Ontario · Receivership (court-appointed)
First Report of the Receiver dated September 19, 2025
Court officer report · 19 September 2025
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 filing6 verified
- secured creditorsnote: Total as reported in Receiver's summary table; Receiver intends to pay outstanding property taxes from proceeds of sale of the Real Properties · page: 8 · as of: 2025-08-07 · amount: 120193.32 · debtor: 2301402 Ontario Limited · creditor: Township of Lucan Biddulph · currency: CAD · security: Statutory municipal property tax arrears against the Real Properties (by roll number: 133 Main St. $4,007.57; 135 Main St. $5,220.73; 139 & 141 Main St. $105,728.92; 143 Main St. $5,236.10)
- secured creditorsnote: Referred to as 'MZ 306 Loan' (commitment letter July 4, 2014, as amended Dec 18, 2019 and Dec 22, 2021), original/commitment principal $17,262,643.59; also called 'Second Loan' in Receiver's First Report (p.6). $22,123,416 is stated as an approximate balance for principal, interest and expenses, excluding legal costs, as of January 28, 2025 (per affidavit). Guaranteed by JHCR (Guarantee and Postponement of Claims dated Feb 7, 2022, secured by JHCR GSA) and by 2233525 Ontario Inc. ('223') (Corporate Agreement of Guarantee dated July 21, 2014 and Guarantee dated Feb 7, 2022, secured by 223 GSA); 223 is wholly-owned and controlled by MZ - related party guarantor. · page: 42 · as of: 2025-01-28 · amount: 22123416 · debtor: 2301402 Ontario Limited · creditor: MarshallZehr Group Inc. (MZ) · currency: CAD · security: First Charge/Mortgage of Land (principal $20,000,000) against 135, 139, 141 & 143 Main St. ('Original Charge Lands'), reg. July 25, 2014, amended Feb 5, 2020; Collateral first Charge/Mortgage of Land (principal $20,000,000) against 133 Main St., reg. Feb 5, 2020; General Assignments of Rents on both properties; General Security Agreement dated July 21, 2014 (blanket security interest in all Borrower assets)
- secured creditorsnote: Referred to as 'MZ 307 Loan' (commitment letter July 3, 2014, as amended Dec 18, 2019 and Dec 22, 2021), original/commitment principal $8,850,157.40; also called 'First Loan' in Receiver's First Report (p.6). $11,004,806 is stated as an approximate balance for principal, interest and expenses, excluding legal costs, as of January 28, 2025. Guaranteed by JHCR and by 223 (related party to MZ - see MZ 306 entry). · page: 44 · as of: 2025-01-28 · amount: 11004806 · debtor: 2301402 Ontario Limited · creditor: MarshallZehr Group Inc. (MZ) · currency: CAD · security: Second Charge/Mortgage of Land (principal $10,000,000) against Original Charge Lands, reg. July 25, 2014, amended Feb 5, 2020; Collateral second Charge/Mortgage of Land (principal $10,000,000) against 133 Main St. (Collateral Charge Lands), reg. Feb 5, 2020; General Assignments of Rents on both properties; General Security Agreement dated July 21, 2014
- secured creditorsnote: Referred to as 'MZ 308 Loan' (commitment letter December 13, 2019, as amended December 22, 2021), original/commitment principal $13,139,839.02; also called 'Third Loan' in Receiver's First Report (p.6). $5,139,839.02 is stated as an approximate balance for principal, interest and expenses, excluding legal costs, as of January 28, 2025. Guaranteed by JHCR (secured by JHCR GSA). · page: 45 · as of: 2025-01-28 · amount: 5139839.02 · debtor: 2301402 Ontario Limited · creditor: MarshallZehr Group Inc. (MZ) · currency: CAD · security: Third Charge/Mortgage of Land (principal $15,000,000) against the Real Property, reg. Feb 5, 2020; General Assignment of Rents; General Security Agreement dated December 23, 2019
- secured creditorsnote: Only other PPSA registrant against the Borrower besides MZ, per Enquiry Response Certificate current as of February 6, 2025; blanket-type registration, amount of indebtedness not stated in the document · page: 49 · as of: 2025-02-06 · debtor: 2301402 Ontario Limited · creditor: Bank of Montreal · currency: CAD · security: PPSA registration (Reg. No. 20160527 1716 1862 7310; File No. 717060663) in 'inventory', 'equipment', 'accounts', 'other' and 'motor vehicle included'
- fee scheduleengagements: form: time_summary · rows: Harvey G. Chaiton; Danish Afroz; Mark Willis-O'Connor · money: tax: label: HST · quote: Total Taxes (HST) | | | | $2,040.16 · amount: 2040.16 · fees: quote: Total Hours and Amounts Billed | | 23.60 | | $15,687.50 · amount: 15687.5 · total: quote: TOTAL | | | | $17,733.66 · amount: 17733.66 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Total Costs | | | | $6.00 · amount: 6 · period: end: 2025-08-31 · kind: invoice · quote: Attached hereto and marked as Exhibit 'A' is a true copy of the account issued by Chaitons to the Receiver for the period commencing May 28, 2025, and ending August 31, 2025, · start: 2025-05-28 · approval: quote: approving the fees and disbursements of the Receiver and of the Receiver's counsel , Chaitons LLP (' Chaitons '). · state: sought · averages: rate: 664.72 · quote: Average Hourly Rate | | | $664.72 | · currency: · invoices: · firm text: Chaitons LLP · firm quote: iv. approving the fees and disbursements of the Receiver and of the Receiver's counsel , Chaitons LLP (' Chaitons '). · hours total: quote: Total Hours and Amounts Billed | | 23.60 | | $15,687.50 · value: 23.6 · context quote: Attached hereto and marked as Exhibit 'A' is a true copy of the account issued by Chaitons to the Receiver for the period commencing May 28, 2025, and ending August 31, 2025,