Oak Bay Developments Inc.
Follow- Proceeding
- Receivership (court-appointed)subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- 14-10703-00CL
Oak Bay Developments Inc. has been under court-appointed receivership in Ontario since November 12, 2014, when the Ontario Superior Court of Justice (Commercial List) appointed Deloitte Restructuring Inc. as receiver on the application of Romas Kartavicius under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The proceeding is carried under court file CV-14-10703-00CL and remains active. Secured claims registered against the Port Severn units as at the order date include $8,045,000 owing jointly to First Source Mortgage Corporation and Romspen Investment Corporation, $7,149,963 to Kartavicius and Earl Storie, $4,483,032 to Industrial and Commercial Bank of China (Canada) and $3,647,917 to Bernard Torchia. The receiver's unsecured creditor list is dominated by trade contractors, led by Charles Morden Construction Inc. at $211,277.53 and Nelmar Drywall Company Limited at $132,139.83.
12 earlier updates, back to 12 November 2014 — subscribers.
Debtor
Oak Bay Developments Inc.
Receiver
Deloitte
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Pattillo | Ontario Superior Court of Justice | 3 orders, Mar 2015 – Jun 2015 | 69 cases on record |
| Justice Conway | Ontario Superior Court of Justice | 2 orders, Jun 2015 | 285 cases on record |
| Justice Wilton-Siegel | Ontario Superior Court of Justice | 2 orders, Nov 2014 | 104 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorOrder | Blaney McMurtry LLP | 27 Mar 2015 | Order · 27 Mar 2015 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | First Source Mortgage Corporation and Romspen Investment Corporationas of receivership order date (November 12, 2014) — Security on property described (Port Severn units) — combined amount for two co-lenders as reported — debtor: Oak Bay Developments Inc. | $8.04M | Notice and Statement of the Receiver |
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.
2460112 Ontario Inc. ("2460112"): a distribution.Motion Record - Volume 1 of 2 · 2 Jun 2015
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | 2460112 Ontario Inc. ("2460112") | — | a distribution | per the receiver | Motion Record - Volume 1 of 2 · 2 Jun 2015 |
| Secured | Industrial and Commercial Bank of China (Canada) ("ICBK") | — | a distribution | per the receiver | Motion Record - Volume 1 of 2 · 2 Jun 2015 |
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.
1 engagement · 1 firm — Deloitte Restructuring Inc., 14 Mar – 8 May 2015Motion Record - Volume 2 of 2 · 5 Jun 2015
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Deloitte Restructuring Inc.Receiver | 14 Mar – 8 May 2015 | — | — | ••• | Motion Record - Volume 2 of 2 · 5 Jun 2015 |
| Date | Document | File |
|---|---|---|
Endorsement of Justice Pattillo dated June 22, 2015
| PDF · Subscribers | |
Motion Record Returnable June 22, 2015
| PDF · Subscribers | |
Order of Justice Pattillo issued and entered June 22, 2015
| PDF · Subscribers | |
Endorsement of Justice Conway dated June 12, 2015
| PDF · Subscribers | |
Order of Justice Conway dated June 12, 2015
| PDF · Subscribers | |
Motion Record - Volume 1 of 2
| PDF · Subscribers | |
Motion Record - Volume 2 of 2
| PDF · Subscribers | |
| Endorsement of Justice Pattillo dated March 27, 2015 | PDF · Subscribers | |
Motion Record Returnable March 27, 2015
| PDF · Subscribers | |
Order of Justice Pattillo dated March 27, 2015
| PDF · Subscribers | |
Notice and Statement of the Receiver
| PDF · Subscribers | |
Appointment Order of Justice Wilton-Siegel dated November 12, 2014
| PDF · Subscribers | |
Endorsement of Justice Wilton-Siegel dated November 12, 2014
| PDF · Subscribers | |
Notice of Motion for Substitution of Receiver
| PDF · Subscribers | |
Application Record for the Appointment of Receiver
| 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., “Oak Bay Developments Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/oak-bay-developments-inc