Ontario · NOI
Motion Record - BDO Canada Limited - Receiver - 19-JAN-2026
Application / notice of application · 19 January 2026
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What we verified from this filing3 verified
- secured creditorsnote: The $2,700,000 figure is a stated facility/charge ceiling, not an outstanding balance. No specific dollar amount for BNS's actual outstanding secured indebtedness is stated in these pages. The Receiver states BNS, as fulcrum creditor, is 'expected to suffer a shortfall on the indebtedness owed to it by the Companies' (i.e., undersecured). · page: 51 · debtor: Upper Canada Growers Ltd. and UCG Land Inc. · creditor: The Bank of Nova Scotia (BNS) · currency: CAD · security: DIP Charge (court-ordered charge on the Property, continued from the NOI proceedings) securing amounts advanced by BNS as DIP lender, capped at a maximum aggregate of $2,700,000 plus interest, fees and expenses; also identified generally throughout the record as the senior secured / fulcrum creditor of the Companies
- fee scheduleengagements: form: invoice_listing · rows: · money: approximate: false · period: kind: cumulative · label: the Period · quote: The average hourly rate billed by the Receiver during the Period is $246.78. · approval: state: unstated · averages: rate: 246.78 · quote: The average hourly rate billed by the Receiver during the Period is $246.78. · currency: · invoices: date: 2025-11-30 · quote: an account dated November 30, 2025 in the amount of $13,061.75 in respect of the period from November 1, 2025 to November 30, 2025 · total: 13061.75 · period end: 2025-11-30 · period start: 2025-11-01; date: 2026-01-14 · quote: an account dated January 14, 2026 in the amount of $8,811.74 in respect of the period from December 1, 2025 to December 31, 2025 · total: 8811.74 · period end: 2025-12-31 · period start: 2025-12-01 · firm text: BDO Canada Limited · firm quote: BDO Canada Limited, in its capacity as Court-appointed Receiver of the Respondents · context quote: BDO was appointed as Receiver of the Property of the Debtors under section 243(1) of the Bankruptcy and Insolvency Act (Canada)
- recovery outcomeentries: basis: estimated · quote: BNS, who is the fulcrum creditor and expected to suffer a shortfall on the indebtedness owed to it by the Companies, is supportive of the Transaction. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: BNS · creditor name: The Bank of Nova Scotia · interim final: unstated · claims qualifier: unstated · stated on: 2026-01-19 · table missing: