Ontario · Receivership (court-appointed)
First Report of the Receiver dated May 12, 2026.pdf
Court officer report · 12 May 2026
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What we verified from this filing10 verified
- applicantRoyal Bank of Canada
- appointeeGrant Thornton Limited
- courtONTARIO SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noCL-26-00003632-0000
- statutory basissection 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended, and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended
- appointee rolereceiver
- commencement date23 April 2026
- operational summaryManagement has refused to cooperate with the Receiver, withholding books and records, and has indicated it intends to keep operating the Companies on a business-as-usual basis; the Receiver has been unable to take possession of operations and has advised that operations should now cease due to lack of funding.
- report date12 May 2026
- report noFirst Report