British Columbia · Receivership (court-appointed)
Affidavit #2 of Quyen Vu
Affidavit · 27 November 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing4 verified
- secured creditorsnote: Indebtedness inclusive of accrued and unpaid interest, fees and legal costs to Nov 17, 2025, exclusive of amounts accruing thereafter (per diem $7,188.36); also secured by personal Guarantee dated 2023-06-27 from Paramjit Singh (sole director/officer of debtor, related party guarantor) · page: 2 · as of: 2025-11-17 · amount: 15421825.27 · debtor: 1174214 B.C. Ltd. · creditor: MortEq Lending Corp. · currency: CAD · security: First-ranking mortgage and assignment of rents registered against the Lands (instrument nos. CB719245/CB719246, registered 2020-10-27, currently securing registered principal of $12,500,000); General Security Agreement dated 2023-06-27 (PPSA base registration no. 629919P) over all present and after-acquired personal property; assignment of contracts, warranties, licenses, permits and project plans dated 2023-06-27
- secured creditorsnote: Amount shown is the registered mortgage amount per Title Search, not a confirmed outstanding balance; individuals are guarantors' relatives/co-registrants, secured party status per title registration; described in filing as 'subordinate secured creditors' · page: 7 · debtor: 1174214 B.C. Ltd. · creditor: Mohinder Singh Sandher and Nadev Singh Sandher (joint tenants) · currency: CAD · security: Mortgage and Assignment of Rents registered against the Lands, instrument nos. CB836488/CB836480, registered 2023-08-18, registered/secured amount $1,200,000 (subordinate to MortEq's first-ranking Mortgage)
- secured creditorsnote: Registration of this lien is cited as one of the Debtor's Defaults under the Commitment · page: 7 · as of: 2025-05-22 · amount: 23916.78 · debtor: 1174214 B.C. Ltd. · creditor: PMG Landscape Architects · currency: CAD · security: Claim of Builders Lien registered against the Lands, instrument no. HB14137
- secured creditorsnote: Title Search lists the Debtor itself as registrant of this Claim of Builders Lien against its own Lands; unusual entry as recorded in the document · page: 7 · as of: 2025-09-05 · amount: 74284.51 · debtor: 1174214 B.C. Ltd. · creditor: The Debtor (1174214 B.C. Ltd.) · currency: CAD · security: Claim of Builders Lien registered against the Lands, instrument no. HB16688