2563773 Ontario Inc. o/a Allure Hotel & Suites
Receivership
Page last updated: April 21, 2024
This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.
Status of file as of August 22, 2023
On August 18, 2023 (the “Date of Appointment”), pursuant to an order (the “Receivership Order”) of the Ontario Superior Court of Justice Commercial List (the “Court”), PricewaterhouseCoopers Inc., LIT (“PwC”) was appointed as receiver and manager (the “Receiver”), without security, of all of the assets, undertakings and properties (the “Property”) of 2563773 Ontario Inc. (the “Company”) acquired for, or used in relation to a business carried on by the Company, pursuant to section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (the “BIA”) and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended.
The Receivership Order was granted pursuant to an application made by Canadian Western Bank (“CWB” or the Applicant”).
In accordance with the provisions of the BIA, a Notice and Statement of the Receiver (the “Notice”) was sent to all known creditors of the Company on August 31, 2023. A copy of the Notice is posted on the “Notices” page of this website.
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