728835 Ontario Ltd. (Bankrupt), Re, (1998) 64 O.T.C. 339 (GD)

• Jurisdiction: Ontario
• Court: Ontario Court of Justice General Division (Canada)
• Judge: Lederman, J.
• Citation: (1998), 64 O.T.C. 339 (GD)
• Date: 08 May 1998

728835 Ont. Ltd. (Bankrupt), Re (1998), 64 O.T.C. 339 (GD)

MLB headnote and full text

Temp. Cite: [1998] O.T.C. TBEd. MY.083

In The Matter of the proposal of 728835 Ontario Limited o/a Cellular World of the former City of North York now the amalgamated City of Toronto, in the Province of Ontario

(No. 31-347145)

Indexed As: 728835 Ontario Ltd. (Bankrupt), Re

Ontario Court of Justice

General Division

Commercial List

Lederman, J.

May 18, 1998.

Summary:

728835 Ontario Ltd. (Cellular World) filed a Notice of Intention to file a proposal under the Bankruptcy and Insolvency Act. Pending the filing of its proposal, Cellular World applied for interim relief to prevent its creditor Cantel from exercising its right of set-off and to compel Cantel to supply goods on credit to Cellular World.

The Ontario Court (General Division) dismissed the application.

Bankruptcy - Topic 2302

Proposals - Effect of proposal - Notice of intention - See paragraphs 1 to 10.

Bankruptcy - Topic 3638

Creditors - General - Claims - General - Set-off - See paragraphs 4 to 6.

Statutes Noticed:

Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, sect. 65.1(4)(a), sect. 65.1(1), sect. 65.1(4) [para. 7]; sect. 66(1), sect. 97(3) [para. 4].

Authors and Works Noticed:

Houlden, L.W. and C.H. Morawetz, Bankruptcy and Insolvency Law in Canada, pp. 2-168, 4-98 [para. 5].

Counsel:

Howard F. Manis, for the applicant, 728835 Ontario Ltd. (Cellular World);

Kent E. Thompson and Wendy Del Mul, for the respondent, Rogers Cantel Inc.

This application was heard on May 8, 1998, by Lederman, J., of the Ontario Court (General Division), who released the following decision on May 18, 1998.