Ontario · Proposal
Motion Record (returnable July 13, 2026)
Application / notice of application · 3 July 2026
Also filed as: Motion Record (returnable July 13, 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 filing12 verified
- commencement date3 July 2026
- courtONTARIO SUPERIOR COURT OF JUSTICE (EAST REGION COMMERCIAL LIST)
- court file no33-3368241
- applicant1382769 Ontario Limited and 1622356 Ontario Limited
- appointeeAlbert Gelman Inc.
- appointee roletrustee
- secured creditorsnote: Described in the Lloyd affidavit (July 3, 2026) as "the Companies' only registered secured creditor"; registration details from Ontario PPSA search (Exhibit E), file currency May 6, 2026, appended at pp. 116-117 of the record · page: 17 · as of: 2026-05-06 · debtor: 1382769 Ontario Limited and 1622356 Ontario Limited · creditor: Recipe Unlimited Corporation (successor by name change to Cara Operations Limited) (the "Franchisor") · currency: CAD · security: Blanket PPSA Form 1C financing statement (registration no. 20120307 1525 1793 1704, expiry 2032-03-07) covering inventory, equipment, accounts, other collateral and motor vehicles; secured party name amended 2021 (registration no. 20210513 0912 1793 3126) to reflect change from Cara Operations Limited to Recipe Unlimited Corporation following 2018 articles of amendment; no dollar amount/limit stated in the registration
- unsecured creditorsnote: Not yet allowed or disallowed by the Proposal Trustee; of the total, $216,507.63 is claimed under BIA s.60(1.1) and must be paid within six months of proposal approval per counsel's advice · page: 18 · as of: first Stay Period extension period · basis: Unsecured proof of claim filed with the Proposal Trustee · amount: 2272177.33 · debtor: 1622356 Ontario Limited (MontanaCo) · creditor: Canada Revenue Agency (CRA MontanaCo PoC) · currency: CAD
- unsecured creditorsnote: Not yet allowed or disallowed by the Proposal Trustee; of the total, only $25.61 is claimed under BIA s.60(1.1) and must be paid within six months of proposal approval per counsel's advice; CRA states it garnished $7,288.47 and collected $13,161.12 in arrears within three months pre-filing (p.19), which the Companies/Trustee are evaluating as potential preferential payments given the Franchisor's (and prospective Administration Charge holders') perfected security · page: 18 · as of: first Stay Period extension period · basis: Unsecured proof of claim filed with the Proposal Trustee · amount: 1137404.24 · debtor: 1382769 Ontario Limited (KelseyCo) · creditor: Canada Revenue Agency (CRA KelseyCo PoC) · currency: CAD
- counselMiller Thomson LLP
- lawyerJoël Turgeon
- lawyerJoël Turgeon