Vandyk-Vanmills Plaza Inc.
- Proceeding
- Receivership (court-appointed)section 47(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-24-00000091-0000
- Industry
- Real estate · Rental & income property
Vandyk-Vanmills Plaza Inc. was placed in a court-appointed receivership in the Ontario Superior Court of Justice on the application of the Royal Bank of Canada, with The Fuller Landau Group Inc. appointed receiver and manager under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act (court file CV-24-00000091-0000).
The court granted an approval and vesting order for the sale to 1900 Drive Holdings Inc. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction/waiver of Closing conditions.
Source: Approval and Vesting Order
The court appointed The Fuller Landau Group Inc. as receiver and manager, on the application of ROYAL BANK OF CANADA. Court file CV-24-00000091-0000.
Source: Appointing Receivership Order
Debtor
Vandyk-Vanmills Plaza Inc.
Receiver
Fuller Landau
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Barnes | Ontario Superior Court of Justice | 3 orders, Oct 2024 | 3 cases on record |
| Justice Stewart | Ontario Superior Court of Justice | 2 orders, Feb 2024 | 11 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverFuller Landau | Chaitons LLP | 23 May 2024 | Order · 8 Oct 2024 |
| ApplicantRoyal Bank of Canada | Harrison Pensa LLP | 20 Feb 2024 | Order · 20 Feb 2024 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Kay Family Investments Inc. · in 2 casesMortgage over the Real Property registered July 19, 2019, in the principal amount of $14,500,000. Second mortgagee. — Amount per Kay Family mortgage discharge statement indicating indebtedness of $15,590,479.46 plus legal and professional costs as of February 27, 2024. The $14,500,000 is a registered principal/registration figure, not a balance. Security review not yet undertaken by Receiver (security opinion pending). — debtor: Vandyk-Vanmills Plaza Inc. · as of 27 Feb 2024 | $15.6M | Receiver's First Report |
| Secured | |||
| Secured | |||
| Secured |
3 more claims in 1 class The stack holds Secured claims.
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See all plansThis 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.
Sale approved — distributions to Royal Bank of Canada, Kay Family Investments Inc. and O Canada Capital Inc. from the proceeds of sale of the Transaction, as described in the Second Report, are hereby approvedOrder (Ancillary Relief) · 8 Oct 2024
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 1900 Drive Holdings Inc.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the 'Purchased Assets') · real property · agreement 21 Aug 2024 | not stated | Approved8 Oct 2024 | Order (Ancillary Relief) |
| Date | Document | File |
|---|---|---|
Order
| PDF · Subscribers | |
| Motion Record | PDF · Subscribers | |
Endorsement
| PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
Order (Ancillary Relief)
| PDF · Subscribers | |
Court Order
| PDF · Subscribers | |
Court Order Endorsement
| PDF · Subscribers | |
Receiver's First Report
| PDF · Subscribers | |
Appointing Receivership Order
| PDF · Subscribers | |
Appointing Interim Receivership Order
| PDF · Subscribers | |
Application Record
| 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., “Vandyk-Vanmills Plaza Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/vandyk-vanmills-plaza-inc