British Columbia · CCAA
Affidavit #1 of Manish Sharma
Affidavit · 10 November 2025
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What we verified from this filing2 verified
- secured creditorsnote: Stated as 'approximately $3,700,000'; loan was necessary after loss of several pre-sales to finalize construction. · page: 4 · amount: 3700000 · debtor: Square Nine King George Development Ltd. · creditor: AMRN Holding Ltd. and 1137571 B.C. Ltd. · currency: CAD · security: Mortgage/security predating Cameron Stephens' loan; expressly subordinate in rank to Cameron Stephens' security (cession of priority)
- secured creditorsnote: Amount stated as 'approximately $18,500,000' both in general description (para 14) and in connection with the August 29, 2025 demand/NOI (para 21); described as first-secured lender/first mortgage. Cameron Stephens has been paid approximately $13,050,000 in principal, interest and fees to date. Petitioner and its principal (Developments Inc. and Manish Sharma) are guarantors of this mortgage (personal/related-party guarantees). · page: 6 · as of: 2025-08-29 · amount: 18500000 · debtor: Square Nine King George Development Ltd. · creditor: Cameron Stephens Mortgage Capital Ltd. · currency: CAD · security: First ranking mortgage against the remaining units in the Belvedere