Ontario · Receivership (court-appointed)
Notice of Application dated August 13, 2026
Application / notice of application · 13 August 2026
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What we verified from this filing10 verified · 1 withheld
- applicantBANK OF MONTREAL
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- proceeding typereceivership_court
- statutory basissection 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 date13 August 2026
- appointeeTDB Restructuring Limited
- appointee rolereceiver and manager
- statutory basissection 243 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the "BIA") and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended (the "CJA")
- secured creditorsnote: BMO is the only registered mortgagee on title and only PPSA secured party registered against Leato; amount also referenced in prose as owed 'plus further accruing interest, fees, costs and expenses'; personal guarantees given by Diana Choi (sole director) and Andy To · page: 4 · as of: 2026-07-06 · amount: 5977935.29 · debtor: Leato Enterprise Ltd. (and Guarantors Diana Choi and Andy To under Guarantee) · creditor: Bank of Montreal · currency: CAD · security: First-ranking mortgages and assignments of rents over 507 Property and 693 Property; general security agreement (GSA) over all present and after-acquired personal property; two demand real estate credit facilities: $2,784,143.52 (507 Property) and $3,200,000 (693 Property); Guarantee limited to aggregate $6,000,000 plus interest and costs
- counselMiller Thomson LLP
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.