Milestone Marble & Granite Ltd.
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CV-24-00720368-00CL
Milestone Marble & Granite Ltd. was placed in court-appointed receivership under BIA s. 243 by order of the Ontario Superior Court of Justice dated June 12, 2024, in Court File No. CV-24-00720368-00CL; the proceeding is closed. The applicant was Milestone Distribution 2024 Ltd., a company controlled by directors and majority shareholders Frank Arlotta and Laura Moscone, which took an assignment on February 29, 2024 of the secured debt and general security agreements of Group of Six Enterprises Ltd., Laura Moscone and Falcon Enterprises Corp., and claimed $914,724.94 as at May 8, 2024. Unaudited internal statements as at May 31, 2024 showed assets of $1,299,098 against liabilities of $2,322,461, a shareholder equity deficit of $1,023,363. A sale process ran to a bid deadline of July 16, 2024, with a stalking horse offer from the applicant contemplating assumption of the Business Development Bank of Canada obligations.
Motion Record of the Receiver returnable August 9, 2024 — Application / notice of application
The court approved a sale and investment solicitation process. A bid deadline of 2024-07-16.
Source: Sale Process
Placed the debtor into court-appointed receivership under Ontario Superior Court of Justice file CV-24-00720368-00CL, on order dated Wednesday, June 12, 2024.
Debtor
File Documents
Receiver
Albert Gelman
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Kimmel | Ontario Superior Court of Justice | 3 orders, Aug 2024 | 198 cases on record |
| Justice Black | Ontario Superior Court of Justice | 2 orders, Jun 2024 | 198 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantMilestone Distribution 2024 Ltd | Loopstra Nixon LLP | 3 Jun 2024 | Service list · 3 Jun 2024 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Milestone Distribution 2024 Ltd. (as assignee of Group of Six Enterprises Ltd., Laura Moscone, and Falcon Enterprises Corp.)General Security Agreements over all present and after-acquired property: dated May 3, 2023 in favour of Group of Six Enterprises Ltd. (securing a promissory note with original principal of $171,100.00); dated May 3, 2023 in favour of Laura Moscone (securing a promissory note with original principal of $31,900.00); and dated August 30, 2019 in favour of Falcon Enterprises Corp. (securing a promissory note with original principal of $381,373.00). All indebtedness and security assigned to the Applicant pursuant to three assignment agreements executed February 29, 2024. — Related party: Laura Mos · as of 8 May 2024 | $915K | Application Record (returnable June 12, 2024) |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
3 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 plansClosed · the record states no distribution outcome.
3 engagements · 2 firms — latest: Albert Gelman Inc., 19 Dec 2023 – 28 Jul 2024First Report of the Receiver · 30 Jul 2024
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Albert Gelman Inc.Receiverperiod 2 of 2 | 19 Dec 2023 – 28 Jul 2024 | — | — | First Report of the Receiver · 30 Jul 2024 | |
| Albert Gelman Inc.Receiverperiod 1 of 2 | the Period | — | — | Motion Record of the Receiver · 30 Jul 2024 | |
| Reconstruct LLPCounsel to the receiver | 19 Dec 2023 – 28 Jul 2024 | 1 person | First Report of the Receiver · 30 Jul 2024 | ||
8 blurred figures above
What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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See all plansAs at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Receiver’s Discharge Certificate – May 30, 2025 | PDF · Subscribers | |
Ancillary Order dated August 9, 2024
| PDF · Subscribers | |
Approval and Vesting Order dated August 9, 2024
| PDF · Subscribers | |
Endorsement of Justice Kimmel dated August 9, 2024
| PDF · Subscribers | |
First Report of the Receiver dated July 30, 2024
| PDF · Subscribers | |
Motion Record of the Receiver returnable August 9, 2024
| PDF · Subscribers | |
Endorsement of Justice Black dated June 12, 2024
| PDF · Subscribers | |
Receivership Order dated June 12, 2024
| PDF · Subscribers | |
Sale Process
| PDF · Subscribers | |
| Teaser | PDF · Subscribers | |
Pre-Filing Report of the Receiver dated June 8, 2024
| PDF · Subscribers | |
Application Record (returnable June 12, 2024)
| PDF · Subscribers | |
Service List as at June 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., “Milestone Marble & Granite Ltd.” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 4 November 2026, https://proceedings.ca/case/milestone-marble-granite-ltd