Urbancorp Renewable Power Inc.
Follow- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- CV-18-600624-00CL
Urbancorp Renewable Power Inc. remains in active insolvency proceedings before the Ontario Superior Court of Justice (Commercial List) under court file CV-18-600624-00CL, commenced June 28, 2018. Reporting as of October 17, 2018 records secured exposure of $33,500,000 in approximate principal advanced to Urbancorp New Kings Inc. by First Capital (S.C.) Corporation, an affiliate of co-owner KLNC, under a court-approved Standstill Agreement facility, and $7,590,000 owing by Urbancorp Downsview Park Development Inc. to Mattamy (Downsview) Limited under a DIP facility approved June 15, 2017, capped at $8,000,000 and due December 31, 2018. Claims litigation continues: Speedy Electrical Contractors Ltd.'s $2,323,638 claim against King Residential Inc., disallowed by the Monitor, was admitted by Myers J. on May 11, 2018, with the Monitor granted leave to appeal on September 10, 2018. A $6,000,000 Terra Firma Capital Corporation guarantee claim was likewise disallowed, with a motion disputing that disallowance outstanding.
Factum of the Receiver re Discharge of Receiver (URPI) dated February 23, 2026 — Factum / brief
Motion Record of the Receiver re Discharge dated February 20, 2026 — Application / notice of application
Motion Record of the Receiver returnable April 13, 2021 — Application / notice of application
Motion Record of the Receiver returnable December 11, 2020 — Application / notice of application
Responding Record of King Towns North Inc. re Motion returnable December 11, 2020 — Response / objection pleading
Second Supplement to the Fifth Report of the Receiver dated December 10, 2020 — Court officer report
Endorsement of Justice Morawetz re Geothermal Energy Supply Agreements dated December 10, 2019 — Endorsement / reasons
Endorsement of Justice Morawetz re Settlements and Sale Process Approval dated December 10, 2019 — Endorsement / reasons
Motion Record of the Receiver for Settlements and Sales Process Approval returnable December 10, 2019 — Application / notice of application
Motion Record of the Receiver returnable December 10, 2019 — Application / notice of application
Motion Record of the Receiver returnable October 22, 2018 — Application / notice of application
Debtor
Urbancorp Renewable Power Inc.
Receiver
AlixPartners
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Morawetz | Ontario Superior Court of Justice | 11 orders, Jun 2019 – Feb 2026 | 130 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverAlixPartners | Davies Ward Phillips & Vineberg LLP | 22 Oct 2018 | Application · 22 Oct 2018 |
| ReceiverKSV Kofman Inc | Davies Ward Phillips & Vineberg LLP | 22 Oct 2018 | Endorsement · 22 Oct 2018 |
| ReceiverKSV Restructuring Inc | Davies Ward Phillips & Vineberg LLP | 11 Dec 2020 | Factum · 11 Dec 2020 |
| Applicant | Davies Ward Phillips & Vineberg LLP | 28 Jun 2018 | Application · 28 Jun 2018 |
| DebtorUrbancorp Renewable Power Inc. | Dla Piper LLP | 9 Dec 2020 | Service list · 9 Dec 2020 |
| CreditorAdv | Dentons Canada LLP | 9 Dec 2020 | Service list · 9 Dec 2020 |
| CreditorFirst Capital Realty | Torys LLP | 9 Dec 2020 | Service list · 9 Dec 2020 |
| CreditorKing Towns North Inc | Rothstein LLP | 9 Dec 2020 | Service list · 9 Dec 2020 |
| CreditorReceive, KSV Kofman | Davies Ward Phillips & Vineberg LLP | 10 Dec 2019 | Endorsement · 10 Dec 2019 |
| CreditorReceiverxo%Sve u 're yvv™ - KSV Kofman Inc | Davies Ward Phillips & Vineberg LLP | 10 Dec 2019 | Endorsement · 10 Dec 2019 |
| CreditorToronto Standard Condominium Corporation No | Fine & Deo | 9 Dec 2020 | Service list · 9 Dec 2020 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | First Capital (S.C.) Corporation (FCSCC), affiliate of KLNC · in 7 casesas of report date (October 17, 2018) — Standstill Facility (credit facility) per Court-approved Standstill Agreement — Approximate total principal amount advanced to date; related party (affiliate of co-owner KLNC) — debtor: Urbancorp New Kings Inc. | $33.5M | First Report of the Receiver dated October 17, 2018 |
| 4 | Secured | Mattamy (Downsview) Limitedas of report date (October 17, 2018) — Charge over Downsview's assets, properties and undertakings securing DIP facility (limit $8,000,000) — DIP facility approved June 15, 2017; due December 31, 2018; interest and costs continue to accrue — debtor: Urbancorp Downsview Park Development Inc. | $7.59M | First Report of the Receiver dated October 17, 2018 |
| 4 | Secured | Terra Firma Capital Corporation (TFCC) · in 2 casesMortgages granted by Woodbine and Bridlepath on real property, securing guarantee of loan to Urbancorp Holdco Inc. — TFCC Guarantee Claim disallowed by Monitor as voidable transfer at undervalue/fraudulent conveyance or preference; disputed claim of $6,000,000 (in thousands table) shown as disputed unsecured amount pending litigation; motion disputing disallowance outstanding — debtor: TCC/Urbancorp (Bay) Limited Partnership, Urbancorp (Woodbine) Inc., Urbancorp (Bridlepath) Inc. | — | First Report of the Receiver dated October 17, 2018 |
| 8 | Unsecured | UCI (Shareholder Loans)as reported in distributions summary table — Subordinated to Permitted Obligations of other creditors; related party (parent/foreign representative UCI); $1,789,000 remains unpaid admitted claim; also has separate claim against Downsview — debtor: Cumberland CCAA Entities (Cumberland Entities) | $37M | First Report of the Receiver dated October 17, 2018 |
| 8 | Unsecured | Other creditors (Cumberland Entities) · in 4 casesas reported in distributions summary table — Fully distributed; document names no individual creditors in this aggregate — debtor: Cumberland CCAA Entities | $13.5M | First Report of the Receiver dated October 17, 2018 |
| 8 | Unsecured | UCI (Bay Entities claim)as of admitted claim as of Monitor's assessment — Related party (foreign representative of parent UCI); relates to $8 million promissory notes issued by Bay LP to UTMI and assigned to UCI ($6M) and Urbancorp Realtyco Inc. ($2M); $4,950,000 remains unpaid per distribution table ($8,000 thousand admitted, $3,050 thousand distributed) — debtor: Bay CCAA Entities (Bay LP) | $8M | First Report of the Receiver dated October 17, 2018 |
| 8 | Unsecured | Other third-party creditors (Bay Entities)as reported in Bay Entities distributions summary table — Fully distributed; document names no individual creditors in this aggregate — debtor: Bay CCAA Entities | $7.45M | First Report of the Receiver dated October 17, 2018 |
| 8 | Unsecured | Disputed claims (Cumberland Entities aggregate)as reported in distributions summary table — Comprises Travelers ($4,035,000), Speedy ($2,324,000... reported precisely as $2,323,638 in claim), Other ($23,000); reserves held pending resolution — debtor: Cumberland CCAA Entities | $6.38M | First Report of the Receiver dated October 17, 2018 |
| 8 | Unsecured | TFCC Guarantee Claim (disputed, Bay Entities)as reported in Bay Entities distributions summary table — Disallowed by Monitor as voidable transfer at undervalue/fraudulent conveyance or preference; motion disputing disallowance pending; underlying guarantee was secured by mortgages (see secured_creditors entry) — debtor: Bay CCAA Entities (Woodbine, Bridlepath) | $6M | First Report of the Receiver dated October 17, 2018 |
| 8 | Unsecured | Travelers Insurance Company of Canada · in 5 casesas reported in disputed claims table — Disputed; comprises $3.6M guarantee claim re Leslieville bond (expected no exposure) and $435,000 re Bridge Bond (cash collateral of ~$115,000 held by Travelers reduces cash reserve needed) — debtor: Cumberland CCAA Entities (High Res Inc., Bridge on King Inc.) | $4.04M | First Report of the Receiver dated October 17, 2018 |
| 8 | Unsecured | Speedy Electrical Contractors Ltd. · in 2 casesas filed claim amount — Disallowed by Monitor as voidable transfer at undervalue/fraudulent conveyance or preference; claim admitted by court decision May 11, 2018 (Myers J.); Monitor granted leave to appeal September 10, 2018; disputed and under appeal — debtor: King Residential Inc. | $2.32M | First Report of the Receiver dated October 17, 2018 |
| 8 | Unsecured | Other intercompany creditors (Bay Entities)as reported in Bay Entities distributions summary table — $773,000 unpaid admitted claims; related party intercompany creditors, names not individually stated — debtor: Bay CCAA Entities | $1.15M | First Report of the Receiver dated October 17, 2018 |
| 8 | Unsecured | TFCC (Bay Entities)as reported in Bay Entities distributions summary table — Fully distributed; separate from disputed TFCC Guarantee Claim of $6,000,000 — debtor: Bay CCAA Entities | $716K | First Report of the Receiver dated October 17, 2018 |
| 8 | Unsecured | Urbancorp Toronto Management Inc. (intercompany, re UDDI) · in 3 casesas of at commencement of Cumberland CCAA Proceedings — UDDI not subject to insolvency proceedings; amount subsequently repaid via Vendor payment plus $95,000 interest; UDDI to satisfy from future proceeds/reserve — debtor: Urbancorp Downtown Developments Inc. (UDDI, non-applicant affiliate) | $700K | First Report of the Receiver dated October 17, 2018 |
| 8 | Unsecured | Other (Cumberland disputed claims) · in 3 casesas reported in disputed claims table — Document names no individual creditors in this residual aggregate — debtor: Cumberland CCAA Entities | $23K | First Report of the Receiver dated October 17, 2018 |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
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.
Unsecured creditors: paid in full. ETPI $9.03M · Edge Residential Inc. $288K · UCI paid in full.FinalFourth Report of the Receiver · 17 Jul 2020
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | creditors with admitted claims against the Cumberland Entities | — | paid in full | Finalper the monitor | Fourth Report of the Receiver · 17 Jul 2020 |
| Unsecured | ETPI | — | $9.03M | Estimatedper the monitor | Sixth Report of the Receiver · 18 Mar 2021 |
| Unsecured | Edge Residential Inc. | — | $288K | Estimatedper the monitor | Sixth Report of the Receiver · 18 Mar 2021 |
| Unsecured | UCI | — | paid in full | Finalper the monitor | Motion Record of the Receiver · 18 Mar 2021 |
| Equity | UCI | — | $55.5Mcumulative | Finalper the monitor | Fourth Report of the Receiver · 17 Jul 2020 |
| class not placed | all admitted claims (Bridge Geothermal Assets distribution) | — | paid in full$5.09M | per the monitor | Sixth Report of the Receiver · 18 Mar 2021 |
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.
11 engagements · 2 firms — latest: Davies Ward Phillips & Vineberg LLP, 1 Feb – 30 Jun 2020, $23,041.50 in feesFourth Report of the Receiver · 17 Jul 2020
| Firm | Period | Hours | Fees | Rates | Source | ||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Davies Ward Phillips & Vineberg LLPCounselperiod 6 of 6 | 1 Feb – 30 Jun 2020 | — | $23,041.50ex. tax | $865 – $1,0954 people | Fourth Report of the Receiver · 17 Jul 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||
4 people — Davies Ward Phillips & Vineberg LLP, 1 Feb – 30 Jun 2020
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Davies Ward Phillips & Vineberg LLPCounselperiod 6 of 6 | 8 Jun – 30 Jun 2020 | — | $3,066.00ex. tax | not stated | Fourth Report of the Receiver · 17 Jul 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Davies Ward Phillips & Vineberg LLPCounselperiod 4 of 6 | 2 Apr – 30 Apr 2020 | 4.1 | $4,344.50 | $950 – $1,0952 people | Fourth Report of the Receiver · 17 Jul 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||
2 people — Davies Ward Phillips & Vineberg LLP, 2 Apr – 30 Apr 2020
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Davies Ward Phillips & Vineberg LLPCounselperiod 3 of 6 | 4 Mar – 31 Mar 2020 | 6.6 | $6,652.00ex. tax | $865 – $1,0953 people | Fourth Report of the Receiver · 17 Jul 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||
3 people — Davies Ward Phillips & Vineberg LLP, 4 Mar – 31 Mar 2020
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Davies Ward Phillips & Vineberg LLPCounselperiod 2 of 6 | 1 Jul – 30 Sep 2018Sought | 174.6 | $128,318.50ex. tax | $355 – $1,0759 people | First Report of the Receiver · 17 Oct 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||
9 people — Davies Ward Phillips & Vineberg LLP, 1 Jul – 30 Sep 2018
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Davies Ward Phillips & Vineberg LLPCounselperiod 1 of 6 | 3 Jul – 31 Aug 2018 | 81 | $69,216.00ex. tax | $355 – $9756 people | First Report of the Receiver · 17 Oct 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||
6 people — Davies Ward Phillips & Vineberg LLP, 3 Jul – 31 Aug 2018
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| KSV Restructuring Inc.Monitorperiod 5 of 5 | to 30 Jun 2020 | 18 | $11,540.03total | $625 – $7252 people | Fourth Report of the Receiver · 17 Jul 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||
2 people — KSV Restructuring Inc., to 30 Jun 2020
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| KSV Restructuring Inc.Monitorperiod 5 of 5 | 1 Feb – 30 Jun 2020 | 136.9 | $85,605.50 | $625 – $7252 people | Fourth Report of the Receiver · 17 Jul 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||
2 people — KSV Restructuring Inc., 1 Feb – 30 Jun 2020
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| KSV Restructuring Inc.Monitorperiod 3 of 5 | to 31 May 2020 | 12.3 | $7,286.63total | $625 – $7252 people | Fourth Report of the Receiver · 17 Jul 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||
2 people — KSV Restructuring Inc., to 31 May 2020
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| KSV Restructuring Inc.Monitorperiod 2 of 5 | to 30 Apr 2020 | 21.85 | $14,415.89total | $625 – $7252 people | Fourth Report of the Receiver · 17 Jul 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||
2 people — KSV Restructuring Inc., to 30 Apr 2020
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| KSV Restructuring Inc.Monitorperiod 1 of 5 | to 29 Feb 2020 | 46.2 | $28,181.72total | $625 – $7252 people | Fourth Report of the Receiver · 17 Jul 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||
2 people — KSV Restructuring Inc., to 29 Feb 2020
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Top rate $1,095 · 88th percentile of counsel rates, 2020 · of 27
| Date | Document | File |
|---|---|---|
Endorsement of Justice Morawetz dated February 25, 2026
| ||
URPI - Discharge Order dated February 25, 2026
| ||
Factum of the Receiver re Discharge of Receiver (URPI) dated February 23, 2026
| ||
| Motion Record of the Receiver re Discharge dated February 20, 2026 | ||
| Seventh Report of the Receiver dated February 18, 2026 | ||
Motion Record of the Receiver returnable April 13, 2021
| ||
Sixth Report of the Receiver dated March 18, 2021
| ||
Approval and Vesting Order dated December 23, 2020
| ||
Endorsement of Justice Morawetz dated December 23, 2020
| ||
| Book of Authorities of King Towns North Inc. re Motion returnable December 11, 2020 | ||
| Book of Authorities of the Receiver re Motion returnable December 11, 2020 | ||
Factum of King Towns North Inc. re Motion returnable December 11, 2020
| ||
Factum of the Receiver re Motion returnable December 11, 2020
| ||
| Motion Record of the Receiver returnable December 11, 2020 | ||
| Responding Record of King Towns North Inc. re Motion returnable December 11, 2020 | ||
| Affidavit of Guy Gissin dated December 10, 2020 | ||
| Second Supplement to the Fifth Report of the Receiver dated December 10, 2020 | ||
Service List as at December 9, 2020
| ||
| Supplement to the Fifth Report of the Receiver dated December 8, 2020 | ||
| Fifth Report of the Receiver dated November 30, 2020 | ||
Endorsement of Justice Morawetz dated July 23, 2020
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Endorsements of Justice Morawetz dated July 23, 2020
| ||
Motion Record of the Receiver returnable July 23, 2020
| ||
Fourth Report of the Receiver dated July 17, 2020
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Court Order dated December 10, 2019
| ||
Endorsement of Justice Morawetz re Geothermal Energy Supply Agreements dated December 10, 2019
| ||
Endorsement of Justice Morawetz re Settlements and Sale Process Approval dated December 10, 2019
| ||
| Motion Record of the Receiver for Settlements and Sales Process Approval returnable December 10, 2019 | ||
Motion Record of the Receiver returnable December 10, 2019
| ||
| Supplement to Third Report of the Receiver dated December 6, 2019 | ||
| Third Report of the Receiver dated December 3, 2019 | ||
| Second Report of the Receiver dated October 3, 2019 | ||
Court Order re URPI Litigation Schedule dated September 20, 2019
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Endorsement of Justice Morawetz dated June 10, 2019
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Court Order re Curve Settlement Approval dated October 22, 2018
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Endorsement dated October 22, 2018
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Motion Record of the Receiver returnable October 22, 2018
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First Report of the Receiver dated October 17, 2018
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| Court Order (Receivership) dated June 28, 2018 | ||
| Court Order CCAA dated June 28, 2018 | ||
| Endorsement CCAA Court Order dated June 28, 2018 | ||
| Endorsement Court Order (Receivership) dated June 28, 2018 | ||
Notice of Application dated June 28, 2018
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Urbancorp Renewable Power Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/urbancorp-renewable-power-inc