December 21, 2022

Filing Type:

Trustee: KSV

Trustee Counsel: Bennett Jones

Applicant: Cole Diamond Family Trust 2018 and Kinetic Café Inc.

Applicant Counsel: Goodmans



9379-8676 Québec Inc. o/a Wilsons Leasing, which operates as a buyer and seller of luxury and exotic vehicles, was placed in receivership on December 21, on application by Cole Diamond Family Trust 2018 and Kinetic Café Inc., collectively owed $4 million in loans. The loans were due on October 15, 2022. One day before the due date, the company claimed to have made a wire transfer of $1.7 million to the lenders on account of the loans, but the funds never arrived and the originating bank had no record of the wire transfer. The company has not made any repayment on account of the loans. KSV was appointed receiver. Goodmans is counsel for the applicants and Bennett Jones is counsel for the receiver.

By Dina Milivojevic