Ontario · Receivership (court-appointed)
Titan Holdings - First Report of the Receiver dated Nov 8, 2024 - Final
Court officer report · 8 November 2024
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing10 verified
- applicantBANK OF MONTREAL
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-24-00725275-00CL
- provinceONTARIO
- appointeeThe Fuller Landau Group Inc.
- appointee rolereceiver
- commencement date10 September 2024
- statutory basissection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- unsecured creditorsnote: Approximately $750 owed for corporate tax for 280 Inc.; confirmed no other amounts presently owed to CRA for source deductions, HST or corporate tax for the Debtors. · page: 9 · basis: Receiver's First Report, confirmation received re: corporate tax owed · amount: 750 · debtor: 2806859 Ontario Inc. · creditor: Canada Revenue Agency · currency: CAD
- secured creditorsnote: Endorsement states BMO is the only secured creditor of the debtors; 2806859 Ontario Inc. also noted to have withdrawn funds exceeding facility limit by $350,000 (April 10, 2024, separate from balance figure). · page: 30 · as of: 2024-07-24 · amount: 1868264.7 · debtor: Titan Holding Niagara Inc., Titan Grove Holdings Inc., 2806859 Ontario Inc. · creditor: Bank of Montreal · currency: CAD