Richmond Medical Centre Inc. and I Lov This Place 11 Inc.
- Proceeding
- Bankruptcysection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-22-00001571-0000
- Industry
- Real estate · Rental & income property
Richmond Medical Centre Inc. and I Lov This Place 11 Inc. have been in receivership since December 9, 2022, when the Ontario Superior Court of Justice appointed MNP Ltd. receiver and manager on the application of The Bank of Nova Scotia under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, court file CV-22-00001571-0000. BNS is owed approximately $7.5 million by Richmond Medical on a first ranking charge over the Richmond Street Property registered at a principal of $13,750,000, and approximately $160,000 by I Lov This Place under a guarantee from Richmond Medical. 2505151 Ontario Inc. is owed approximately $3.4 million on charges over the Richmond Street and Oak Street properties. The Canada Revenue Agency has advised the Receiver of approximately $532,000 in HST owing by Richmond Medical.
The court granted an approval and vesting order for the sale to 1653 Richmond (London) Corp. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Certificate confirming payment of the Purchase Price, satisfaction/waiver of closing conditions, and completion of the Transaction. Sealed: Confidential Supplement to the Third Report of the Receiver containing the Sale Agreement.
Source: Order Vesting CV22 1571
Court appointed MNP Ltd. receiver and manager of both debtors on The Bank of Nova Scotia's application, staying proceedings including 260132 Ontario Inc.'s motion for return of a $96,050 security deposit.
Debtor
Richmond Medical Centre Inc. and I Lov This Place 11 Inc.
Trustee in bankruptcy
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Grace | Ontario Superior Court of Justice | 2 orders, Dec 2022 | 5 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Trustee in bankruptcyMNP | Miller Thomson LLP | 14 Apr 2023 | Order · 14 Apr 2023 |
| Applicant | Harrison Pensa LLP | 9 Dec 2022 | Order · 4 Dec 2024 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 casesDeemed trust class; CRA cannot state amount until outstanding source deduction returns are filed — amount unknown, not zero — debtor: I Lov This Place 11 Inc. | — | Court Report with Appendices |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
6 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
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See all plans“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Sale approved — Transaction approved by the CourtOrder Vesting CV22 1571 · 13 Sep 2024
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1653 Richmond (London) Corp.the Debtor's right, title and interest, if any, in and to the assets... described in the Sale Agreement (the " Purchased Assets ") · real property · nominee/assignee: 1653 Richmond (London) Corp. · agreement 1 Aug 2024 | Subscribers | Approved13 Sep 2024 | Order Vesting CV22 1571 |
| Date | Document | File |
|---|---|---|
Bankruptcy Order
| PDF · Subscribers | |
Order Ancillary CV22 1571
| PDF · Subscribers | |
Order Vesting CV22 1571
| PDF · Subscribers | |
| Third Report with Appendices | PDF · Subscribers | |
Order and Endorsement Approving Second Report of Trustee
| PDF · Subscribers | |
Issued Order of Justice Mitchell Apr 14 2023
| PDF · Subscribers | |
Court Report with Appendices
| PDF · Subscribers | |
Appointing Order of Justice Grace
| PDF · Subscribers | |
Endorsement of Justice Grace
| 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., “Richmond Medical Centre Inc. and I Lov This Place 11 Inc.” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/richmond-medical-centre-inc