#Order
Justice M. G. Emery of the Ontario Superior Court of Justice granted the receivership order on August 19, 2025, appointing Grant Thornton Limited as receiver of Plant Financial Inc.
Plant Financial Inc
FollowActive
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-25-00004276-0000
OverviewSummary updated
Plant Financial Inc. is in receivership before the Ontario Superior Court of Justice. Royal Bank of Canada applied on August 6, 2025, and Justice M. G. Emery granted the receivership order on August 19, 2025 under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, naming Grant Thornton Limited receiver. RBC's application set out secured debt across the corporate group: 1000210687 Ontario Inc. owed $1,766,779.41, secured by a mortgage on its Torbram property; 2867257 Ontario Inc. owed $455,013.56, secured by a mortgage on its Derry property; and Planet Financial Inc. owed $283,480.30 across revolving, lease and credit-card facilities, all as of July 23, 2025.
Proceedings AIAsk this case — answers cite the filings
Case updates5 dated entries
2 earlier updates, back to 19 August 2025 — subscribers.
Parties
Debtor
Plant Financial Inc
Receiver
Doane Grant Thornton
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Emery | Ontario Superior Court of Justice | 2 orders, Aug 2025 | 8 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorRoyal Bank of Canada | Harrison Pensa LLP | 19 Aug 2025 | Factum · 19 Aug 2025 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 556 casesFixed Rate Term Loan (non-revolving), facility limit $1,800,000.00; General Security Agreement dated Aug 22, 2022 (100 GSA); Torbram Mortgage - Charge/Mortgage of Land, principal sum $1,800,000.00, instrument PR4108928 registered Aug 31, 2022, first charge on Torbram Property, governed by SCT 20015; Guarantees from Gaurav and Nidhi, Planet, and 286 each limited to $1,800,000.00 — Confirmed by demand letter dated July 24, 2025 breaking down: Overdraft $698.18 + Fixed Rate Demand Loan $1,766,081.23 = $1,766,779.41 — debtor: 1000210687 Ontario Inc. (100) · as of 23 Jul 2025 | $1.77M | Application Record of the Applicant returnable August 19, 2025.pdf |
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.
Documents5 filings
| Date | Document | File |
|---|---|---|
Application Record of the Applicant returnable August 19, 2025.pdf
| PDF · Subscribers | |
Book of Authorities of the Applicant returnable August 19, 2025.pdf
| PDF · Subscribers | |
Endorsement of Justice M. G. Emery dated August 19, 2025.pdf
| PDF · Subscribers | |
Factum of the Applicant returnable August 19, 2025.pdf
| PDF · Subscribers | |
Receivership Order dated August 19, 2025.pdf
| 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., “Plant Financial Inc” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/plant-financial-inc