Ontario · Receivership (court-appointed)
Motion record-approval of sale
Application / notice of application · 6 March 2026
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What we verified from this filing13 verified
- applicantBANK OF MONTREAL
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-25-00000030-0000
- provinceONTARIO
- statutory basissubsection 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 date18 March 2025
- appointeeRosen Goldberg Inc.
- appointee rolereceiver
- secured creditorsnote: BMO's demand letter and Notice of Intention to Enforce Security dated November 28, 2024 stated indebtedness of approximately $2.7 million (prose approximation superseded by the March 3, 2026 balance advised to the Receiver). Shameena Yasmeen and Mohammed Quaraishi are listed as personal guarantors on the service list. BMO holds first mortgage on the Real Property and will suffer a shortfall on completion of the approved sale. · page: 28 · as of: 2026-03-03 · amount: 2957617.28 · debtor: 1000193106 Ontario Incorporated · creditor: Bank of Montreal (BMO) · currency: CAD · security: BMO General Security Agreement dated October 6, 2022; BMO charge/mortgage registered against the Real Property (PIN 71177-0086) on November 3, 2022 in the registered principal amount of $2,702,267.48 (registration/principal amount, not outstanding balance)
- secured creditorsnote: No balance stated in the Report. · page: 29 · debtor: 1000193106 Ontario Incorporated · creditor: CCP Advance Inc. dba Canacap · currency: CAD · security: PPSA financing statement registered August 16, 2024
- secured creditorsnote: No balance stated in the Report. · page: 29 · debtor: 1000193106 Ontario Incorporated · creditor: Journey Capital Inc. · currency: CAD · security: PPSA financing statement registered July 17, 2024
- secured creditorsnote: No balance stated in the Report. · page: 29 · debtor: 1000193106 Ontario Incorporated · creditor: McDougall Energy Inc. · currency: CAD · security: PPSA financing statement registered November 3, 2022 in respect of a general security agreement securing a Motor Fuels Supply Agreement dated December 16, 2020, assigned by Assignment and Assumption Agreement dated October 25, 2022
- recovery outcomeentries: basis: estimated · quote: BMO, who has a first mortgage registered on title to the Real Property, supports the Transaction contemplated by the Sale Agreement, notwithstanding that it will suffer a shortfall on its indebtedness if the Transaction is completed. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Bank of Montreal (first mortgagee) · creditor name: Bank of Montreal · interim final: unstated · conditional on: if the Transaction is completed · claims qualifier: unstated · table missing: