Ontario · Interim receivership
Application Record
Application / notice of application · 9 October 2025
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What we verified from this filing7 verified
- applicantMERIDIAN CREDIT UNION LIMITED
- courtSUPERIOR COURT OF JUSTICE COMMERCIAL LIST
- court file noCV-25-00753523-00CL
- provinceONTARIO
- statutory basisSubsections 47 and 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
- commencement date8 October 2025
- secured creditorsnote: Stated as approximate ('approximately $10,833,180.51') total indebtedness owing across all Respondents as at May 6, 2025, per Notices of Intention to Enforce Security; document does not break out per-debtor balances in these pages. · page: 13 · as of: 2025-05-06 · amount: 10833180.51 · debtor: 2225909 Ontario Inc., 2397495 Ontario Ltd., 2619342 Ontario Inc., Al-Baasit Foods Inc., Al-Haadi Foods Inc., Al-Haqq Foods Inc., Al-Khaliq Foods Inc., Al-Mueed Foods Inc., Al-Razzaaq Foods Inc., Al-Waali Foods Inc., Al-Wakeel Foods Inc., An-Naafi Foods Inc., MIFK Foods Inc., Y & F Food Corporation Ltd. (collectively 'the Respondents') · creditor: Meridian Credit Union Limited · currency: CAD · security: General Security Agreements dated March 21, 2023 (Borrower Respondents) and Guarantee/General Security Agreement dated July 8, 2024 (Al-Razzaaq Foods Inc.); Al-Haadi Foods Inc. and Al-Razzaaq Foods Inc. (Guarantor Respondents) also provided guarantees/GSAs securing obligations of related corporation 2690195 Ontario Inc. to Meridian