Ontario · Receivership (court-appointed)
First Report of the Receiver dated May 27, 2026.pdf
Court officer report · 27 May 2026
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What we verified from this filing10 verified
- unsecured creditorsnote: Unsecured portion of source deductions claim totaling $7,065.28, of which $4,087.75 is a deemed trust claim (recorded separately) · page: 7 · as of: 2025-10-01 · basis: Proof of claim filed by CRA on October 1, 2025 · amount: 2977.53 · debtor: 2770603 Ontario Inc. · creditor: Canada Revenue Agency (CRA) - source deductions · currency: CAD
- unsecured creditorsnote: Unsecured portion of GST/HST claim totaling $3,234.84, of which $3,147.60 is a deemed trust claim (recorded separately) · page: 7 · as of: 2025-10-01 · basis: Proof of claim filed by CRA on October 1, 2025 · amount: 87.24 · debtor: 2770603 Ontario Inc. · creditor: Canada Revenue Agency (CRA) - GST/HST · currency: CAD
- unsecured creditorsnote: Deemed trust class claim; portion of total source deductions claim of $7,065.28 · page: 7 · as of: 2025-10-01 · basis: Proof of claim filed by CRA on October 1, 2025 · amount: 4087.75 · debtor: 2770603 Ontario Inc. · creditor: Canada Revenue Agency (CRA) - source deductions deemed trust · currency: CAD
- unsecured creditorsnote: Deemed trust class claim; portion of total GST/HST claim of $3,234.84 · page: 7 · as of: 2025-10-01 · basis: Proof of claim filed by CRA on October 1, 2025 · amount: 3147.6 · debtor: 2770603 Ontario Inc. · creditor: Canada Revenue Agency (CRA) - GST/HST deemed trust · currency: CAD
- secured creditorsnote: Primary secured creditor; payout statement reviewed and accepted by Receiver as at May 19, 2026 ('BMO Indebtedness'); registered principal of $5,720,000 mortgage is not the balance. Personal guarantees of principals Soyab Kika and Bashir Lokhat also exist. · page: 9 · as of: 2026-05-19 · amount: 3723114.64 · debtor: 2770603 Ontario Inc. · creditor: Bank of Montreal (BMO) · currency: CAD · security: First ranking charge/mortgage on Real Property (registered principal amount $5,720,000) and General Security Agreement over all personal property and undertaking of the Debtor
- fee scheduleengagements: form: invoice_listing · rows: Gary Feldman; Mark Willis-O'Connor; fees: 6313.78 · hours: 11 · quote: Total Hours and Amounts Billed | | 11.00 | | $6,313.78 · row kind: subtotal · rate kind: standard · name as stated: Total Hours and Amounts Billed · money: tax: label: HST · quote: HST of $846.43 · amount: 846.43 · fees: quote: comprised of fees of $6,313.78, disbursements of $316.60 and HST of $846.43 · amount: 6313.78 · total: quote: totalling $7,476.81 (comprised of fees of $6,313.78, disbursements of $316.60 and HST of $846.43) · amount: 7476.81 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: disbursements of $316.60 · amount: 316.6 · period: end: 2026-04-28 · kind: invoice · quote: the time period commencing January 12, 2026 to and including April 28, 2026 · start: 2026-01-12 · approval: state: unstated · averages: rate: 573.98 · quote: Average Hourly Rate | | | $573.98 · currency: · invoices: · firm text: Chaitons LLP · firm quote: CHAITONS LLP · hours total: quote: Total Hours and Amounts Billed | | 11.00 · value: 11 · context quote: Lawyers for Grant Thornton Limited, in its capacity as Court-Appointed Receiver
- process resultsbids: 5 · ndas: 13 · note: Marketing campaign metrics from Avison Young's process · as of: 2026-04-22 · solicited: 1500
- purchaserGales Gas Bars Limited
- sale advisorAvison Young (Canada) Inc.
- sale outcometext: Receiver entered into Purchase Agreement, seeking Court approval and vesting order · scope: parcel · status: pending_approval