#Order
The court appointed msi Spergel inc. as receiver, on the application of ROYAL BANK OF CANADA. Court file CV-25-00004090-0000.
Source: Order of the Honourable Justive Mcsweeney dated October 17, 2025
ZSD Electric Inc.
ActiveFollow
- Proceeding
- Receivership (court-appointed)s. 101 of the Courts of Justice Act, R.S.O. 1990, c.C-43 and s. 243 (1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c.B-3, ss. 67(1)(a) and (e) of the Personal Property Security Act, R.S.O. 1990, c. P.10
- File
- CV-25-00004090-0000
- Industry
- Construction · Specialty trade contractors
Filings held4
Last activity17 Oct 2025
On the record384 days
OverviewSummary updated
ZSD Electric Inc. is the subject of a court-appointed receivership proceeding in the Ontario Superior Court of Justice, commenced on July 28, 2025 under court file number CV-25-00004090-0000. The application invokes s. 101 of the Courts of Justice Act, s. 243(1) of the Bankruptcy and Insolvency Act, and ss. 67(1)(a) and (e) of the Ontario Personal Property Security Act. The proceeding remains active. No further steps have been recorded on the file.
Proceedings AIOpen Proceedings AI
Case updates4 dated entries
#Order
Endorsement of the Honourable Justive Mcsweeney dated October 17, 2025 — Endorsement / reasons
#Filing
Application Record of the Applicant dated August 29, 2025 — Application / notice of application
Parties
Debtor
ZSD Electric Inc.
Receiver
msi Spergel inc.
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice McSweeney | Ontario Superior Court of Justice | 1 order, Oct 2025 | 6 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantRoyal Bank of Canada | Soloway Wright LLP | 17 Oct 2025 | Order · 17 Oct 2025 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Payroll source deduction arrears (CRA)Priority payable / deemed trust class (payroll source deduction arrears). A prior, less precise approximation ("$4,000.00") as of September 5, 2024 is also noted in the record. — debtor: ZSD Electric Inc. · as of 8 Apr 2025 | $4.54K | Application Record of the Applicant dated August 29, 2025 |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
4 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured 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.
Documents4 filings
| Date | Document | File |
|---|---|---|
| Endorsement of the Honourable Justive Mcsweeney dated October 17, 2025 | PDF · Subscribers | |
Order of the Honourable Justive Mcsweeney dated October 17, 2025
| PDF · Subscribers | |
Application Record of the Applicant dated August 29, 2025
| PDF · Subscribers | |
| Factum of the Applicant dated August 29, 2025 | 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., “ZSD Electric Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/zsd-electric-inc