Sigma Molders 2020 Inc. has been under court-appointed receivership in Ontario since August 15, 2025, under section 243 of the BIA and provincial Judicature Act authority, and the proceeding remains active. The receivership follows a notice of intention to enforce security and formal demand served by The Toronto-Dominion Bank on May 29, 2025; TD's statement of indebtedness put the balance at $507,224.45 as at August 6, 2025, secured by a September 29, 2020 general security agreement over all present and after-acquired personal property and supported by an unlimited personal guarantee from director Anil Anand. Receiver's counsel, Aird & Berlis LLP, has confirmed that Concentra Equipment Finance, now Bennington Financial Corp., holds a properly perfected purchase-money security interest in the Toshiba electric injection moulding machine, with a buyout price of approximately $118,000 excluding sales tax. The Canada Revenue Agency has commenced a trust examination of the company's payroll and sales tax accounts; as of the First Report it had issued no assessment or claim.
The court granted an approval and vesting order for the sale to 2186274 Ontario Ltd. o/a Easy Trading Enterprises. Closing terms, as extracted: Vesting is effective upon delivery by the Receiver to the Purchaser of a Receiver's Certificate confirming payment of the Purchase Price, satisfaction or waiver of closing conditions, and completion of the Transaction.
A receivership order was granted. Court file CV-25-00749022-00CL.
Source: Receivership Appointment Order dated August 15, 2025
Sigma Molders 2020 Inc. — Receivership filed, Ontario.
Source: Receivership Appointment Order dated August 15, 2025
Debtor
Sigma Molders 2020 Inc.
Applicant
TD Bank
Receiver
Albert Gelman
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Myers | Ontario Superior Court of Justice | 2 orders, Oct 2025 | 117 cases on record |
| Justice Black | Ontario Superior Court of Justice | 2 orders, Aug 2025 | 198 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverAlbert Gelman | Aird & Berlis LLP | 8 Oct 2025 | Order · 8 Oct 2025 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | The Toronto-Dominion Bank · in 121 casesDemand Operating Facility Agreement dated September 23, 2020 (credit limit $500,000 CAD, amended February 17, 2022 to $800,000 CAD facility limit, not a balance); General Security Agreement dated September 29, 2020 over all assets located at 2335 Council Road, Mississauga and 150 McLevin Avenue, Scarborough; also backed by an unlimited personal guarantee from the company's director/officer — Exact statement of indebtedness as at Aug 6, 2025 per Exhibit I to Couderc Affidavit; prose approximation of 'approximately $500,000, plus interest and costs' used elsewhere in the Notice of Motion and Fir · as of 6 Aug 2025 | $507K | Motion Record of the Receiver dated September 29, 2025 |
| Secured | |||
| Secured | |||
| Secured | |||
| Secured |
4 more claims in 1 class The stack holds Secured claims.
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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.
2 transactions · 1 closed · 1 approved — Court approved the sale of the Toshiba machine by the Receiver to 2186274 Ontario Ltd. o/a Easy Trading Enterprises under a bill of sale dated September 17, 2025; vesting upon delivery of the Receiver's Certificate.Approval and Vesting Order dated October 8, 2025 · 8 Oct 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 2186274 Ontario Ltd. o/a Easy Trading Enterprisessubstantially all of the Company's machinery and equipment assets · asset sale · agreement 30 Jul 2025 | Subscribers | Closeddate not stated | First Report of the Receiver dated September… |
| 2186274 Ontario Ltd. o/a Easy Trading Enterprisesthe purchased equipment described in Schedule B hereto (Toshiba machine 2020 EC610SXIIV50-26AT S/N B1R423) · asset sale · agreement 17 Sep 2025 | Subscribers | Approved8 Oct 2025 | Approval and Vesting Order dated October 8, 2025 |
| Date | Document | File |
|---|---|---|
Approval and Vesting Order dated October 8, 2025
| PDF · Subscribers | |
Endorsement of Justice Myers dated October 8, 2025
| PDF · Subscribers | |
First Report of the Receiver dated September 29, 2025
| PDF · Subscribers | |
Motion Record of the Receiver dated September 29, 2025
| PDF · Subscribers | |
| Service List as of August 21, 2025 | PDF · Subscribers | |
Endorsement of Justice Black dated August 15, 2025
| PDF · Subscribers | |
Receivership Appointment Order dated August 15, 2025
| PDF · Subscribers | |
Application Record
| 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., “Sigma Molders 2020 Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/sigma-molders-2020-inc
Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/sigma-molders-2020-inc
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.