1000093910 Ontario Inc., Receivership

1000093910 Ontario Inc., the owner of an industrial property in Vaughan, Ontario, was placed into receivership on September 13, on application by Peakhill Capital Inc., owed approximately $19.3 million. Peakhill provided a loan to the company to allow it to purchase the property. The company has defaulted on its payment obligations under the loan and a subsequent forbearance agreement. KSV was appointed receiver. Counsel is Robins Appleby for Peakhill, Cassels for the company and Bennett Jones for the receiver.

By: Dina Milivojevic