Ontario · Receivership (court-appointed)
Second Court Report
Court officer report · 11 June 2026
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What we verified from this filing10 verified
- cash on handnote: Reported exclusive of the deposit paid by the Purchaser, to preserve confidentiality of the contemplated sale until completion. · as at: 2026-05-15 · amount: 38452 · currency: CAD · qualifier: exclusive of Purchaser's deposit
- disbursementsnote: Primarily for insurance, repairs and maintenance, utilities and security, per Interim Statement of Receipts and Disbursements as at May 15, 2026. · amount: 72022 · currency: CAD
- operational summaryThe Debtor ceased fuel station operations after losing both its fuel suppliers and has had no active business since; the Receiver has been maintaining, securing and marketing the Real Property, culminating in a sale solicitation process and a proposed sale to Global Fuels Properties Inc.
- process resultsndas: 20 · note: twenty-nine interested parties identified; twenty executed NDAs; eleven qualified offers received by the bid deadline · as of: 2026-04-24 · solicited: 29 · qualified bids: 11
- professional feesnote: Amount stated before HST. Chaitons, the Receiver's legal counsel, separately submitted five invoices totalling $38,984.95 before HST for the receivership period. · party: MNP Ltd. (Receiver) · amount: 106712.55 · period: July 2, 2025 to June 11, 2026 · currency: CAD
- purchaserGlobal Fuels Properties Inc.
- receipts cumulativenote: Receipts from sale of fuel remaining in underground storage tanks, as referenced in the Interim Statement of Receipts and Disbursements as at May 15, 2026. · amount: 29735 · currency: CAD
- report date11 June 2026
- report noSecond Report
- sale outcometext: Receiver accepted the bid submitted by the Purchaser and proceeded to finalize the APA, requesting Court approval of the Transaction · scope: parcel · status: pending_approval