SM International Holdings Ltd.
- 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-24-00724776-00CL
- Industry
- Real estate · Rental & income property
SM International Holdings Ltd. is under court-appointed receivership in the Ontario Superior Court of Justice, court file CV-24-00724776-00CL, proceeding under BIA s. 243 and the provincial Judicature Acts. The application was filed electronically on July 29, 2024. Algoma Central Properties Inc. holds or may hold security of $18,000,000 against the debtor's real property at 293 Bay Street, Sault Ste. Marie, Ontario. The Receiver's list of creditors names dozens of unsecured claims, including the City of Sault Ste Marie for $2,100,000 in property taxes and 9136916 Canada Ltd. for the same amount, alongside numerous trade creditors. Per unaudited financial statements as at December 31, 2024, the debtor's total assets were $35,329,000 CAD; no liabilities figure is stated. The matter remains active.
The receivership application against SM International Holdings Ltd. was electronically filed, commencing the BIA s. 243 proceeding in Ontario Superior Court.
Source: Application Record
Undated filings1 — no date appears on the document · show
Debtor
SM International Holdings Ltd.
Applicant
Algoma Central Properties Inc.
Receiver
B. Riley Farber
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Osborne | Ontario Superior Court of Justice | 2 orders, Jan 2025 | 168 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantAlgoma Central Properties Inc. | Pallett Valo LLP | 1 Oct 2024 | Factum · 1 Oct 2024 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Algoma Central Properties Inc. · in 2 casesSecurity on the Real Property (293 Bay Street, Sault Ste. Marie, Ontario) — Receiver's Notice states this is the creditor who 'holds or may hold' a security on the Real Property; amount as reported by Receiver. — debtor: SM International Holdings Ltd. | $18M | Notice of Statement and Receiver |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
41 more claims in 1 class The stack holds Secured and Unsecured claims.
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The total the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Endorsement of Justice Osborne
| PDF · Subscribers | |
Order of Justice Osborne (Receivership Order)
| PDF · Subscribers | |
Factum (Appointment of a Receiver)
| PDF · Subscribers | |
Application Record
| PDF · Subscribers | |
| Certificate of Filing of Receivership | PDF · Subscribers | |
Notice of Statement and Receiver
| PDF · Subscribers | |
| Service List | 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., “SM International Holdings Ltd.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/sm-international-holdings-ltd