RLY Farms Inc.
- Proceeding
- Receivership (court-appointed)subsection 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended
- File
- CV-24-00000139-0000
RLY Farms Inc. is the subject of a court-appointed receivership before the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), commenced March 30, 2026 under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority, court file CV-24-00000139-0000. The proceeding opened with an interim order granted the same day and remains active. The record shows no steps after that date.
The court appointed MNP Ltd. as receiver, on the application of ROYAL BANK OF CANADA. Court file CV-24-00000139-0000.
Source: Order by Justice Edwards
Debtor
RLY Farms Inc.
Receiver
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Gibson | Ontario Superior Court of Justice | 2 orders, Jul 2026 | 3 cases on record |
| Justice Edwards | Ontario Superior Court of Justice | 2 orders, Apr 2025 | 4 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverMNP | Lerners LLP | 8 Jul 2026 | Order · 8 Jul 2026 |
| ApplicantRoyal Bank of Canada | Harrison Pensa LLP | 24 Apr 2025 | Endorsement · 24 Apr 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 584 casesSecurity on the Property (real and personal property) of RLY Farms Inc. — Receiver's Statement (p.1) estimates this claim at approximately $3.3 million; List of Creditors (p.3) states exact figure of $3,286,000, used as amount. — debtor: RLY Farms Inc. · as of 10 Jun 2025 | $3.29M | 245 Notice and Statement of Receiver |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
7 more claims in 2 classes The stack holds 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.
| Date | Document | File |
|---|---|---|
Justice Gibson Endorsement
| PDF · Subscribers | |
Justice Gibson Order
| PDF · Subscribers | |
245 Notice and Statement of Receiver
| PDF · Subscribers | |
Endorsement by Justice Edwards
| PDF · Subscribers | |
Order by Justice Edwards
| 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., “RLY Farms Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/rly-farms-inc