mortgages on 91-93 Scollard Street, Toronto — Aggregate stated in document as total secured by 2nd-12th mortgages as at June 4, 2014; section 244 notices issued as of same date; individual mortgage amounts not broken out. — debtor: Metropolis Properties Inc. · as of 4 Jun 2014	$5.72M	First Report of the Receiver dated July 7 2014

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.

1 more claim across lower-ranking classes

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Sale processAs stated in the filings

5 transactions · 4 closed · 1 proposed — The sale of the Property was completed by the Receiver on March 9, 2017. In connection with the sale, the Receiver received gross sale proceeds of $6,800,000.Sixth Report of the Receiver dated April 25, 2018 · 25 Apr 2018

Purchaser	Price	Status	Source
unnamed purchaser under Proposed Sale Agreement, price and details sealed in Supplemental Fourth Reportthe Property · real property	Sealed	Proposed	Fourth Report of the Receiver dated January…
Purchaser under the APS approved by the January 26th Order; represented by Feige Nawrocki LLPthe Property · real property	not stated	Closed	Fifth Report of the Receiver dated September 7,…
unnamedthe Property	not stated	Closed9 Mar 2017	Fifth Report of the Receiver dated September 7,…
unnamed purchaser under sale agreement dated October 27, 2016the Property · real property · agreement 27 Oct 2016	Subscribers	Closed	Sixth Report of the Receiver dated April 25,…
unnamedthe Property	not stated	Closed9 Mar 2017	Sixth Report of the Receiver dated April 25,…

AdvisorsAvison Young (listing broker)Fourth Report of the Receiver dated January 11,2017

RecoveriesAs stated in the filings

2421955 Ontario Limited: no distribution.Sixth Report of the Receiver · 25 Apr 2018

Class	Creditor	Claims	Recovery	Basis	Source
Secured	2421955 Ontario Limited	—	no distribution	per the receiver	Sixth Report of the Receiver · 25 Apr 2018
Secured	Sai Mohammed	—	no distribution	per the receiver	Sixth Report of the Receiver · 25 Apr 2018

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.

Fees and ratesAs stated in the filings

1 engagement · 1 firm — MNP Ltd., 17 Jun – 11 Oct 2014Fourth Report of the Receiver · 11 Jan 2017

Firm	Period	Hours	Fees	Rates	Source
MNP Ltd.Receiver	17 Jun – 11 Oct 2014	—	•••	•••	Fourth Report of the Receiver · 11 Jan 2017

2 stated figures across 1 engagement, each sourced

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Estate financialsReported figures — never derived

Professional fees to date

$7.36K

As at 25 Apr 2018Sixth Report of the Receiver dated April 25, 2018

Documents

17 filings

Date	Document	File
11 May 2018	Notice of Change Lawyer- May 11 2018	PDF · Subscribers

25 Apr 2018	Sixth Report of the Receiver dated April 25, 2018 Closing confirmed Closed · 9 Mar 2017 Cash on hand · Disbursements · Financial position Subscribers + 9 more extracted facts	PDF · Subscribers

7 Sep 2017	Fifth Report of the Receiver dated September 7, 2017 Closing confirmed Closed · 9 Mar 2017 Purchaser Purchaser under the APS approved by the January 26th Order; represented by Feige Nawrocki LLP · the Property · real property · closed Sale outcome Sale closed — The Transaction, involving the sale of the Property under the APS as amended, was completed following a dispute and amendment process. Stalking horse Subscribers	PDF · Subscribers

26 Jan 2017	Order of Justice Conway -Approval and Vesting Order- dated January 26 2017	PDF · Subscribers

11 Jan 2017	Fourth Report of the Receiver dated January 11,2017 Purchaser unnamed purchaser under Proposed Sale Agreement, price and details sealed in Supplemental Fourth Report · the Property · real property · proposed Sale advisor Avison Young (listing broker) Sale outcome Approval pending — The Sales Process culminated in the Receiver entering into the Proposed Sale Agreement, recommended for approval Fee schedule Subscribers + 1 more extracted fact	PDF · Subscribers

27 May 2016	Endorsement of Justice Conway dated May 27 2016 Presiding officer Justice Conway	PDF · Subscribers

27 May 2016	Order of Justice Conway -Approving Sale Process- dated May 27 2016 Order date 27 May 2016 Presiding officer Justice Conway Sale outcome Sale process approved — Receiver authorized and directed to commence a sales process for the Property Break fee Subscribers + 1 more extracted fact	PDF · Subscribers

18 May 2016	Third Report of the Receiver dated May 18,2016 Sale outcome Sale process approved — The Receiver proposes to commence a sales process for the Property, involving obtaining listing proposals, engaging a realtor, and entering into a listing agreement, with a further report to Court to obtain an approval and vesting order Stalking horse Subscribers	PDF · Subscribers

1 Feb 2016	Order of Justice Newbould - February 1 2016 Counsel Chaitons LLP Order date 1 February 2016 Presiding officer Justice Newbould Stalking horse Subscribers	PDF · Subscribers

14 Jul 2014	Second Report of the Receiver of the Receiver dated July 14 2014	PDF · Subscribers

10 Jul 2014	Endorsement of Justice Brown - July 10 2014 Presiding officer Justice Brown	PDF · Subscribers

10 Jul 2014	Transcript of Endorsement of Justice Brown - July 10 2014 Presiding officer Justice Brown	PDF · Subscribers

8 Jul 2014	Order of Justice Brown - July 18 2014 Presiding officer Justice Brown	PDF · Subscribers

7 Jul 2014	First Report of the Receiver dated July 7 2014 Financial position · Secured creditors · Unsecured creditors Subscribers	PDF · Subscribers

7 Jul 2014	Motion Record - July 7 2014 Applicant STANBARR SERVICES LIMITED, JANODEE INVESTMENTS LTD., MEADOWSHIRE INVESTMENTS LTD., REGARD INVESTMENTS LTD., 1563503 ONTARIO LIMITED, BEAVER POND INVESTMENTS LTD., THE CANADA TRUST COMPANY, RITA ROSENBERG and 527540 ONTARIO LIMITED Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST) Court file no CV-14-10585-00CL Statutory basis Sections 47(1) and 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, and Section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43	PDF · Subscribers

16 Jun 2014	Endorsement of Justice Brown - June 16 2014	PDF · Subscribers

16 Jun 2014	Receivership Order Applicant STANBARR SERVICES LIMITED, JANODEE INVESTMENTS LTD., MEADOWSHIRE INVESTMENTS LTD., REGARD INVESTMENTS LTD., 1563503 ONTARIO LIMITED, BEAVER POND INVESTMENTS LTD., THE CANADA TRUST COMPANY, RITA ROSENBERG and 527540 ONTARIO LIMITED Appointee MNP Ltd. Appointee role receiver and manager Commencement date 16 June 2014 + 4 more extracted facts	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., “Metropolis Properties Inc” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/metropolis-properties-inc