Ontario · Receivership (court-appointed)
First Report of the Receiver
Court officer report · 21 May 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 filing2 verified
- secured creditorsnote: RBC is the Applicant that obtained the receivership order (BIA s.243(1)); Receiver's proposed distribution(s) to the Applicant referenced but amount of underlying debt not stated in these pages · page: 4 · debtor: 2668979 Ontario Inc. · creditor: Royal Bank of Canada · currency: CAD · security: Referred to in the First Report as the "Applicant's Security"; specific registration/instrument details not stated on the pages provided
- secured creditorsnote: Lien claimants agreed to vacate the Lien Claims in exchange for the Receiver reserving $300,000 of estate funds as security for the Lien Claims, pending further agreement or further order of the Court; underlying claim amount not stated · page: 8 · debtor: 2668979 Ontario Inc. · creditor: Base-Ex Inc. and Basecrete Inc. · currency: CAD · security: Construction lien claims ("Lien Claims") registered against all PINs of the Remaining Units and the 18 Marret Lane unit