ZM Global Inc.
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
ZM Global Inc. was placed in court-appointed receivership under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority in the Ontario Superior Court of Justice, in proceedings commenced on January 15, 2021. The proceeding is now closed. The debt is owed to First Commercial Bank by ZM Global Inc. together with Hong Lou Xu, also known as Honglou Xu, and is supported by a General Security Agreement dated September 1, 2016, a Charge/Mortgage of Land over ten condominium units at 7250 Keele Street in Vaughan, Ontario registered the same day, and a Guarantee and Indemnity from Hong Lou Xu of the same date. A security opinion on the record confirms the validity of that security.
Receivership Order of the Honourable Justice McEwen dated January 15, 2021 — Receivership order
Debtor
ZM Global Inc.
Receiver
msi Spergel inc.
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Conway | Ontario Superior Court of Justice | 2 orders, May 2021 | 310 cases on record |
| Justice McEwen | Ontario Superior Court of Justice | 2 orders, Jan 2021 | 143 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Receivermsi Spergel inc. | Fasken Martineau DuMoulin LLP | 27 May 2021 | Endorsement · 27 May 2021 |
| Applicant | Fasken Martineau DuMoulin LLP | 15 Jan 2021 | Order · 15 Jan 2021 |
| CreditorFirst Commercial Bank and msi Spergel inc | Fasken Martineau DuMoulin LLP | 8 Feb 2021 | Service list · 8 Feb 2021 |
| CreditorYork Region Standard Condominium Corporation | Gardiner Miller Arnold LLP | 8 Feb 2021 | Service list · 8 Feb 2021 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | First Commercial Bank · in 4 casesGeneral Security Agreement dated September 1, 2016; Charge/Mortgage of Land over 10 condominium units at 7250 Keele Street, Vaughan, Ontario registered September 1, 2016; Guarantee and Indemnity given by Hong Lou Xu dated September 1, 2016 — Amount owing not stated in these pages; security opinion (Tab 17) confirms validity of security but does not state outstanding balance. Payout Statement from FCB (Tab 18) referenced in table of contents but not included in extracted pages. — debtor: ZM Global Inc. and Hong Lou Xu (a/k/a Honglou Xu) | — | Motion Record of the Receiver - Volume III of III |
“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.
Closed · the record states no distribution outcome.
3 engagements · 3 firms — latest: Fasken Martineau DuMoulin LLP, 15 Jan – 7 May 2021, incl. taxMotion Record of the Receiver - Volume I of III · 12 May 2021
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Fasken Martineau DuMoulin LLPCounsel to the receiver | 15 Jan – 7 May 2021Approved | — | not stated | Motion Record of the Receiver - Volume I of III · 12 May 2021 | |
| MacDonald Sager Manis LLPCounsel to the receiver | 15 Jan – 7 May 2021Approved | — | not stated | Motion Record of the Receiver - Volume I of III · 12 May 2021 | |
| msi Spergel inc.Receiver | 15 Jan – 7 May 2021Approved | — | not stated | Motion Record of the Receiver - Volume I of III · 12 May 2021 |
3 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Approval and Vesting Order of the Honourable Justice Conway dated May 27, 2021
| PDF · Subscribers | |
Counsel Slip dated May 27, 2021
| PDF · Subscribers | |
Discharge Order of the Honourable Justice Conway dated May 27, 2021
| PDF · Subscribers | |
Motion Record of the Receiver - Volume I of III
| PDF · Subscribers | |
| Motion Record of the Receiver - Volume II of III | PDF · Subscribers | |
Motion Record of the Receiver - Volume III of III
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Endorsement of the Honourable Justice McEwen dated January 15, 2021
| PDF · Subscribers | |
Receivership Order of the Honourable Justice McEwen dated January 15, 2021
| PDF · Subscribers | |
| Application of Record - Volume I of II | PDF · Subscribers | |
| Application of Record - Volume II of II | 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., “ZM Global Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/zm-global-inc