November 13, 2020

Filing Type:

Trustee: MNP

Applicant: CIBC

Applicant Counsel: Gowling WLG



Nauss Pluming & Heating Inc., a Sudbury, Ontario-based plumbing company, was placed in receivership on November 13 on application by CIBC, owed approximately $1.1 million. Last November, the parties entered into a settlement agreement pursuant to which the company consented to the appointment of MNP as receiver unless it fully repaid its indebtedness by January 10, 2020. The company failed to do so and counsel for the parties attended a hearing in January to appoint the receiver. However, the application was adjourned to permit a motion to be brought to enforce the alleged settlement action. However, various scheduling conflicts and COVID-19 shutdown measures had resulted in the motion being adjourned until further notice. MNP was appointed receiver. Gowling WLG is counsel to the applicant.