Multimedia Nova Corporation was placed in court-appointed receivership on 14 June 2013 by the Ontario Superior Court of Justice, under subsection 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-13-10131-00CL). The Fuller Landau Group Inc. was appointed as receiver. Secured claims include $4,167,689.14 owed to the Royal Bank of Canada and $335,689.14 to BDC Capital Inc., while unsecured creditors are reported at $1,448,133.19. A statement of assets as at 28 May 2013 totalled $9,700,000, including an intercompany receivable of $7,670,000. The proceeding remains active.
The officer filed report no. Interim Report under Section 246(2). The receiver continues to collect accounts receivable and sale proceeds, and based on realizations to date there may be insufficient funds to repay secured creditors, leaving nothing for other creditors.
The court granted an approval and vesting order. Court file CV-13-10131-00CL.
Source: approval and vesting order morawetz j june 14 2013.pdf
The court granted an interim order on 14 June 2013, appointing The Fuller Landau Group Inc. as receiver.
Source: approval and vesting order morawetz j june 14 2013.pdf
Debtor
Multimedia Nova Corporation
Receiver
Fuller Landau
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Morawetz | Ontario Superior Court of Justice | 1 order, May 2013 | 130 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverFuller Landau | Davis LLP (now Dla Piper LLP) | 18 Jun 2013 | Service list · 18 Jun 2013 |
| ApplicantRoyal Bank of Canada | Aird & Berlis LLP | 18 Jun 2013 | Service list · 18 Jun 2013 |
| CreditorBDC Capital Inc | Borden Ladner Gervais LLP | 18 Jun 2013 | Service list · 18 Jun 2013 |
| CreditorMerit Paper & Bag Company Limited | Clark, Farb, Fiksel | 18 Jun 2013 | Service list · 18 Jun 2013 |
| CreditorRoyal Bank of Canada | Aird & Berlis LLP | 28 May 2013 | Order · 28 May 2013 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 556 casesGSA and Trade-Mark and Patent Security Agreement — debtor: Multimedia Nova Corporation · as of 28 May 2013 | $4.17M | receiver notice - nova.pdf |
| 4 | Secured | BDC Capital Inc. · in 30 casesGSA — debtor: Multimedia Nova Corporation · as of 28 May 2013 | $336K | receiver notice - nova.pdf |
| 4 | Secured | Carmela Cusma · in 2 casesPromissory Note — Individual creditor; relationship to debtor not stated — debtor: Multimedia Nova Corporation · as of 28 May 2013 | $269K | receiver notice - nova.pdf |
| 4 | Secured | Gianna MarcantonioPromissory Note — Individual creditor; relationship to debtor not stated — debtor: Multimedia Nova Corporation · as of 28 May 2013 | $194K | receiver notice - nova.pdf |
| 4 | Secured | James Walsh · in 2 casesPromissory Note — Individual creditor; relationship to debtor not stated — debtor: Multimedia Nova Corporation · as of 28 May 2013 | $147K | receiver notice - nova.pdf |
| 4 | Secured | NewPark Construction Inc. · in 2 casesPromissory Note — debtor: Multimedia Nova Corporation · as of 28 May 2013 | $102K | receiver notice - nova.pdf |
| 4 | Secured | RDA Inc. · in 4 casesPromissory Note — debtor: Multimedia Nova Corporation · as of 28 May 2013 | $77.5K | receiver notice - nova.pdf |
| 4 | Secured | Anthony Scarpino · in 2 casesPromissory Note — Individual creditor; relationship to debtor not stated — debtor: Multimedia Nova Corporation · as of 28 May 2013 | $50.8K | receiver notice - nova.pdf |
| 4 | Secured | Doreen Iannuzzi · in 3 casesPromissory Note — Individual creditor; relationship to debtor not stated — debtor: Multimedia Nova Corporation · as of 28 May 2013 | $15.5K | receiver notice - nova.pdf |
| 4 | Secured | MCAP Leasing Inc. · in 6 casesLeased equipment — Amount stated as 'Unknown' in document — debtor: Multimedia Nova Corporation · as of 28 May 2013 | — | receiver notice - nova.pdf |
| 4 | Secured | De Lage Landen Financial Services Canada · in 8 casesLeased equipment — Amount stated as 'Unknown' in document — debtor: Multimedia Nova Corporation · as of 28 May 2013 | — | receiver notice - nova.pdf |
| 8 | Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesDetailed listing of individual creditors is in Appendix A, not included in provided pages — debtor: Multimedia Nova Corporation · as of 28 May 2013 | $1.45M | receiver notice - nova.pdf |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Sale approved — Sale Process, Auction Agreement, and Transaction approved by the Courtapproval and vesting order morawetz j june 14 2013.pdf · 14 Jun 2013
| Purchaser | Price | Status | Source |
|---|---|---|---|
| purchaser(s) of Fixed Assets sold via auction, unnamedsome or all of the Fixed Assets as described in the Auction Agreement · auction | not stated | Approved14 Jun 2013 | approval and vesting order morawetz j june 14… |
As at 28 May 2013 · per Approximate net book value · Multimedia Nova Corporation (entity-level, assets subject to receivership) — Figures in $000's per document header; components are Intercompany receivable 7,670; Accounts receivable 932; Fixed assets 753; Goodwill 276; Prepaids 69; Total 9,700 (in thousands)
Cumulative receipts
$480K
As at 28 May 2015Interim Report Under Section 246(2) to May 28, 2015
Cumulative disbursements
$462K
As at 28 May 2015Interim Report Under Section 246(2) to May 28, 2015
Professional fees to date
$124K
As at 28 May 2015Interim Report Under Section 246(2) to May 28, 2015
| Date | Document | File |
|---|---|---|
Interim Report Under Section 246(2) to May 28, 2015
| ||
| 246(2) Nova to November 28, 2014 | ||
| 246(2) nova to may 28-14.pdf | ||
| interim report under section 246(2) - nova.pdf | ||
service list for website - updated june 18 2013.pdf
| ||
approval and vesting order morawetz j june 14 2013.pdf
| ||
endorsement morawetz j june 14 2013.pdf
| ||
receiver notice - nova.pdf
| ||
receivership order morawetz j - multicom media may 28 2013 2.pdf
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Multimedia Nova Corporation” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/multimedia-nova-corporation
Sources last checked · summary updated 24 August 2026 · Report a correction · Printed from proceedings.ca/case/multimedia-nova-corporation
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.