Receivership Proceedings of Victoria Holdings

Receivership proceedings

​Receivership Proceedings of Victoria Avenue North Holdings Inc. and The Parties Listed on Schedule "A".

On August 3rd, 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, among other things, Victoria Avenue North Holdings Inc., which owns the buildings located at 304 Victoria Avenue North and 414 Victoria Avenue North (the "Properties"), 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

Victoria Avenue North Holdings Inc. (“Victoria Avenue”) filed an assignment on the 20th day of June, 2023 and KPMG Inc. was appointed as Trustee of the estate of the bankrupt by the official receiver, subject to affirmation by the creditors of the Trustee’s appointment or substitution of another Trustee by the creditors.

The first meeting of creditors of Victoria Avenue was held on July 6, 2023 at 10:00 am EST via virtual meeting at phone conference ID: 145929322#, Tel: 647-794-1236.