Titanium Mechanical Inc. et al

Titanium Mechanical Inc. and seven related debtors have been placed in court-appointed receivership in Manitoba, with GlassRatner Restructuring Inc. acting as receiver and manager from October 21, 2026. The Toronto-Dominion Bank applied under section 243(1) of the Bankruptcy and Insolvency Act in the Court of King's Bench of Manitoba, file CI 26-01-59412, on the basis of an aggregate $3,946,206.65 outstanding as of October 6, 2026, plus further accrued and accruing interest, costs and expenses on a solicitor-and-own-client full indemnity basis. TD holds general security agreements over all present and after-acquired personal property of each of the eight debtors, share and investor pledges, a collateral mortgage over Wainfleet, Ontario lands registered at a principal of $1,210,000 with a general assignment of rents and leases, unlimited inter-debtor cross-guarantees, and limited personal guarantees from director Hariharan Krithivasan. The debtors defaulted under a forbearance agreement dated March 13, 2026.