#Order
Order of Justice Newbould re: Second Report and Sale Agreement was filed.
Source: Order of Justice Newbould re: Second Report and Sale Agreement
Stafford Properties Inc.
ActiveFollow
- Proceeding
- Receivership (court-appointed)section 101 of the Courts of Justice Act, R.S.O 1990 c. C.43
- File
- CV-08-7692-00CL
- Industry
- Real estate
OverviewSummary updated
Stafford Properties Inc. was placed in court-appointed receivership by the Ontario Superior Court of Justice on August 22, 2008, on the application of Roynat Inc., under section 101 of the Courts of Justice Act. Fuller Landau Group Inc. was appointed receiver and manager under court file CV-08-7692-00CL. Roynat Inc.'s secured claims comprise $562,153.41 under a first charge on the 55 Stafford property, from an original loan of $2,725,000, and $5,209,212.53 under a second charge securing Stafford's guarantee of Brute Manufacturing Limited's indebtedness. The Bank of Montreal holds a third-ranking charge over the same property relating to a further guarantee of Brute's debt. The receivership remains active.
Proceedings AIOpen Proceedings AI
Case updates8 dated entries
#Sale
The court granted an approval and vesting order for the sale to NSS Holdings Inc. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Certificate confirming payment of purchase price and satisfaction of closing conditions.
Source: Approval and Vesting Order
#Sale
The court granted an approval and vesting order for the sale to KPL Holdings Inc. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price, satisfaction/waiver of closing conditions, and completion of the Transaction. Court file CV-08-7692-00CL.
Parties
Debtor
Stafford Properties Inc.
Receiver
Fuller Landau
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Newbould | Ontario Superior Court of Justice | 2 orders, May 2016 | 111 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverFuller Landau | BAKER & McKENZIE LLP | 15 Aug 2014 | Order · 15 Aug 2014 |
| CreditorRoynat Inc | Cassels Brock & Blackwell LLP | 21 Aug 2008 | Order · 21 Aug 2008 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Roynat Inc. · in 48 casesSecond registered charge over 55 Stafford Property; debenture of $6,865,000 securing Stafford's guarantee of Brute Manufacturing Limited's indebtedness to Roynat — Guarantee obligation (Brute Guarantee) — debtor: Stafford Properties Inc. · as of 17 Jul 2014 | $5.21M | 2014-08-07 motion record roynat v stafford.pdf |
| Secured | |||
| Secured |
2 more claims in 1 class The stack holds Secured 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.
Sale processPer the transactions
2 transactions · 2 approvedOrder of Justice Newbould re: Second Report and Sale Agreement · 19 May 2016
| Purchaser | Price | Status | Source |
|---|---|---|---|
| KPL Holdings Inc.the Debtor's right, title and interest in and to the Purchased Assets · asset sale · agreement 27 May 2014 | not stated | Approved22 Aug 2014 | approval and vesting orderaugust 15 2014.pdf |
| NSS Holdings Inc.a sale agreement between the Receiver and NSS Holdings Inc. dated January 20, 2016 · asset sale · nominee/assignee: Dongab Co. Inc. · agreement 20 Jan 2016 | Sealed | Approved19 May 2016 | Approval and Vesting Order |
Closing termsVesting effective upon delivery of Receiver's Certificate confirming payment of purchase price and satisfaction of closing conditions.Approval and Vesting Order
Sealed materialsConfidential Appendices 1-3 to the Second ReportOrder of Justice Newbould re: Second Report and Sale Agreement
RecoveriesAs stated in the filings
Bank of Montreal: not yet estimated.Motion Record of the Receiver · 12 May 2016
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredBMO | Bank of Montreal | — | not yet estimated | per the receiver | Motion Record of the Receiver · 12 May 2016 |
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.
Documents8 filings
| Date | Document | File |
|---|---|---|
Approval and Vesting Order
| PDF · Subscribers | |
Endorsement of Justice Newbould
| PDF · Subscribers | |
Order of Justice Newbould re: Second Report and Sale Agreement
| PDF · Subscribers | |
Motion Record of the Receiver
| PDF · Subscribers | |
approval and vesting orderaugust 15 2014.pdf
| PDF · Subscribers | |
sealing order. august 15 2014.pdf
| PDF · Subscribers | |
2014-08-07 motion record roynat v stafford.pdf
| PDF · Subscribers | |
Stafford Properties Inc. - Stafford Initial Order.pdf
| 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., “Stafford Properties Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/stafford-properties-inc