TNP Panel Company (1001281812 Ontario Inc.)

TNP Panel Company (1001281812 Ontario Inc., operating as TNT Panel Company) was placed into court-appointed receivership by order of the Ontario Superior Court of Justice on July 31, 2026, in court file CL-26-00000331-0000, under BIA s. 243 and provincial Judicature Act authority. The file is closed. Receivership application materials put the principal owing on the secured facility to Celina Capital Corporation, as agent for the secured lenders, at $4,065,362 as of June 30, 2026, secured by a general security interest in all present and after-acquired personal property under a loan and security agreement dated August 11, 2025. An unaudited balance sheet showed total assets at a book value of approximately $6.4 million as at May 31, 2026. Terra Nova Truss ($2,613,725) and Royal Bank of Canada ($660,305) head the unsecured claims on the preliminary creditor list as at July 31, 2026.