November 15, 2021
1438706 Ontario Limited o/a Motor Impact of Canada, a Toronto, Ontario-based company in the business of importing, exporting and distributing OE genuine auto parts for Korean and Japanese vehicles such as Hyundai, KIA, Toyota, Lexus, Scion, Nissan, lnfiniti, Acura and Subaru, was placed in receivership on November 15, on application by RBC. The company has been experiencing operating losses, which are worsening, since fiscal 2020. Fuller Landau was appointed receiver. Counsel is Minden Gross for RBC and Blaney McMurtry for the company.