Ontario · Receivership (court-appointed)
Receivership Order dated December 11, 2025
Receivership order · 11 December 2025
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What we verified from this filing23 verified · 1 withheld
- applicantNational Bank of Canada
- applicantNational Bank of Canada
- appointeeKSV Restructuring Inc.
- appointeeKSV Restructuring Inc.
- appointee rolereceiver and manager
- appointee roleReceiver and manager
- commencement date11 December 2025
- courtOntario Superior Court of Justice (Commercial List)
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noCV-25-00749775-00CL
- court file noCV-25-00749775-00CL
- debtor namesDrop Technologies Inc. (formerly known as Drop Loyalty Inc.); Drop Technologies USA Inc.; Drop Technologies Holdings ULC
- order date11 December 2025
- proceeding typeReceivership application under subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- provinceOntario
- provinceONTARIO
- statutory basissection 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended
- stay grantedtrue
- secured amountamount: 300000
- chargesReceiver's Charge; Receiver's Borrowings Charge (300000)
- counselAird & Berlis LLP
- presiding officerJustice Jana Steele
- presiding officerJustice Jana Steele
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.