R & B Properties (2011) Inc.
- Proceeding
- Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CL-25-00753615-0000
- Industry
- Real estate · Rental & income property
R & B Properties (2011) Inc. has been under court-appointed receivership since January 13, 2026, when the Ontario Superior Court of Justice (Commercial List) appointed KSV Restructuring Inc. as receiver and manager on the application of Portage Capital Nominee Corp., under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The appointment order granted a stay of proceedings and created a first-ranking Receiver's Charge over the Property for the receiver and its counsel, plus a $50,000 Receiver's Borrowings Charge. In its First Report, dated February 25, 2026, the receiver reported cumulative receipts of $1,042,298 and cash on hand of $1,036,000, and described negotiating a listing agreement with CBRE. The court approved a sale process on March 4, 2026. Court file CL-25-00753615-0000.
Supplemental and Reply Motion Record of the Receiver dated March 18, 2026 — Application / notice of application
First Report accounted for cumulative receipts of $1,042,298 and $1,036,000 cash on hand, and set out the receiver's statutory notices to creditors, tenant letters, insurance and HST steps, broker solicitation and negotiation of a CBRE listing agreement.
Source: First Report of the Receiver dated February 25, 2026
Appointed KSV Restructuring Inc. receiver and manager on Portage Capital's application, staying proceedings and charging the Property with a first-ranking Receiver's Charge and a $50,000 borrowings charge.
Debtor
R & B Properties (2011) Inc.
Applicant
Portage Capital Nominee Corp.
Receiver
KSV
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Black | Ontario Superior Court of Justice | 2 orders, Mar 2026 | 198 cases on record |
| Justice Dunphy | Ontario Superior Court of Justice | 2 orders, Jan 2026 | 93 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverKSV | Stikeman Elliott LLP | 4 Mar 2026 | Order · 4 Mar 2026 |
| ApplicantPortage Capital Nominee Corp. | Blake, Cassels & Graydon LLP | 13 Jan 2026 | Order · 13 Jan 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| Court-ordered charges | ||||
| 1 | Court-ordered charges | Receiver's Borrowings Charge — in priority to all security interests, trusts, liens, charges and encumbrances, statutory or otherwise, in favour of any Person, but subordinate in priority to the Receiver's Charge and the charges as set out in sections | $50K | Receivership Order dated January 13, 2026 |
| 1 | Court-ordered charges | |||
| Pre-filing debt | ||||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
4 more claims in 3 classes The stack holds Court-ordered charges, Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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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.
Sale process approved — The Sale Process be and is hereby approved.Sale Process Order dated March 4, 2026 · 4 Mar 2026
Portage Capital Nominee Corp.: a distribution.Supplemental and Reply Motion Record of the Receiver · 18 Mar 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Portage Capital Nominee Corp. | — | interim | per the receiver | Supplemental and Reply Motion Record of the Receiver · 18 Mar 2026 |
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 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansCumulative receipts
$1.04M
As at 25 Feb 2026First Report of the Receiver dated February 25, 2026
Cash on hand
As at
1 more reported figure
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Endorsement of Justice Myers dated March 25, 2026
| PDF · Subscribers | |
Supplemental and Reply Factum of the Receiver re HST Termination Proceeds dated March 18, 2026
| PDF · Subscribers | |
Supplemental and Reply Motion Record of the Receiver dated March 18, 2026
| PDF · Subscribers | |
Endorsement of Justice Black dated March 4, 2026
| PDF · Subscribers | |
Sale Process Order dated March 4, 2026
| PDF · Subscribers | |
First Report of the Receiver dated February 25, 2026
| PDF · Subscribers | |
Motion Record of the Receiver dated February 25, 2026
| PDF · Subscribers | |
Endorsement of Justice Dunphy dated January 13, 2026
| PDF · Subscribers | |
Receivership Order dated January 13, 2026
| PDF · Subscribers | |
Application Record dated January 12, 2026
| 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., “R & B Properties (2011) Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 4 November 2026, https://proceedings.ca/case/r-b-properties-2011-inc