Casabella Subsidiary Limited Partnership

Casabella Subsidiary Limited Partnership has been in court-appointed receivership since June 19, 2019, when the Ontario Superior Court of Justice appointed MNP Ltd. as receiver on the application of Harbouredge Mortgage Investment Corporation under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. The proceeding, under court file CV-19-000-80328-0000, remains active. The applicant, as appointing secured creditor, was owed $7,620,803 as at the appointment date, secured by a first ranking charge over eight Innes Road properties in Ottawa and a general security agreement, both dated August 19, 2014. Maurice Yelle Ltd is recorded at $822,323, and the obligations are recorded jointly with 7061358 Canada Inc. A receiver's statement as at July 4, 2019 lists other creditors including Rasmussen Starr Ruddy LLP at $6,500 and Novatech Engineering Consultants at $3,800.