Port Daniel Holdings Inc.
Follow- Proceeding
- Receivership (court-appointed)section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended
- File
- CV-24-00726933-00CL
Port Daniel Holdings Inc. was placed in court-appointed receivership on 7 November 2024, when the Ontario Superior Court of Justice appointed The Fuller Landau Group Inc. as receiver under section 101 of the Courts of Justice Act, on the application of Paul McCallion, a shareholder. The Toronto-Dominion Bank holds the principal secured claim, its payout stated at $529,565.75 with interest accruing at $88.30 a day. The City of Mississauga is owed $37,149.57 in property taxes, and the Canada Revenue Agency source-deduction and HST arrears.
The officer filed report no. Supplement to the Second Report. The Receiver is addressing environmental issues at the Farm Property, seeking authority to market it 'as-is' for sale while withholding offers pending a soil risk assessment, and reserving conditional authority to assign PDHI into bankruptcy if no viable path out of insolvency emerges.
Source: Supplement to the Second Report of the Receiver - The Fuller Landau Group Inc. - 13-MAR-2026
Motion Record of the Receiver - The Fuller Landau Group Inc. - 06-MAR-2026 5 — Application / notice of application
The court granted an approval and vesting order for the sale to 1001162698 Ontario Inc. Closing terms, as extracted: vesting effective upon delivery of Receiver's Certificate confirming payment, satisfaction/waiver of closing conditions, and completion of the Transaction.
Source: Approval and Vesting Order
Motion Record of the Receiver - The Fuller Landau Group Inc. - 2025-MAR-20 2 — Application / notice of application
The officer filed report no. First Report. The Receiver took possession of PDHI's two real properties, terminated the sole employee, collected rent, addressed environmental/regulatory issues at the Farm Property, and ran a marketing and sale process for the Shop Property culminating in an agreement of purchase and sale now before the Court for approval.
Source: First Report of the Court-Appointed Receiver dated March 20, 2025
The officer filed a report. Court file CV-24-00726933-00CL.
Source: Second Report of the Receiver - The Fuller Landau Group Inc. - 04-MARCH-2026 2
Debtor
Port Daniel Holdings Inc.
Receiver
Fuller Landau
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | The Toronto-Dominion Bank (TD) · in 111 casesFirst-ranking $250,000 mortgage registered against Shop Property and Farm Property; first-ranking General Security Agreement dated September 7, 2007 registered under Ontario PPSA — Prose approximation in application materials was 'approximate amount of $500,000' for a loan and credit card; payout statement figure is exact balance as at March 19, 2025 with interest continuing to accrue at $88.30/day. Legal opinion from Loopstra Nixon confirms validity/enforceability of security. — debtor: Port Daniel Holdings Inc. · as of 19 Mar 2025 | $530K | Second Report of the Receiver - The Fuller Landau Group Inc. - 04-MARCH-2026 2 |
| 4 | Secured | Paul McCallion (Applicant)Receiver's borrowing charge pursuant to Receiver's Certificate dated December 20, 2024, subordinate only to the Receiver's Charge — Related party (shareholder/Applicant) advanced $15,000 (Advanced Funds) plus 2% monthly interest plus Bank of Canada Prime; amount is principal plus accrued interest to March 10, 2025, continuing to accrue. — debtor: Port Daniel Holdings Inc. · as of 10 Mar 2025 | $15.2K | Second Report of the Receiver - The Fuller Landau Group Inc. - 04-MARCH-2026 2 |
| 7 | Preferred (BIA s. 136) | City of Mississauga (unpaid property taxes) · in 7 casesPreferred/priority municipal tax claim to be paid from closing proceeds; accrued interest continues — debtor: Port Daniel Holdings Inc. · as of 6 Mar 2025 | $37.1K | Second Report of the Receiver - The Fuller Landau Group Inc. - 04-MARCH-2026 2 |
| 8 | Unsecured | Paul McCallion (Applicant costs award)Inclusive of HST; priority payment ordered by court, not a trade unsecured claim — debtor: Port Daniel Holdings Inc. · as of 19 Mar 2025 | $71.8K | Second Report of the Receiver - The Fuller Landau Group Inc. - 04-MARCH-2026 2 |
| 8 | Unsecured | Canada Revenue Agency (CRA) - unremitted payroll source deductions · in 926 casesExcludes penalties and interest; deemed trust class (CRA claim) — debtor: Port Daniel Holdings Inc. · as of 13 Feb 2025 | $8.76K | Second Report of the Receiver - The Fuller Landau Group Inc. - 04-MARCH-2026 2 |
| 8 | Unsecured | Canada Revenue Agency (CRA) - unremitted HST · in 926 casesExcludes penalties and interest; deemed trust class (CRA claim) — debtor: Port Daniel Holdings Inc. · as of 26 Feb 2025 | $5.76K | Second Report of the Receiver - The Fuller Landau Group Inc. - 04-MARCH-2026 2 |
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.
Approval pending — Receiver seeking authority to market the Farm Property for sale 'as is', no offers yet receivedSupplement to the Second Report of the Receiver - The Fuller Landau… · 13 Mar 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1001162698 Ontario Inc.the Company's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · agreement 3 Mar 2025 | SealedReceiver states Sale Transaction should result in sufficient net proceeds to repay all amounts owed to TD | Closeddate not stated | Second Report of the Receiver - The Fuller… |
4 engagements · 3 firms — latest: Fuller Landau LLP, 1 Mar 2024 – 31 Jan 2026, $45,568.49 incl. taxSecond Report of the Receiver - The Fuller Landau Group Inc. -… · 4 Mar 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Fuller Landau LLPCounsel to the receiver | 1 Mar 2024 – 31 Jan 2026 | — | $45,568.49incl. tax | not stated | Second Report of the Receiver - The Fuller Landau Group Inc. -… · 4 Mar 2026 |
| Loopstra NixonCounsel to the receiverperiod 2 of 2 | 10 Mar 2025 – 30 Jan 2026 | 145.2 | — | $518.73stated average | Motion Record of the Receiver - The Fuller Landau Group Inc. -… · 6 Mar 2026 |
| Loopstra NixonCounsel to the receiverperiod 1 of 2 | 10 Jun 2024 – 27 Feb 2025 | 43.9 | — | $644.15stated average | First Report of the Court-Appointed Receiver · 20 Mar 2025 |
| The Fuller Landau Group Inc.Receiver | — | — | — | $407.74stated average | Motion Record of the Receiver - The Fuller Landau Group Inc. -… · 6 Mar 2026 |
Professional fees to date
$36.2K
As at 20 Mar 2025First Report of the Court-Appointed Receiver dated March 20, 2025
| Date | Document | File |
|---|---|---|
Admin Relief Order dated March 17, 2026
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Supplement to the Second Report of the Receiver - The Fuller Landau Group Inc. - 13-MAR-2026
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Motion Record of the Receiver - The Fuller Landau Group Inc. - 06-MAR-2026 5
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Second Report of the Receiver - The Fuller Landau Group Inc. - 04-MARCH-2026 2
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Administrative Relief Order
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Approval and Vesting Order
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Endorsement
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Motion Record of the Receiver - The Fuller Landau Group Inc. - 2025-MAR-20 2
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First Report of the Court-Appointed Receiver dated March 20, 2025
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CV-24-00726933-00CL MCCALLION v. PORT DANIEL Endorsement Nov 7 24
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CV-24-00726933-00CL MCCALLION v. PORT DANIEL Order Nov 7 24
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Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Port Daniel Holdings Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/port-daniel-holdings-inc