December 16, 2019
2145744 Ontario Limited, owner of real property municipally known as 203 Indian Road South, Sarnia, Ontario, was placed in receivership on December 16 on application by Laurentian Bank, owed approximately $3.7 million. The property contains a Shell-branded retail gas station and a Burger King restaurant, owned by related companies. In September, CIBC obtained, on an ex-parte basis, a receivership order over this company and certain other related companies. Seeking to protect its own interests, Laurentian requested, and was granted, an order carving out this company from the other receivership proceedings. KSV was appointed receiver. Counsel is Chaitons for the applicant and DLA Piper for the receiver.