Ontario · Receivership (court-appointed)
Receiver’s Third Report dated March 20, 2026
Court officer report · 20 March 2026
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 filing11 verified
- closing confirmedscope: 321 Somme Street · outcome: completed · effective: 2026-03-03 · purchaser: the 321 Purchasers · date basis: stated
- disbursementssince: June 6, 2025 · amount: 319221 · currency: CAD
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · label: the Period · approval: state: unstated · averages: rate: 514.82 · quote: The average hourly rate charged during the Period was $514.82. · currency: · invoices: · firm text: TDB Restructuring Limited · firm quote: TDB Restructuring Limited was appointed receiver (the 'Receiver'), without security, of all of the assets, undertakings and property of the Respondent · context quote: TDB Restructuring Limited was appointed receiver and manager (the ' Receiver ')
- operational summaryThe Receiver completed the sale of 321 Somme Street, assigned the Woodstock Debtor into bankruptcy, and is negotiating termination of the remaining Somme Street purchase agreements while continuing to manage and market a tenanted property at 745088 Oxford Road.
- professional feesnote: Includes HST of $11,007.74; separate fee approvals also requested for counsel Robins Appleby ($6,955.72 inclusive of HST, Oct 15-Nov 26, 2025) and Lerners ($87,500.72 inclusive of HST, Sept 25, 2025-Mar 18, 2026). · party: Receiver (TDB Restructuring Limited) · amount: 95682.59 · period: October 1, 2025 to February 28, 2026 · currency: CAD
- purchaserChandni Puri and Harpreet S. Dhandwar; price: sealed: false · scope: 357 Somme Street (Lot 17) · status: not_completed · name note: purchaser of 357 Somme Street, believed to be related to the Woodstock Debtor · structure: real_property · name source: recital · relationship: related_party; price: sealed: false · scope: 357 Somme Street (Lot 17), 369 Somme Street (Lot 14), 372 Somme Street (Lot 41), 376 Somme Street (Lot 42), and 392 Somme Street (Lot 46) · status: not_completed · name note: remaining Somme Street Purchasers under agreements the Receiver seeks to terminate · structure: real_property · name source: recital · relationship: unstated
- receipts cumulativenote: Includes advances made by Fiera totaling $325,000 pursuant to Receiver's Certificates. · since: June 6, 2025 · amount: 756960 · currency: CAD
- report date20 March 2026
- report noThird Report
- sale advisorColliers Macaulay Nicholls Inc., Brokerage; Remax Realty Brokerage, Inc.; Kadima Intermanagement Inc.
- sale outcometext: sale of 321 Somme Street closed; remaining Somme Street sales to be terminated and homes remarketed · scope: parcel · status: closed