error
Subscriptions are not available for this site while you are logged into your current account.
close
Skip to main content

      Receivership proceedings

      Receivership Proceedings of Southmount Healthcare Centre Inc., 180 Vine Inc., 2478658 Ontario Ltd., 2009 Long Lake Holdings Inc., 65 Larch Holdings Inc., 100 Colborne Holdings Inc., 240 Old Penetanguish Holdings Inc., Gross Properties Inc., 180 Vine Purchaser Inc., and 2413667 Ontario Inc.

      On June 29th, 2021 by Order of the Ontario Superior Court of Justice (Commercial List) (the "Receivership Order"), KPMG Inc. was appointed receiver and manager ("KPMG" or the "Receiver") of, i) Southmount Healthcare Centre Inc., 180 Vine Inc., 2478658 Ontario Ltd., 2009 Long Lake Holdings Inc., 65 Larch Holdings Inc., 100 Colborne Holdings Inc., 240 Old Penetanguish Holdings Inc. (collectively, the "Legal Owners"), and ii) Gross Properties Inc., 180 Vine Purchaser Inc., and 2413667 Ontario Inc. (collectively, the "Beneficial Owners", and together with the Legal Owners, the "Debtors"), but solely in respect of all of the Beneficial Owners' right, title and interest in and to the Legal Owners property, pursuant to section 243 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended, and under Section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43.

      On July 22, 2026, the Receiver filed the Receiver’s Discharge Certificate with the Court which among other things, resulted in the termination of these Receivership Proceedings and the discharge of KPMG Inc. as Receiver.

      Bankruptcy proceedings

      100 Colborne et al.

      100 Colborne Holdings Inc. ("100 Colborne"), 2478658 Ontario Ltd. ("247 Ontario") and 240 Penetanguish Holdings Inc. ("240 Penetang" and collectively with 100 Colborne and 247 Ontario, "100 Colborne et. al.") filed assignments on the 28th day of June, 2022 and KPMG Inc. was appointed as trustee of the estates of each of the bankrupts by the official receiver, subject to affirmation by the respective creditors of the trustee's appointment or substitution of another trustee by the creditors.

      Pursuant to an Order of the Ontario Superior Court of Justice [Commercial List] dated May 24, 2022, the trustee is authorized to carry out its administrative duties and responsibilities as if the bankruptcy proceedings of 100 Colborne et. al. were a single proceeding under the Bankruptcy and Insolvency Act (Canada). As such, the first meeting of creditors of the various 100 Colborne et. al. entities was consolidated, and was held on the 14th day of July 2022 at 11:00 AM at: Virtual Meeting or Conference ID: 646205640#, 647-794-1236.

      Southmount et al.

      Southmount Healthcare Centre Inc. ("Southmount"), and 180 Vine Purchaser Inc. ("Vine Purchaser Co.", and collectively with Southmount, "Southmount et. al.") filed assignments on the 29th day of August, 2022 and KPMG Inc. was appointed as trustee of the estates of each of the bankrupts by the official receiver, subject to affirmation by the respective creditors of the trustee's appointment or substitution of another trustee by the creditors.

      Pursuant to an Order of the Ontario Superior Court of Justice [Commercial List] dated July 15, 2022, the trustee is authorized to carry out its administrative duties and responsibilities as if the bankruptcy proceedings of Southmount et. al. were a single proceeding under the Bankruptcy and Insolvency Act (Canada). As such, the first meeting of creditors of Southmount and Vine Purchaser Co. was consolidated, and was held on the 15th day of September 2022 at 11:00 AM at: Virtual Meeting or Conference ID: 802661754#, 647-794-1236.

      2009 Long Lake et al.

      2009 Long Lake Holdings Inc. (“2009 Long Lake”), and 65 Larch Holdings Inc. ("65 Larch", and collectively with 2009 Long Lake, “2009 Long Lake et al.”), filed assignments on the 29th day of September, 2022, and KPMG Inc. was appointed as trustee of the bankrupt estates by the official receiver, subject to affirmation by the respective creditors of the trustee's appointment or substitution of another trustee by the creditors.

      Pursuant to an Order of the Ontario Superior Court of Justice [Commercial List] dated July 15, 2022, the trustee is authorized, among other things, to carry out its administrative duties and responsibilities as if the bankruptcy proceedings of 2009 Long Lake et al. were a single proceeding under the Bankruptcy and Insolvency Act (Canada). As such, the first meeting of creditors of 2009 Long Lake and 65 Larch was consolidated, and was held on the 19th day of October 2022 at 11:00 AM at: Virtual Meeting or Conference ID: 90096637#, 647-794-1236.


      Contact













      Connect with us

      account_balance

      Information on companies for which KPMG is acting as Monitor, Receiver and Manager, Liquidator, or Trustee in Bankruptcy.