Proceedings.

The Canadian Group TCG Toys

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Proceeding
Receivership (court-appointed)sections 47(1) and 243(1) of the Bankruptcy and Insolvency Act, and section 101 of the Courts of Justice Act
Court
Ontario Superior Court of Justice · Commercial List
File
CV-25-00743234-00CL
Filings held23
Last activity27 May 2026
On the record493 days
Secured debtSubscribers
OverviewSummary updated

The Canadian Group TCG Toys has been in court-appointed receivership since May 16, 2025, when the Ontario Superior Court of Justice made a receivership order under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding carries court file number CV-25-00743234-00CL and remains active. The receivership order, dated Friday, the 16th day of May, 2025, is the only step recorded to date; the record contains no subsequent orders, reports or claims process for this matter.

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Case updates23 dated entries

20 earlier updates, back to 16 May 2025 subscribers.

Parties

Debtor

The Canadian Group TCG Toys

Receiver

MNP

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice KimmelOntario Superior Court of Justice3 orders, Jun 2025182 cases on record
Justice CavanaghOntario Superior Court of Justice2 orders, Nov 2025288 cases on record
Justice OsborneOntario Superior Court of Justice2 orders, May 2025146 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverMNPPeritz LLP14 Jul 2025Aide Memoire · 14 Jul 2025
CreditorMichael Albert, 1389055 Ontario CorpRothstein LLP14 Jul 2025Application · 14 Jul 2025
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
Secured816877 Ontario Limited and S.H. Ganz Holdings Inc. (the "Applicants")A pair of general security agreements dated March 8, 2013 between each Applicant and TCG; loans also made pursuant to promissory notes payable on demand — Exact dated balance ($9,714,370 as at Dec 31, 2024) per Court endorsement of Justice Osborne (May 16, 2025); approximated elsewhere as 'approximately $9.7 million' plus accrued interest and other related enforcement costs (Notice of Motion, p.8; First Report of Interim Receiver, para 46, p.26). Applicants are, directly and/or indirectly, partners in the Debtor (largely passive investors) — related party. Independent legal opinion from Jaffe · as of 31 Dec 2024$9.71MMotion Record
Sale processAs stated in the filings

Bid deadline

9 August 2025

Sales Teaser

AdvisorsMNP Ltd. (sale agent)Sales Teaser
Sealed materialsConfidential Appendices '1' and '2' to the Second ReportApproval and Vesting Order
Estate financialsReported figures — never derived

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Documents
23 filings
DateDocumentFile
Investigation Order of Honourable Justice Steele dated
  • Order date 27 May 2026
  • Presiding officer Justice Steele
  • Stalking horse Subscribers
PDF · Subscribers
Factum of MNP Ltd.
  • Counsel Jaffe & Peritz LLP
PDF · Subscribers
Supplementary Motion Record of MNP Ltd.
  • Counsel Jaffe & Peritz LLP
PDF · Subscribers
Affidavit of Kenneth Albert
PDF · Subscribers
Responding Motion Record of David PetersonPDF · Subscribers
Motion Record of MNP Ltd.PDF · Subscribers
Ancillary Order
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Approval and Vesting Order
  • Order date 14 November 2025
  • Sealed items Confidential Appendices '1' and '2' to the Second Report
  • Stalking horse Subscribers
PDF · Subscribers
Endorsement of Justice Cavanagh
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Motion Record of the Assets, Undertakings and PropertiesPDF · Subscribers
Sales Teaser
  • Bid deadline 9 August 2025
  • Sale advisor MNP Ltd. (sale agent)
PDF · Subscribers
Endorsement of Justice of J. Dietrich
  • Presiding officer Justice J. Dietrich
PDF · Subscribers
Aide Memoire of MNP Ltd.
  • Counsel Jaffe & Peritz LLP
PDF · Subscribers
Aide Memoire of Michael Albert and others
  • Counsel Paliare Roland Rosenberg Rothstein LLP
PDF · Subscribers
First Report as Receiver
PDF · Subscribers
Service ListPDF · Subscribers
Approval Order
  • Presiding officer Justice Kimmel
PDF · Subscribers
Endorsement
  • Presiding officer Justice Kimmel
PDF · Subscribers
Expanded Powers and Borrowing Limit Increase
  • Presiding officer Justice Kimmel
  • Stalking horse Subscribers
PDF · Subscribers
Motion Record
  • Applicant 816877 Ontario Limited and S.H. Ganz Holdings Inc.
  • Appointee MNP Ltd.
  • Appointee role Interim Receiver
  • Commencement date 2 June 2025
  • + 5 more extracted facts
PDF · Subscribers
Notice & StatementPDF · Subscribers
Endorsement of Justice Osborne
  • Presiding officer Justice Osborne
PDF · Subscribers
Receivership Order
  • Applicant 816877 Ontario Limited and S.H. Ganz Holdings Inc.
  • Appointee MNP Ltd.
  • Appointee role interim receiver
  • Commencement date 16 May 2025
  • + 5 more extracted facts
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., “The Canadian Group TCG Toys” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 20 September 2026, https://proceedings.ca/case/the-canadian-group

Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/the-canadian-group

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.