Ontario · Receivership (court-appointed)
First Report of the Receiver dated March 19, 2026
Court officer report · 19 March 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 filing4 verified
- secured creditorsnote: Per diem interest of $691.95 thereafter; also acting as purchaser via credit bid under the APS; approx. prose figure also cited as $6,798,972.90 in paragraph 37 · page: 7 · as of: 2026-03-09 · amount: 6798972.8 · debtor: 1000171168 Ontario Inc. · creditor: Port Severn Heights Inc. · currency: CAD · security: First-ranking Charge/Mortgage Instrument No. MT264645 (vendor take-back mortgage, principal amount $6,000,000, registered May 5, 2022)
- secured creditorsnote: Borrowing limit authorized up to $250,000; amount reflects actual amount borrowed to date via Receiver's Certificates · page: 11 · as of: 2026-03-15 · amount: 225000 · debtor: 1000171168 Ontario Inc. · creditor: Port Severn Heights Inc. (as lender under Receiver's Borrowings) · currency: CAD · security: Receiver's Borrowings Charge - fixed and specific charge on the Real Property, subordinate to Receiver's Charge, per paragraph 17 of Appointment Order
- secured creditorsnote: Secures fees and disbursements of Receiver and its counsel · page: 14 · debtor: 1000171168 Ontario Inc. · creditor: TDB Restructuring Limited (Receiver) and Robins Appleby LLP · currency: CAD · security: Receiver's Charge - first charge on the Real Property in priority to all security interests, trusts, liens, charges and encumbrances, subject to sections 14.06(7), 81.4(4), and 81.6(2) of the BIA
- secured creditorsnote: Figure is registered charge amount, not a stated outstanding balance · page: 15 · amount: 4000000 · debtor: 1000171168 Ontario Inc. · creditor: 1000080373 Ontario Inc. · currency: CAD · security: Second-ranking charge, Instrument No. MT264646, registered May 5, 2022 (registered principal amount)