On March 15, 2017, Meridion Highrise Ltd., Meridion Holdings Corp., Meridion Structures Ltd. and 2437156 Ontario Inc. (collectively referred to as the “Meridion Group”) each filed a Notice of Intention to Make a Proposal (“NOI”) under section 50.4 of the Bankruptcy and Insolvency Act and B. Riley Farber Inc. (“B. Riley Farber“) was appointed as Proposal Trustee for the estates.
The NOI filings by the Meridion Group provide an automatic stay of proceedings against the creditors of the Meridion Group for a 30 day period (the “Stay Period”), thus providing the opportunity to restructure the affairs of Meridion Group and formulate a proposal to creditors. Copies of the NOI and notice to creditors are posted below.
Status Updates
The Meridion Group was not able to file a viable Proposal with the Proposal Trustee by May 29, 2017 and as such, each entity listed above has been deemed bankrupt effective May 30, 2017. B. Riley Farber has been appointed Trustee in Bankruptcy.
Court Proceedings to appoint Interim Receiver
On March 22, 2017, the Meridion Group brought motions in front of the Ontario Superior Court of Justice (Commercial List) (the “Court”) for Orders to, among other things:
- Consolidate the NOI proceedings; and
- Appoint B. Riley Farber as Interim Receiver, without security, for limited purposes (detailed in the Motion Records posted below).
The relief requested in these motions have been granted. Copies of the Motion Records (and related materials) and Court Orders are posted below.
Creditor or employee enquiries
For creditor or employee enquiries, please contact:
Stuart Mitchell
T: 416.496.3774
E: smitchell@brileyfin.com
The case updates and court filed documents on this website are for information purposes only and you should consult your financial or legal adviser if you have any questions or concerns about your rights or obligations. Additional updates on the status of these proceedings may become available in the future.
Documents
Bankruptcy Documents
- 2437156 Ontario Inc. Certificate of Assignment
- Meridion Highrise Ltd. Certificate of Assignment
- Meridion Holdings Corp. Certificate of Assignment
- Meridion Structures Ltd. Certificate of Assignment
NOI Documents
- Notice of Intention to Make a Proposal of 2437156 Ontario Ltd.
- Notice of Intention to Make a Propoal of Meridion Highrise Ltd.
- Notice of Intention to Make a Proposal of Meridion Holdings Corp.
- Notice of Intention to Make a Proposal of Meridion Structures Ltd.
Proposal Trustee Reports
Bankruptcy Trustee Reports
- First Report of Bankruptcy Trustee, dated May 30, 2017
- Second Report of Bankruptcy Trustee, dated August 22, 2017
- Supplement to the Second Report of Bankruptcy Trustee, dated February 26, 2018
Motion Materials
- Motion Record of 2437156 Ontario Inc., returnable March 22, 2017
- Motion Record of Meridion Highrise Ltd., returnable March 22, 2017
- Factum of Meridion Highrise Ltd., returnable March 22, 2017
- Brief of Authorities of Meridion Highrise Ltd., returnable March 22, 2017
- Motion Record of Meridion Holdings Corp., returnable March 22, 2017
- Motion Record of Meridion Structures Ltd., returnable March 22, 2017
- Motion Record of Meridion, dated March 28, 2017
- Motion Record of Meridion re: Extending Proposal Filing Deadline, returnable April 6, 2017
- Supplementary Affidavit of M. Mungo (redacted), sworn April 11, 2017
- Motion Record returnable June 2, 2017
- Motion Record returnable August 29, 2017
- Motion Record returnable March 1, 2018
Court Orders and Endorsements
- Order of Justice Conway, March 1, 2018
- Order of Justice Hainey (Appointing Interim Receiver), March 22, 2017
- Order of Justice Hainey (Consolidation Order of Meridion Structures Ltd.)
- Order of Justice Hainey (Consolidation Order of Meridion Holdings Corp.)
- Order of Justice Hainey (Consolidation Order of Meridion Highrise Ltd.)
- Order of Justice Hainey (Consolidation Order of 2437156 Ontario Ltd.)
- Order of Justice Hainey Amending Interim Receivership Order, March 28, 2017
- Endorsement of Justice Hainey Amending Interim Receivership Order, March 28, 2017
- Order of Justice Conway, dated April 6, 2017
- Endorsement of Justice Conway, dated April 6, 2017
- Order of Justice Hainey, dated April 11, 2017
- Endorsement of Justice Hainey, dated April 11, 2017
- Order of Justice Hainey, dated June 2, 2017
- Endorsement of Jutice Hainey, dated June 2, 2017
- Endorsement of Justice Hainey, dated August 29/30, 2017