Ontario · Receivership (court-appointed)
Application Record - dated May 5,2026
Application / notice of application · 5 May 2026
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A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
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- applicantTHE BANK OF NOVA SCOTIA
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-26-00000193-0000
- appointeeBDO CANADA LIMITED
- appointee roleProposed Receiver
- commencement date4 May 2026
- secured creditorsnote: No outstanding balance stated in the pages reviewed. Credit Agreement dated June 10, 2016 established a ScotiaFlex For Agriculture facility comprising authorized/facility limits (not balances): Term Loan $989,000.00, Credit Line $481,000.00, Scotia Momentum Visa $20,000.00, and Scotialine for business Visa $10,000.00 (total authorized amount stated as $1,500,000.00). Security also includes unlimited personal guarantees of Arthur Morbrook (deceased; guarantee/estate now guarantor), Robert Morbrook, and Mark Morbrook (directors/shareholders of the debtor - related parties; individuals, not companies). · page: 16 · debtor: Morgrove Holsteins Ltd. · creditor: The Bank of Nova Scotia · currency: CAD · security: First-ranking Mortgage/Charge granted by Morgrove in favour of the Bank in the principal sum of $1,500,000.00, registered against 461 Highway 54, Brantford, Ontario on August 2, 2016 as Instrument No. BC299492; also General Security Agreement over all present and after-acquired property under the Business Banking Services Agreement