2516561 Ontario Inc. (Oshawa Kingsway Motel)
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-25-00003351-0000
2516561 Ontario Inc., operating as the Oshawa Kingsway Motel, was placed in receivership on August 27, 2026, when the Ontario Superior Court of Justice appointed MNP Ltd. as receiver on the application of The Toronto-Dominion Bank under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, in court file CV-25-00003351-0000. The Bank's loan has been in default since February 2023; it demanded payment on September 5, 2023 and obtained default judgment on June 21, 2024, against which $23,974.98 was paid. Its affidavit chart puts the total outstanding at $907,870.08 as of August 13, 2026, including a $59,916.63 CEBA component advanced unsecured. TD's security includes a general security agreement dated August 11, 2016 and a $943,500 charge over 695 King St E, Oshawa.
Court appointed MNP Ltd. receiver of 2516561 Ontario Inc. on TD's application under BIA s. 243(1) and Courts of Justice Act s. 101.
Source: Order Appointing Receiver
Debtor
2516561 Ontario Inc. (Oshawa Kingsway Motel)
Receiver
MNP
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantTorontoDominion Bank | Chaitons LLP | 27 Aug 2026 | Order · 27 Aug 2026 |
| CreditorBank of Montreal | Chaitons LLP | 17 Aug 2026 | Factum · 17 Aug 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | The Toronto-Dominion Bank · in 121 casesGeneral Security Agreement dated August 11, 2016; Charge/Mortgage in principal amount of $943,500 registered August 19, 2016 as instrument DR1507230 against 695 King St E, Oshawa; Standard Charge Terms No. 8520; personal guarantees (Nisha, Samit, Bhartiben, Pravinchandra S. Patel and Pushpaben Patel), jointly and severally, limited to $235,875 on the Loan and unlimited on the other facilities. Original facility amounts: CSBFA Loan $943,500 principal (original advance, not a balance); $20,000 overdraft; $5,000 Visa. — Amount is the total outstanding stated in the Samara affidavit chart (page 45 · as of 13 Aug 2026 | $908K | Application Record of the Applicant |
| 4 | Secured | |||
| 4 | Secured | |||
| 5 | PMSI / lessors | |||
| 8 | Unsecured |
4 more claims in 3 classes The stack holds Secured, PMSI / lessors and Unsecured claims.
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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 |
|---|---|---|
| Appointment Certificate | PDF · Subscribers | |
Endorsement of Justice Gilliam
| PDF · Subscribers | |
Order Appointing Receiver
| PDF · Subscribers | |
Application Record of the Applicant
| PDF · Subscribers | |
Factum of the Applicant
| 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., “2516561 Ontario Inc. (Oshawa Kingsway Motel)” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/oshawa-kingsway-motel