NATURSTONE INC.
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the "BIA") and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended (the "CJA")
- File
- CV-17-11685-00CL
Naturstone Corporation's secured creditor positions rest on two registered interests. Paisley Management Inc. holds a first-ranking General Security Agreement dated October 14, 2011, perfected by PPSA registration on June 14, 2012 and backed by predecessor security from a 2008 GSA, plus a charge/mortgage registered October 19, 2012 against PIN 49032-0012 for a $1,000,000 principal amount. A Demand for Payment dated October 21, 2016 put Paisley's claim at $984,028.38 CAD plus interest, costs and fees to the date of payment. Gayle Borer holds a second, subsequent PPSA registration dated July 17, 2012 over all collateral classes except consumer goods, along with a charge on the same title registered after Paisley's; no amount is stated for this claim.
The court appointed HPI Advisory Inc. as receiver, on the application of Paisley Management Inc.. Court file CV-17-11685-00CL.
Debtor
NATURSTONE INC.
Receiver
Harris & Partners
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Conway | Ontario Superior Court of Justice | 2 orders, Feb 2017 | 310 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantPaisley Management Inc | Thornton Grout Finnigan LLP | 3 Feb 2017 | Service list · 3 Feb 2017 |
| DebtorNATURSTONE INC. | McMillan LLP | 3 Feb 2017 | Service list · 3 Feb 2017 |
| CreditorHPI Advisory Inc., in its above-referenced capacities | Aird & Berlis LLP | 3 Feb 2017 | Service list · 3 Feb 2017 |
| CreditorPaisley Management Inc | Thornton Grout Finnigan LLP | 1 Feb 2017 | Factum · 1 Feb 2017 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Paisley Management Inc.General Security Agreement dated October 14, 2011 (2011 GSA) over all personal property, except consumer goods, perfected by PPSA registration June 14, 2012 (first registration); predecessor security via General Security Agreement dated June 30, 2008 (2008 GSA) granted by 1113045 Ontario Inc.; Charge/Mortgage registered October 19, 2012 as Instrument No. BS103848 against PIN 49032-0012 (LT), principal amount $1,000,000 plus interest and fees — Amount stated in Demand for Payment dated October 21, 2016, together with all interest, costs and fees to date of payment; is first-ranking PPSA registr · as of 21 Oct 2016 | $984K | Application Record |
| Secured |
1 more claim in 1 class The stack holds Secured claims.
Every creditor and every amount.
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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.
| Date | Document | File |
|---|---|---|
| Motion Record Returnable April 7, 2017 | PDF · Subscribers | |
Appointment Order of Justice Conway
| PDF · Subscribers | |
Endorsement of Appointment Order of Justice Conway
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Application Record
| PDF · Subscribers | |
Factum
| PDF · Subscribers | |
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CiteProceedings., “NATURSTONE INC.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/naturstone-inc