Spotlight on Courtland Inc. was placed in court-appointed receivership by the Ontario Superior Court of Justice on June 17, 2024, on the application of MarshallZehr Group Inc., under subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. TDB Advisory Limited and TDB Restructuring Limited were appointed as receiver under court file CV-24-00717917-00CL. MarshallZehr Group Inc. is owed approximately $20,702,262 as a secured creditor. The company's sole listed asset is a 6.3-acre parcel of development lands; the receiver reported that it could not obtain financial information from the debtor despite repeated requests. The receivership remains active.
The court granted an approval and vesting order for the sale to Courtland Kitchener Inc. Closing terms, as extracted: vesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price, satisfaction/waiver of conditions to Closing, and completion of the Transaction to the satisfaction of the Receiver.
The officer filed report no. Second Report. The Debtor's principal asset, the Real Property, is being sold to the Stalking Horse Purchaser after the court-approved sale process was deemed terminated with the Stalking Horse Bid as the Successful Bid; upon closing, the Receiver's administration will be substantially complete and the Receiver intends to seek discharge.
Source: Second Report of the Receiver dated December 6, 2024
Motion Record of the Receiver returnable December 16, 2024 — Application / notice of application
The officer filed report no. First Report. The Debtor's real property is undeveloped vacant land with no ongoing business operations or employees; the Receiver is focused on marketing the property for sale through a court-approved sale process, having negotiated a stalking horse agreement of purchase and sale with Courtland Kitchener Inc.
Motion Record of the Receiver returnable November 12, 2024 was filed. Court file CV-24-00717917-00CL.
Source: Motion Record of the Receiver returnable November 12, 2024
The court appointed TDB Restructuring Limited as receiver, on the application of MARSHALLZEHR GROUP INC.. Court file CV-24-717917-00CL.
MarshallZehr Group Inc.'s notice of application for the appointment of a receiver was issued on April 5, 2024.
Debtor
Spotlight on Courtland Inc.
Receiver
TDB Restructuring
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Osborne | Ontario Superior Court of Justice | 7 orders, Nov 2024 – Dec 2024 | 168 cases on record |
| Justice Black | Ontario Superior Court of Justice | 2 orders, Jun 2024 | 198 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverTDB Restructuring | Chaitons LLP | 1 Nov 2024 | Order · 16 Dec 2024 |
| Applicant | Chaitons LLP | 17 Jun 2024 | Order · 17 Jun 2024 |
| DebtorSpotlight on Courtland Inc. | WeirFoulds LLP | 1 Nov 2024 | Service list · 1 Nov 2024 |
| CreditorStalking Horse Bidder | Thornton Grout Finnigan LLP | 1 Nov 2024 | Service list · 1 Nov 2024 |
| CreditorTarion Warranty Corporation | Torys LLP | 1 Nov 2024 | Service list · 1 Nov 2024 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | MarshallZehr Group Inc. · in 19 casesApproximate amount owed per Receiver's Notice and Statement of Receiver — debtor: Spotlight on Courtland Inc. | $20.7M | Notice and Statement of the Receiver |
| Secured |
1 more claim in 1 class The stack holds Secured claims.
Every creditor and every amount.
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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 approved — Transaction is hereby approvedApproval and Vesting Order dated December 16, 2024 · 16 Dec 2024
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Courtland Kitchener Inc.Stalking horsethe Debtor's right, title and interest in and to the purchased assets described in the Sale Agreement (the 'Purchased Assets'), including the Real Property · real property · agreement 30 Oct 2024 | Subscribers | Approved16 Dec 2024 | Approval and Vesting Order dated December 16,… |
MarshallZehr: shortfall.EstimatedSecond Report of the Receiver · 6 Dec 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | MarshallZehr | — | shortfall | Estimatedper the receiver | Second Report of the Receiver · 6 Dec 2024 |
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 engagement · 1 firm — Chaitons LLP, 19 Jun – 30 Nov 2024, in feesSecond Report of the Receiver · 6 Dec 2024
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Chaitons LLPCounsel to the receiver | 19 Jun – 30 Nov 2024 | — | Second Report of the Receiver · 6 Dec 2024 |
2 blurred figures above
What the firm billed — each as the filing states it, with its source.
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See all plansCumulative receipts
$202K
As at 6 Dec 2024Second Report of the Receiver dated December 6, 2024
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Ancillary Relief Order dated December 16, 2024
| PDF · Subscribers | |
Approval and Vesting Order dated December 16, 2024
| PDF · Subscribers | |
Endorsement of the Honourable Justice Osborne dated December 16, 2024
| PDF · Subscribers | |
Motion Record of the Receiver returnable December 16, 2024
| PDF · Subscribers | |
Second Report of the Receiver dated December 6, 2024
| PDF · Subscribers | |
Endorsement of the Honourable Justice Osborne dated November 28, 2024
| PDF · Subscribers | |
Ancillary Order dated November 12, 2024
| PDF · Subscribers | |
Endorsement of the Honourable Justice Osborne dated November 12, 2024
| PDF · Subscribers | |
Sale Process Approval Order dated November 12, 2024
| PDF · Subscribers | |
First Report of the Receiver dated November 1, 2024
| PDF · Subscribers | |
Motion Record of the Receiver returnable November 12, 2024
| PDF · Subscribers | |
Service List dated November 1, 2024
| PDF · Subscribers | |
Appointment Order dated June 17, 2024
| PDF · Subscribers | |
Endorsement of the Honourable Justice Black June 17, 2024
| PDF · Subscribers | |
Application Record dated April 8, 2024
| PDF · Subscribers | |
Notice and Statement of the Receiver
| 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., “Spotlight on Courtland Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/spotlight-on-courtland-inc
Sources last checked · summary updated 24 August 2026 · Report a correction · Printed from proceedings.ca/case/spotlight-on-courtland-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.