Ontario · Receivership (court-appointed)

Affidavit of Melvyn Eisen sworn June 20, 2025

Affidavit · 20 June 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 filing1 verified

secured creditorsnote: The $11.5 million figure is the original loan advance, not a stated current outstanding balance. Validity/enforceability of the WMI GSA is disputed (Chetti alleges an agreement not to register/rely on it; affiant denies this). No PPSA financing statement for the WMI GSA has been located, and affiant states it is not possible to confirm via PPSR search whether one was ever registered (historical/discharged registrations not searchable). First and Second Mortgages against the same Golf Course Lands are referenced (held by other unnamed parties) but no holder names or amounts are stated in this excerpt. · page: 1 · debtor: Woodington Estates Inc. · creditor: Melvyn Eisen, Trustee (for syndicate of investor lenders) · currency: CAD · security: Third Mortgage against the Golf Course Lands (7110, 4th Line, Tottenham, Ontario) securing the syndicated Loan; original advance of $11.5 million made January 9, 2019; also purported general security agreement ("WMI GSA") granted in 2019 by Woodington Management Inc. (WMI, a non-debtor related entity) as further security for the Loan