On May 15, 2025, msi Spergel inc. was appointed as receiver (in such capacity, the "Receiver") of Mario’s Catering Service Ltd. o/a Michelangelo Banquet Centre, 2150386 Ontario Inc., 9440763 Canada Inc. o/a The Grand Olympia Hospitality & Convention Centre, and 13225585 Canada Inc. (collectively, the "Companies") pursuant to the Order of the Honourable Justice Penny of the Ontario Superior Court of Justice (Commercial List) (the "Court") made on January 29, 2025 (the "Receivership Order"). The Receivership Order did not take effect until May 15, 2025, at noon to allow the Companies, amongst other things, to pay out their indebtedness to the Bank of Montreal failing which the Receivership Order became effective on May 15, 2025 at noon.

Torkin Manes LLP is counsel for the Bank of Montreal and Harrison Pensa LLP is counsel to the Receiver.

For inquiries, please contact one of the below:

Phone: (289) 309-0404

Email: mariosinfo@spergel.ca