Phe-Naz Inc.
Follow- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, and section 101 of the Courts of Justice Act
- File
- CV-23-00701232-00CL
Phe-Naz Inc. is the subject of a court-appointed receivership in the Ontario Superior Court of Justice (Commercial List), with The Fuller Landau Group Inc. appointed receiver and manager on the application of DUCA Financial Services Credit Union Ltd. under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act (court file CV-23-00701232-00CL). DUCA holds a first-ranking charge over the Gore and Huron Properties (registered principal $1,793,000) and is owed $831,771.52 on Loan A and $886,330.93 on Loan B. Nazem Kadri, the debtor's principal, provided an unconditional guarantee, and the Bank of Nova Scotia holds PPSA registrations over two Mercedes-Benz G-Class vehicles.
Motion Record - Receiver - The Fuller Landau Group Inc. - 29-Jul-2024 — Application / notice of application
4 earlier updates, back to 11 March 2024 — subscribers.
Debtor
Phe-Naz Inc.
Receiver
Fuller Landau
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | DUCA Financial Services Credit Union Ltd. · in 17 casesFirst-ranking charge/mortgage (registered principal $1,793,000, blanketed over the Gore and Huron Properties, registered March 5, 2021); general assignment of rents; general security agreement — Loan A; per diem interest of $83.50 accruing after this date — debtor: Phe-Naz Inc. · as of 13 Apr 2023 | $832K | Motion Record - Returnable March 11, 2024 |
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.
5 engagements · 2 firms — latest: Cassels Brock & Blackwell LLP, 3 Jun – 26 Jul 2024Motion Record - Receiver - The Fuller Landau Group Inc. - 29-Jul-2024 · 29 Jul 2024
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Cassels Brock & Blackwell LLPCounsel to the receiverperiod 3 of 3 | 3 Jun – 26 Jul 2024 | — | — | —8 people | Motion Record - Receiver - The Fuller Landau Group Inc. - 29-Jul-2024 · 29 Jul 2024 |
| Cassels Brock & Blackwell LLPCounsel to the receiverperiod 3 of 3 | to 26 Jul 2024 | — | — | —4 people | Motion Record - Receiver - The Fuller Landau Group Inc. - 29-Jul-2024 · 29 Jul 2024 |
| Cassels Brock & Blackwell LLPCounsel to the receiverperiod 1 of 3 | 3 Jun – 25 Jun 2024 | — | — | —6 people | Motion Record - Receiver - The Fuller Landau Group Inc. - 29-Jul-2024 · 29 Jul 2024 |
| The Fuller Landau Group Inc.Receiverperiod 2 of 2 | 1 Jul – 26 Jul 2024 | — | — | —3 people | Motion Record - Receiver - The Fuller Landau Group Inc. - 29-Jul-2024 · 29 Jul 2024 |
| The Fuller Landau Group Inc.Receiverperiod 1 of 2 | 1 Jun – 30 Jun 2024 | — | — | —3 people | Motion Record - Receiver - The Fuller Landau Group Inc. - 29-Jul-2024 · 29 Jul 2024 |
| Date | Document | File |
|---|---|---|
Order
| PDF · Subscribers | |
Motion Record - Receiver - The Fuller Landau Group Inc. - 29-Jul-2024
| PDF · Subscribers | |
| Order - W.D. Black J - 21-JUN-2024 | PDF · Subscribers | |
Motion Record - Receiver - The Fuller Landau Group Inc. 14-JUN-2024 (003)
| PDF · Subscribers | |
Endorsement
| PDF · Subscribers | |
Motion Record - Returnable March 11, 2024
| PDF · Subscribers | |
Receivership Order
| 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., “Phe-Naz Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/phe-naz-inc