The Clover on Yonge Inc. and The Clover on Yonge Limited Partnership
Follow- Proceeding
- CCAApursuant to the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”)
- File
- CV-20-00637301-00CL
- Industry
- Real estate · Residential development
The Clover on Yonge Inc. and The Clover on Yonge Limited Partnership obtained an initial order under the Companies' Creditors Arrangement Act on June 22, 2020 from the Ontario Superior Court of Justice (Commercial List), file CV-20-00637301-00CL, with PricewaterhouseCoopers Inc. appointed Monitor. The proceedings remain active. The applicants' list of creditors with claims of $1,000 and more records secured claims of $145,579,273.96 owing to 1252707 B.C. Ltd., $48,773,954.00 to Westmount Guarantee Services Inc, and $17,000,000.00 to OTB Capital Inc. The unsecured register is dominated by construction trades and a related-party claim: Cresford (Rosedale) Development Inc. at $13,519,865.23, Verdi Structures Inc at $8,538,739.19, Municipal Mechanical Contractors at $5,590,392.08, Toro GlassWall Inc at $1,748,956.35 and Mayfair Electric Limited at $1,515,116.50, alongside dozens of smaller suppliers, consultants and realty brokerages.
A claims procedure has been established — see the order for deadlines.
Per the Claims Procedure Order/申报程序法令/申報程序法令 dated 22 July 2020.
Motion Record of the Applicants (re Discharge of Instrument AT5671527) — Application / notice of application
Endorsement of J. Hainey (re Stay Extension, DIP Amendment and Ancillary Matters Order) — Endorsement / reasons
Motion Record of the Applicants (re Stay Extension, DIP Amendment and Ancillary Matters Order) — Application / notice of application
Chinese translation of the Monitor’s Supplement to the Thirteenth Report — Court officer report
Responding Factum of Certain Pre-Construction Unit Purchasers — Response / objection pleading
Responding Motion Record of Certain Pre-Constructions Unit Purchasers — Response / objection pleading
Order (re Stay Extension, DIP Amendment and Ancillary Matters) with Endorsement of J Hainey — Endorsement / reasons
Responding Motion of the Applicants (re: Loss of Bargain Claims motion) — Response / objection pleading
Endorsement of J. Hainey (re: classification of creditors, Disclaimer Order) — Endorsement / reasons
Index to Compendium of Certain Pre-Construction Unit Purchasers — Application / notice of application
Second Further Amended and Restated Initial Order (DRAFT) — Amended and restated initial order
Compendium of Brokers (redacted, dated August 27, 2020) — Application / notice of application
DRAFT Plan of Compromise and Arrangement (served on August 16, 2020) — Plan of arrangement / compromise
Endorsement of J. Koehnen (re Dolente Concrete & Drain Company Limited) — Endorsement / reasons
Supplementary Responding Motion Record of Certain Unit Purchasers (Redacted) — Response / objection pleading
Endorsement of J. Koehnen (Reasons re Appraisal Report and Cost Report) — Endorsement / reasons
Motion Record of the Applicants (re: Further Amended and Restated Initial Order and Meeting Order) — Application / notice of application
Factum of the Applicants (re Amended and Restated Initial Order) — Amended and restated initial order
Motion Record of the Applicants (re Amended and Restated Initial Order) — Application / notice of application
Initial order granted, commencing CCAA proceedings for both applicants in the Commercial List and appointing PricewaterhouseCoopers Inc. as Monitor.
Source: Initial Order
Debtor
The Clover on Yonge Inc. and The Clover on Yonge Limited Partnership
Monitor
PwC
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Koehnen | Ontario Superior Court of Justice | 6 orders, Jun 2020 – Sep 2020 | 81 cases on record |
| Justice Hainey | Ontario Superior Court of Justice | 5 orders, Sep 2020 – Jun 2021 | 211 cases on record |
| Justice Osborne | Ontario Superior Court of Justice | 2 orders, Jul 2022 – Nov 2022 | 168 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorPwC | McCarthy Tétrault LLP | 27 Jul 2020 | Factum · 1 Dec 2020 |
| ApplicantbcIMC Construction Fund Corporation and bcIMC Construction Fund Corporation | Torys LLP | 5 Jul 2022 | Service list · 5 Jul 2022 |
| Applicantclover CCAA | Bennett Jones LLP · Aird & Berlis LLP | 22 Jun 2020 | Service list · 17 Jul 2020 |
| DebtorThe Clover on Yonge Inc. and The Clover on Yonge Limited Partnership | Bennett Jones LLP · Aird & Berlis LLP | 19 Jun 2020 | Factum · 19 Jun 2020 |
| Creditora group of non-CCAA in the Athanasoulis litigation | Paliare Roland Rosenberg Rothstein LLP | 5 Jul 2022 | Service list · 5 Jul 2022 |
| CreditorAldershot Landscape Contractors | SimpsonWigle LAW LLP | 20 Jan 2021 | Application · 20 Jan 2021 |
| CreditorBank of Montreal | Fogler, Rubinoff LLP | 5 Jul 2022 | Service list · 5 Jul 2022 |
| CreditorBarron Group Inc | Morris And Morris LLP | 5 Jul 2022 | Service list · 5 Jul 2022 |
| CreditorbcIMC Construction Fund Corporation and bcIMC Construction Fund Corporation | Torys LLP | 29 Sep 2022 | Application · 29 Sep 2022 |
| CreditorBrokers | Lenczner Slaght Royce Smith Griffin LLP | 27 Aug 2020 | Factum · 27 Aug 2020 |
| CreditorCertain Pre-Construction Unit | Lax O'Sullivan Lisus Gottlieb LLP | 11 Nov 2020 | Factum · 11 Nov 2020 |
| CreditorCertain Unit | Lax O'Sullivan Lisus Gottlieb LLP | 20 Jul 2020 | Factum · 20 Jul 2020 |
| CreditorConcord Land Developments Limited | Bennett Jones LLP | 20 Jan 2021 | Application · 20 Jan 2021 |
| CreditorDavid Ryan Millar | Service List | 17 Jul 2020 | Service list · 17 Jul 2020 |
| CreditorGFL Infrastructure Group Inc | Glaholt Bowles LLP | 5 Jul 2022 | Service list · 5 Jul 2022 |
| CreditorLeslie A. Fluxgold | Fij Law LLP | 5 Jul 2022 | Service list · 5 Jul 2022 |
| CreditorMarciano Fire Protection Limited | Mancini Associates LLP | 5 Jul 2022 | Service list · 5 Jul 2022 |
| CreditorMaria Athanasoulis | Goodmans LLP | 22 Jul 2020 | Factum · 22 Jul 2020 |
| CreditorMunicipal Mechanical Contractors Limited | Feige Nawrocki LLP | 5 Jul 2022 | Service list · 5 Jul 2022 |
| CreditorMyer Salit Limited Lawyers for Dekla Corp | Minden Gross LLP | 5 Jul 2022 | Service list · 5 Jul 2022 |
| CreditorOTB Capital Inc | Bennett Jones LLP | 20 Jan 2021 | Application · 20 Jan 2021 |
| CreditorOtéra Capital Inc | Norton Rose Fulbright Canada LLP | 5 Jul 2022 | Service list · 5 Jul 2022 |
| CreditorQuality Sterling Group | Cassels Brock & Blackwell LLP | 5 Jul 2022 | Service list · 5 Jul 2022 |
| CreditorQuality Sterling Group (Quality Rugs of Canada Limited) | Cassels Brock & Blackwell LLP | 20 Jan 2021 | Application · 20 Jan 2021 |
| CreditorRob Y. Moubarak | Sutherland Law | 5 Jul 2022 | Service list · 5 Jul 2022 |
| CreditorSarven Cicekian, Mike Catsiliras, David Ryan Millar and Lisa Resnick | Naymark Law | 5 Jul 2022 | Service list · 5 Jul 2022 |
| CreditorShara N. Roy | Lenczner Slaght Royce Smith Griffin LLP | 5 Jul 2022 | Service list · 5 Jul 2022 |
| CreditorSkygrid Construction Inc | Glaholt Bowles LLP | 5 Jul 2022 | Service list · 5 Jul 2022 |
| CreditorStancorp | Service List | 22 Jul 2020 | Service list · 22 Jul 2020 |
| CreditorStancorp Properties Inc | Stanoulis, Stanoulis | 5 Jul 2022 | Service list · 5 Jul 2022 |
| CreditorStrada Aggegates Inc | Sutherland Law | 20 Jan 2021 | Application · 20 Jan 2021 |
| CreditorTheodore Rotenberg | Drudi Alexiou Kuchar LLP | 5 Jul 2022 | Service list · 5 Jul 2022 |
| CreditorU-Neek General Contracting Ltd | Middonti Law | 20 Jan 2021 | Application · 20 Jan 2021 |
| CreditorYSL Investors Group | Thornton Grout Finnigan LLP | 5 Jul 2022 | Service list · 5 Jul 2022 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | 1252707 B.C. Ltd.Stated in the List of Creditors (claims of $1,000 and more) as 'Total Amount Owing'; no as-at date given on the page. Nature of security not stated. — debtor: The Clover on Yonge Inc. and The Clover on Yonge Limited Partnership | $146M | List of Creditors |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
95 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: a distribution.FinalEighteenth Report of the Monitor · 3 Nov 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| PMSI / lessor | equipment financiers (terminated), treated as General Creditors | — | Under the planimplemented | Compendium of Brokers (redacted · 27 Aug 2020 | |
| Unsecured | Depositor Creditor Class and General Unsecured Creditor Class claimants with proven claims | — | a distribution | Finalper the monitor | Eighteenth Report of the Monitor · 3 Nov 2022 |
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 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Endorsement of J. Osborne | PDF · Subscribers | |
RBP Distribution Order
| PDF · Subscribers | |
Eighteenth Report of the Monitor
| PDF · Subscribers | |
Motion Record of the Applicants (re Discharge of Instrument AT5671527)
| PDF · Subscribers | |
Discharge Order
| PDF · Subscribers | |
| Endorsement of J Osborne | PDF · Subscribers | |
Service List
| PDF · Subscribers | |
| Monitor's Motion Record (re Discharge Order) | PDF · Subscribers | |
| Seventeenth Report of the Monitor | PDF · Subscribers | |
| Motion Record of the Monitor (re RBP Distribution) | PDF · Subscribers | |
| Monitor's DIP Discharge Certificate | PDF · Subscribers | |
Endorsement of Justice Hainey dated June 3, 2021
| PDF · Subscribers | |
Order dated June 3, 2021
| PDF · Subscribers | |
Motion Record of the Applicants
| PDF · Subscribers | |
Sixteenth Report of the Monitor
| PDF · Subscribers | |
| Clover Monitor - Plan Implementation Date Certificate | PDF · Subscribers | |
| Clover Receivership Discharge Certificate | PDF · Subscribers | |
| Endorsement of J. Hainey (re Stay Extension, DIP Amendment and Ancillary Matters Order) | PDF · Subscribers | |
| Blackline Draft Stay Extension, DIP Amendment and Ancillary Matters Order | PDF · Subscribers | |
| Clean Draft Stay Extension, DIP Amendment and Ancillary Matters Order | PDF · Subscribers | |
Fifteenth Report of the Monitor
| PDF · Subscribers | |
Motion Record of the Applicants (re Stay Extension, DIP Amendment and Ancillary Matters Order)
| PDF · Subscribers | |
| Endorsement of J. Hainey (re Sanction Order) | PDF · Subscribers | |
Sanction Order
| PDF · Subscribers | |
Compendium of M. Athanasoulis
| PDF · Subscribers | |
| Amended Responding Factum of M. Athanasoulis | PDF · Subscribers | |
| Supplementary Report to the Fourteenth Report of the Monitor | PDF · Subscribers | |
| Motion Record of M. Athanasoulis | PDF · Subscribers | |
| Responding Factum of Maria Athanasoulis | PDF · Subscribers | |
Factum of the Clover CCAA Applicants
| PDF · Subscribers | |
| Fourteenth Report of the Monitor | PDF · Subscribers | |
Chinese translation of the Thirteenth Report of the Monitor
| PDF · Subscribers | |
Chinese translation of the Monitor’s Supplement to the Thirteenth Report
| PDF · Subscribers | |
| Amended Plan | PDF · Subscribers | |
| Purchasers RSA | PDF · Subscribers | |
| RSA Addendum | PDF · Subscribers | |
Supplementary Report
| PDF · Subscribers | |
| Responding Factum of Certain Pre-Construction Unit Purchasers | PDF · Subscribers | |
Factum of Monitor re Loss of Bargain Claims
| PDF · Subscribers | |
| Responding Motion Record of Certain Pre-Constructions Unit Purchasers | PDF · Subscribers | |
Thirteenth Report of the Monitor
| PDF · Subscribers | |
| Order (re Stay Extension, DIP Amendment and Ancillary Matters) with Endorsement of J Hainey | PDF · Subscribers | |
| Responding Motion of the Applicants (re: Loss of Bargain Claims motion) | PDF · Subscribers | |
| Twelfth Report of the Monitor | PDF · Subscribers | |
| Notice of Creditor's Meeting | PDF · Subscribers | |
| Plan | PDF · Subscribers | |
| Proxy | PDF · Subscribers | |
| Resolution | PDF · Subscribers | |
| Meeting Order with Endorsement of J. Hainey | PDF · Subscribers | |
Submissions of Certain Pre-Construction Unit Purchasers
| PDF · Subscribers | |
Written Submissions of 1252707 B.C. Ltd.
| PDF · Subscribers | |
Eleventh Report of the Monitor
| PDF · Subscribers | |
| Motion Record of the Applicants (re Meeting Order) | PDF · Subscribers | |
Case Conference Memo
| PDF · Subscribers | |
| Endorsement of J. Hainey (re Loss of Bargain Claims motion) | PDF · Subscribers | |
Tenth Report of the Monitor
| PDF · Subscribers | |
| Notice of motion (re Loss of Bargain Claims) | PDF · Subscribers | |
| Endorsement of J. Hainey (re: Stay Extension Order and Meeting Order) | PDF · Subscribers | |
Stay Extension and DIP Amendment Order
| PDF · Subscribers | |
| Motion Record of the Clover CCAA Applicants | PDF · Subscribers | |
Ninth Report of the Monitor
| PDF · Subscribers | |
| Endorsement of J. Hainey (re: classification of creditors, Disclaimer Order) | PDF · Subscribers | |
| Letter of Monitor to Service List | PDF · Subscribers | |
Second Further Amended and Restated Initial Order
| PDF · Subscribers | |
| Disclaimer Order (DRAFT) | PDF · Subscribers | |
| Index to Compendium of Certain Pre-Construction Unit Purchasers | PDF · Subscribers | |
| Meeting Order with two classes (DRAFT) | PDF · Subscribers | |
| Second Further Amended and Restated Initial Order (DRAFT) | PDF · Subscribers | |
Compendium of the Clover CCAA Applicants
| PDF · Subscribers | |
| Eighth Report of the Monitor | PDF · Subscribers | |
| Seventh Report of the Monitor | PDF · Subscribers | |
Sixth Report of the Monitor
| PDF · Subscribers | |
Compendium of Brokers (redacted, dated August 27, 2020)
| PDF · Subscribers | |
Factum of the Brokers, dated August 27, 2020 (hyperlinked, signed)
| PDF · Subscribers | |
| Endorsement of J. Koehnen (re Initial Meeting Order and Disclaimer Order) | PDF · Subscribers | |
| Initial Meeting Order (blacklined draft) | PDF · Subscribers | |
| Initial Meeting Order (clean, draft) | PDF · Subscribers | |
Fifth Report of the Monitor
| PDF · Subscribers | |
| Brief of Authorities of Certain Pre-Construction Unit Purchasers | PDF · Subscribers | |
| Factum of the Respondent, the Buyers of Suites 1809, 1709 and 3212 | PDF · Subscribers | |
| DRAFT Meeting Order (served on August 16, 2020) | PDF · Subscribers | |
| DRAFT Plan of Compromise and Arrangement (served on August 16, 2020) | PDF · Subscribers | |
| Endorsement of J. Koehnen (re Dolente Concrete & Drain Company Limited) | PDF · Subscribers | |
| Endorsement of J. Koehnen (re Request for Financial Production) | PDF · Subscribers | |
| Fourth Report of the Monitor | PDF · Subscribers | |
| Supplementary Responding Motion Record of Certain Unit Purchasers (Redacted) | PDF · Subscribers | |
| Transcript of the Cross-Examination of Mr. Cliff McCracken held on August 11, 2020 (rough draft, redacted) | PDF · Subscribers | |
| Affidavit of Cliff McCracken | PDF · Subscribers | |
| Pelican Woodcliff - Response to McCracken Affidavit Sworn Aug 6 2020 (redacted) | PDF · Subscribers | |
| Endorsement of J. Koehnen (re Appraisal Report and Cost Report) | PDF · Subscribers | |
| Responding Motion Record of Certain Pre-Sale Unit Purchasers | PDF · Subscribers | |
| Responding Motion Record of Certain Unit Purchasers | PDF · Subscribers | |
| Responding Motion Record of the Certain Buyers | PDF · Subscribers | |
| Responding Motion of the Brokers | PDF · Subscribers | |
| Instruction Letter/申报说明函/申報說明函 | PDF · Subscribers | |
| Proof of Claim/债权证明书/債權證明書 | PDF · Subscribers | |
| Notice to Creditors/债权人通知/債權人通知 | PDF · Subscribers | |
| Endorsement of J. Koehnen (Reasons re Appraisal Report and Cost Report) | PDF · Subscribers | |
Order (re Appraisal Report and Cost Report)
| PDF · Subscribers | |
Claims Procedure Order/申报程序法令/申報程序法令
| PDF · Subscribers | |
| Endorsement of J Koehnen (re July 22, 2020 hearing) | PDF · Subscribers | |
Factum of Maria Athanasoulis
| PDF · Subscribers | |
Further Amended and Restated Initial Order
| PDF · Subscribers | |
Stancorp Enterprises Inc. et al
| PDF · Subscribers | |
| Third Report of the Monitor | PDF · Subscribers | |
| Brief of Authorities of Certain Pre-Sale Unit Purchasers | PDF · Subscribers | |
Factum of Certain Pre-Sale Unit Purchasers
| PDF · Subscribers | |
Motion Record of Certain Pre-Sale Unit Purchasers
| PDF · Subscribers | |
Motion Record of Maria Athanasoulis
| PDF · Subscribers | |
David Ryan Millar
| PDF · Subscribers | |
| Endorsement of J. Koehnen | PDF · Subscribers | |
| Second Report of the Monitor | PDF · Subscribers | |
| Motion Record (re Claims Procedure Order) | PDF · Subscribers | |
| Motion Record of the Applicants (re: Further Amended and Restated Initial Order and Meeting Order) | PDF · Subscribers | |
Amended and Restated Initial Order
| PDF · Subscribers | |
List of Creditors
| PDF · Subscribers | |
| Notice to Creditors | PDF · Subscribers | |
Factum of the Applicants (re Amended and Restated Initial Order)
| PDF · Subscribers | |
| First Report of the Monitor | PDF · Subscribers | |
| Motion Record of the Applicants (re Amended and Restated Initial Order) | PDF · Subscribers | |
| Endorsement of J. Koehnen (re Initial Order) | PDF · Subscribers | |
Initial Order
| PDF · Subscribers | |
Notice of Application
| PDF · Subscribers | |
Factum of the Applicants
| PDF · Subscribers | |
| Pre-Filing Report of the Proposed Monitor | 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 Clover on Yonge Inc. and The Clover on Yonge Limited Partnership” (CCAA), Ontario Superior Court of Justice. Retrieved 16 October 2026, https://proceedings.ca/case/the-clover-on-yonge-inc-and-the-clover-on-yonge-limited-partnership