Ontario · Receivership (court-appointed)
First Report of the Receiver dated September 5, 2025
Court officer report · 5 September 2025
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
- report date5 September 2025
- report noFirst Report
- commencement date20 May 2025
- courtOntario Superior Court of Justice (Commercial List)
- court file noCV-25-00740691-00CL
- proceeding typeReceivership
- 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
- financial positionOsmington was owed approximately $31.41 million as at August 15, 2025, excluding costs, and with costs and interest continuing to accrue.
- operational summaryThe Receiver has taken steps to secure the Property, including engaging a third-party contractor at the commencement of the proceedings to secure access
- secured creditorsamount: 48025000 · creditor: Osmington · currency: CAD · date registered: 2022-04-14; amount: 13300000 · creditor: Marshall Zehr Group Inc. · currency: CAD · date registered: 2022-04-14