TechCity Canada Inc. and related debtors are before the Ontario Superior Court of Justice (Commercial List) on an application by Royal Bank of Canada under subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, in court file CL-26-00000205-0000. RBC demanded $475,491.88 from TechCity as of February 19, 2026 under original demand letters dated February 25, 2026, and $1,770,210.32 from 1000229443 Ontario Inc. as of March 9, 2026 under second demand letters dated March 19, 2026, plus costs, expenses and accruing interest in each case. RBC holds general security agreements, cross-guarantees and personal guarantees, and against 1000229443 a charge in the registered principal amount of $3,000,000 dated September 3, 2023 with a general assignment of rents dated August 29, 2023. Kennedy Gateway Inc. holds a second charge and assignment of rents registered in the principal amount of $150,000, subsequent to RBC's. PPSA searches show Mercedes-Benz Financial, by motor vehicle registration against TechCity, as the only other registered creditor.
On Royal Bank of Canada's application, Justice Dunphy appointed msi Spergel inc. receiver of TechCity Canada Inc. and the related debtors under subsection 243(1) of the Bankruptcy and Insolvency Act, court file CL-26-00000205-0000.
Source: Order of the Honourable Justice Dunphy dated August 28, 2026
2 earlier updates, back to 28 August 2026 — subscribers.
Filing brief
TechCity Canada: twelve items the bank asked for, and a receiver
Justice Dunphy appointed msi Spergel inc. receiver of a Scarborough computer retailer and the numbered company that owns its building on August 28, on Royal Bank of Canada's application over more than $2.2 million demanded in February and March, after the debtors' counsel missed two scheduling appointments and with the twelve reporting items the bank asked for in January still outstanding.
Debtor
TechCity Canada Inc. et al
Receiver
msi Spergel inc.
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Royal Bank of Canada · in 556 casesGeneral security agreement; Charge/mortgage registered principal amount $3,000,000 dated September 3, 2023, and corresponding general assignment of rents dated August 29, 2023; Cross-Guarantees; Personal Guarantees — 1000 Demanded Indebtedness as set out in Second Demand Letters dated March 19, 2026; plus costs, expenses and accruing interest. Charge/GAR figures are registered principal, not balance. — debtor: 1000229443 Ontario Inc. · as of 9 Mar 2026 | $1.77M | Application Record of the Applicant dated June 2, 2026 |
This 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.
| Date | Document | File |
|---|---|---|
Endorsement of the Honourable Justice Dunphy dated August 28, 2026
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Order of the Honourable Justice Dunphy dated August 28, 2026
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| Aide-Memoire of the Applicant dated August 25, 2026 | PDF · Subscribers | |
Reply Application Record of the Applicant dated August 21, 2026
| PDF · Subscribers | |
Application Record of the Applicant dated June 2, 2026
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Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “TechCity Canada Inc. et al” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/techcity-canada-inc-et-al
Sources last checked · summary updated 2 September 2026 · Report a correction · Printed from proceedings.ca/case/techcity-canada-inc-et-al
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.