TamTan Inc and 1308963 Ontario Ltd
- Proceeding
- Receivership (court-appointed)section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended, and section 243 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3 as amended
- File
- CV-19-00628569-00CL
- Industry
- Manufacturing · Food & beverage manufacturing
TamTan Inc. and 1308963 Ontario Limited are in receivership under BIA section 243 and provincial Judicature Act authority. Roynat Inc. holds a senior secured claim of $2,371,607.71 as of September 26, 2019, secured by a mortgage on the Commercial Property at 1405 Morningside Avenue, Toronto, a GSA against TamTan's property, and a guarantee from 1308963 Ontario Limited backed by its own GSA. The City of Toronto holds a statutory municipal tax lien of $90,685.14 as of the same date, with interest accruing at 1.25% after September 30, 2019. An unnamed creditor under a registered easement and cost sharing agreement may hold a prior-ranking lien, though the amount owing is not stated. Two writs of execution are also registered against the debtors: Employment Panache's, effective April 11, 2017, for $70,874.41 plus $926.93 costs, and Argil Property Tax Services Paralegal Professional Corporation's, effective August 16, 2019, for $12,482.68 plus $191.00 costs.
The court granted an approval and vesting order for the sale to Forest Ridge Inc. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Certificate confirming payment of the Purchase Price and satisfaction of closing conditions.
Source: Approval and Vesting Order of Madame Justice Conway dated March 13, 2020
Debtor
TamTan Inc and 1308963 Ontario Ltd
Receiver
msi Spergel inc.
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Conway | Ontario Superior Court of Justice | 5 orders, Dec 2019 – Mar 2020 | 310 cases on record |
| Justice Gilmore | Ontario Superior Court of Justice | 2 orders, Jul 2020 | 68 cases on record |
| Justice McEwen | Ontario Superior Court of Justice | 2 orders, Oct 2019 | 143 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Receivermsi Spergel inc. | Chaitons LLP | 29 Jul 2020 | Order · 29 Jul 2020 |
| Applicant | Blake, Cassels & Graydon LLP | 16 Oct 2019 | Order · 16 Oct 2019 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Roynat Inc. · in 48 casesMortgage against the Commercial Property (1405 Morningside Avenue, Toronto); general personal property security interest (GSA) against the Borrower's property; Guarantee by Guarantor secured by a GSA against the Guarantor's property; obligations arise under a Debenture (Exhibit G) and 2014 Facility Letter as extended — Stated to be on a 'senior secured basis', inclusive of principal, interest and late payment charges, continuing to accrue, excluding legal fees and enforcement costs. Original Term Loan advanced July 16, 2014 was $2,692,600 CAD (original advance, not the balance). Roynat states · as of 26 Sep 2019 | $2.37M | Application Record Returnable |
| Secured | |||
| Secured | |||
| Secured | |||
| Secured |
4 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 approvedApproval and Vesting Order of Madame Justice Conway dated March 13, 2020 · 13 Mar 2020
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Forest Ridge Inc.the Real Property Debtor's right, title and interest in and to the assets described in the Sale Agreement, including, without limitation, the real property described in Schedule "A" hereto · real property · agreement 27 Feb 2020 | not stated | Approved13 Mar 2020 | Approval and Vesting Order of Madame Justice… |
| Date | Document | File |
|---|---|---|
Endorsement of The Honourable Madam Justice Gilmore
| PDF · Subscribers | |
Order of The Honourable Madam Justice Gilmore
| PDF · Subscribers | |
| Book of Authorities | PDF · Subscribers | |
Approval and Vesting Order of Madame Justice Conway dated March 13, 2020
| PDF · Subscribers | |
Endorsement of Madame Justice Conway
| PDF · Subscribers | |
| Motion Record Returnable | PDF · Subscribers | |
Order of Madame Justice Conway dated March 13, 2020
| PDF · Subscribers | |
Endorsement of Madam Justice Conway
| PDF · Subscribers | |
Order of Madam Justice Conway dated December 17, 2019
| PDF · Subscribers | |
| Receiver’s Motion Record Returnable | PDF · Subscribers | |
Endorsement of The Honourable Justice McEwen
| PDF · Subscribers | |
Receivership Order of The Honourable Justice McEwen
| PDF · Subscribers | |
Application Record Returnable
| PDF · Subscribers | |
| Factum of the Applicant | 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., “TamTan Inc and 1308963 Ontario Ltd” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/tamtan-inc-and-1308963-ontario-ltd