Proceedings.

Moatfield Drive

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Proceeding
Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended, and section 101 of the Courts of Justice Act, R.S.O. 1990, c C.43, as amended
Court
Ontario Superior Court of Justice · Commercial List
File
CV-24-00723994-00CL
Filings held50
Last activity26 Aug 2026
On the record755 days
OverviewSummary updated

Moatfield Drive is the subject of an active bankruptcy proceeding under the Bankruptcy and Insolvency Act, before the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), Commercial List, under court file number CV-24-00723994-00CL. No further steps in the proceeding are on the record.

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Case updates50 dated entries

47 earlier updates, back to 27 August 2024 — subscribers.

Parties

Debtor

Moatfield Drive

Receiver

EY

Capital structureAs asserted in the filings
Priority classCreditorAmountSource
Deemed trusts (CRA and other)His Majesty the King in Right of Canada (Canada Revenue Agency) · in 12 casesRegistered lien on title to the Real Property arising from a CRA Requirement to Pay (RTP), registered March 18, 2024. — Deemed-trust/tax lien class claim. The underlying RTP (approx. $1.18 million) was subsequently revoked by the CRA, but the registered lien remains on title to the Real Property per the affidavit. — debtor: 13995291 Canada Inc. · as of 18 Mar 2024$1.18MApplication Record

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.

3 more claims across lower-ranking classesSubscribe to view⁠
Sale processAs stated in the filings

2 transactions · 1 closed · 1 approved — The Sale Transaction closed on June 4, 2026 after two extensions.Fourth Report of the Receiver, dated July 14, 2026 · 14 Jul 2026

NDAs signed

23

Fourth Report of the Receiver, dated July 14, 2026

Bids received

6

Fourth Report of the Receiver, dated July 14, 2026

PurchaserPriceStatusSource
1001198779 Ontario Inc.the assets, undertakings and properties of 13995291 Canada Inc. ... including the real property described at Schedule 'A' · real property · agreement 4 Nov 2025SubscribersClosed4 Jun 2026Fourth Report of the Receiver, dated July 14,…
1001198779 Ontario Inc.the Debtor's rights, title and interest in the Moatfield Property, leases and rental agreements, any contracts elected to be assumed by the Purchaser in accordance with the APS, and the Fixtures · real property · agreement 6 Nov 2025SubscribersApprovedThird Report of the Receiver
AdvisorsCushman & Wakefield (listing broker)Fourth Report of the Receiver, dated July 14, 2026
Sealed materialsConfidential Appendices comprising bid summary and unredacted Sale AgreementAncillary Relief Order, dated December 11, 2025
RecoveriesAs stated in the filings

Bank of China (Canada): shortfall.EstimatedFourth Report of the Receiver · 14 Jul 2026

ClassCreditorClaimsRecoveryBasisSource
SecuredBOCCBank of China (Canada)—shortfallEstimatedper the receiverFourth Report of the Receiver · 14 Jul 2026

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

2 engagements · 2 firms — latest: Aird & Berlis LLP, —Motion Record · 23 Jul 2026

FirmPeriodHoursFeesRatesSource
Aird & Berlis LLPCounsel————Motion Record · 23 Jul 2026
Ernst & Young Inc.Receiver————Motion Record · 23 Jul 2026
1 stated figure across 2 engagements, each sourcedSubscribe to view⁠
Estate financialsReported figures — never derived

Cash on hand

$36.4M

As at 14 Jul 2026Fourth Report of the Receiver, dated July 14, 2026

1 more reported figure, as at 14 Jul 2026Subscribe to view⁠
Documents
50 filings
DateDocumentFile
Certificate of AppointmentPDF · Subscribers
Creditors' Package
PDF · Subscribers
Bankruptcy Assignment Order, dated July 23, 2026PDF · Subscribers
Distribution and Ancillary Relief Order, dated July 23, 2026PDF · Subscribers
Motion Record (Bankruptcy Assignment Order), returnable July 23, 2026PDF · Subscribers
Motion Record, returnable July 23, 2026
  • Recovery outcome Entries: per estimated · Stated on: 2026-07-14 · Table missing:
  • Fee schedule Subscribers
PDF · Subscribers
Supplemental Motion Record of Bank of China, dated July 21, 2026
  • Court SUPERIOR COURT OF JUSTICE COMMERCIAL LIST
  • Court file no CV-24-00723994-00CL
  • Financial position · Secured creditors Subscribers
  • + 1 more extracted fact
PDF · Subscribers
Factum of Bank of China (Canada), dated July 20, 2026PDF · Subscribers
Factum of the Receiver (Ernst & Young Inc.)PDF · Subscribers
Fourth Report of the Receiver, dated July 14, 2026
  • Closing confirmed Closed · 4 Jun 2026 · 1001198779 Ontario Inc.
  • Cash on hand · Disbursements · Fee schedule Subscribers
  • + 12 more extracted facts
PDF · Subscribers
Endorsement of the Court of Appeal for OntarioPDF · Subscribers
Factum of the AppellantsPDF · Subscribers
Factum of the ReceiverPDF · Subscribers
Motion Record of the Receiver
  • Recovery outcome Entries: per unstated · Table missing:
PDF · Subscribers
Third Report of the Receiver
  • Operational summary The Debtor is a holding company whose only asset is the mostly-vacant Moatfield office property; the Receiver is proceeding toward closing of the court-approved sale of the property while resisting an appeal challenging the sale approval order.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 10 more extracted facts
PDF · Subscribers
Appellant’s Certificate Respecting EvidencePDF · Subscribers
Notice of AppealPDF · Subscribers
Ancillary Relief Order, dated December 11, 2025
  • Purchaser 1001198779 Ontario Inc. · the assets, undertakings and properties of 13995291 Canada Inc. ... including the real property described at Schedule 'A' · real property · approved
  • Sale outcome Sale approved — Sale Agreement between Receiver and Purchaser approved via approval of the Second Report and sealing of Confidential Appendices pending closing
  • Sealed items Confidential Appendices comprising bid summary and unredacted Sale Agreement
  • Stalking horse Subscribers
PDF · Subscribers
Approval and Vesting Order, dated December 11, 2025
  • Order date 11 December 2025
  • Sale outcome Sale approved — The Transaction is approved by the Court.
  • Stalking horse Subscribers
PDF · Subscribers
Endorsement of Black, J., dated December 11, 2025
  • Presiding officer Justice Black
PDF · Subscribers
Factum of the Receiver, dated December 8, 2025PDF · Subscribers
Motion Record - Part 1 of 2PDF · Subscribers
Motion Record - Part 2 of 2
PDF · Subscribers
Second Report of the Receiver - Part 1 of 2
  • Operational summary The Receiver has been managing the Moatfield Property through a property manager, addressing tenancy defaults and lease terminations, resolving the Conterra and AZVB disputes, negotiating a further lease extension with anchor tenant Hitachi for a reduced lab area, and conducting a court-approved sale process culminating in an APS for the property, now seeking approval and vesting order.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 9 more extracted facts
PDF · Subscribers
Second Report of the Receiver - Part 2 of 2
  • Fee schedule · Financial position · Stalking horse Subscribers
PDF · Subscribers
Endorsement of Steele, J., dated March 3, 2025
  • Presiding officer Justice Steele
PDF · Subscribers
Order, dated March 3, 2025PDF · Subscribers
Revised Aide Memoire of the Receiver, dated March 2, 2025PDF · Subscribers
Endorsement of Steele, J., dated February 24, 2025
  • Presiding officer Justice Steele
PDF · Subscribers
Sales Process Order, dated February 24, 2025
  • Sale advisor Cushman & Wakefield ULC (listing broker)
  • Sale outcome Sale process approved — Sale Process approved for the Moatfield Property
  • Break fee · Stalking horse Subscribers
PDF · Subscribers
Supplementary Affidavit of Fan Zhou, dated February 20, 2025PDF · Subscribers
Endorsement of Steele, J., dated February 18, 2025
  • Presiding officer Justice Steele
PDF · Subscribers
Motion Record, returnable February 18, 2025
PDF · Subscribers
Order, dated February 18, 2025PDF · Subscribers
Supplementary Motion Record, returnable February 18, 2025PDF · Subscribers
Factum of the Receiver, dated February 15, 2025PDF · Subscribers
Factum of the Respondent, dated February 14, 2025PDF · Subscribers
Responding Record, dated February 14, 2025PDF · Subscribers
Supplement to the First Report of the Receiver, dated February 14, 2025
  • Operational summary The receiver is pursuing outstanding rent from five non-paying tenants at the Moatfield Property, having issued breach notices requiring payment of arrears by February 28, 2025, failing which leases would be terminated subject to court approval.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
First Report of the Receiver, dated February 10, 2025
  • Fee schedule · Financial position · Secured creditors Subscribers
PDF · Subscribers
Written reasons as a follow up to the EndorsementPDF · Subscribers
Appointment Order (entered)
  • Applicant Bank of China (Canada)
  • Appointee Ernst & Young Inc.
  • Appointee role receiver
  • Commencement date 27 August 2024
  • + 5 more extracted facts
PDF · Subscribers
EndorsementPDF · Subscribers
Responding RecordPDF · Subscribers
Written Submissions of the RespondentPDF · Subscribers
Affidavit of James Grisdale
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Applicant's FactumPDF · Subscribers
Aide Memoire of the ApplicantPDF · Subscribers
Supplementary Application RecordPDF · Subscribers
Application Record
  • Applicant BANK OF CHINA (CANADA)
  • Appointee Ernst & Young Inc.
  • Appointee role Receiver
  • Commencement date 1 August 2024
  • + 7 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., “Moatfield Drive” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 20 September 2026, https://proceedings.ca/case/moatfield-drive

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Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/moatfield-drive

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.