JMD-M Canada Inc.

JMD-M Canada Inc. has been in court-appointed receivership under BIA s. 243 since March 31, 2023, before the Ontario Superior Court of Justice Commercial List under file CV-23-00696528-00CL. The proceeding is active. Secured claims recorded as at the commencement date, in principal amounts excluding accruing interest and costs, comprise a $1,500,000 first-priority mortgage on the Real Property held by Stercus Accidit Investment Corp. and a $1,000,000 second mortgage held by Sreelu Consulting Inc. together with John Paul Kancherla, Balaji Ramu Dhuchetty, Likith Santosh Ambati, Keerthi Chowdary Sukhavast and Vasu Karkarla, plus $6,409.07 of municipal taxes and interest owing to the City of Kawartha. A preliminary unsecured creditor list submitted by the company, without admission as to liability, runs to some 25 claimants, the largest being Jayanti Verma at $183,000, Satnam Janda at $109,000 and Ramesh Patel at $88,433; amounts owing to Global Fuel and Kelly Fuel are shown as undetermined.