Ontario · Proposal
Second Report of the Proposal Trustee (for motion returnable July 13, 2026)
Court officer report · 8 July 2026
Also filed as: Second Report of the Proposal Trustee (for motion 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 filing5 verified
- secured creditorsnote: Blanket all-property PPSA registrant; no balance or limit stated in the document · page: 4 · debtor: 1382769 Ontario Limited o/a Kelsey's Gardiners Restaurant and 1622356 Ontario Limited o/a Montana's Restaurant · creditor: Recipe Unlimited Corporation (Franchisor) · currency: CAD · security: Registered security interest under the Personal Property Security Act (Ontario) against each of the Companies
- secured creditorsnote: Trustee understands CRA is the Companies' sole pre-NOI creditor with potential arrears owing (deemed-trust class); amount not stated in document · page: 9 · debtor: 1382769 Ontario Limited o/a Kelsey's Gardiners Restaurant and 1622356 Ontario Limited o/a Montana's Restaurant · creditor: Canada Revenue Agency (CRA) · currency: CAD
- purchaser7055579 Canada Inc.
- sale outcometext: SISP and Stalking Horse APA proposed for court approval, not yet completed · scope: whole_business · status: pending_approval
- stalking horse7055579 Canada Inc. (2300000)