Ontario · Receivership (court-appointed)
Supplementary Application Record of the Applicant dated January 21, 2025
Application / notice of application · 21 January 2025
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What we verified from this filing8 verified
- applicantROYAL BANK OF CANADA
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-24-00088154-0000
- statutory basisSUBSECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, R.S.C 1985,c. B-3, AS AMENDED AND SECTION 101 OF THE COURTS OF JUSTICE ACT, R.S.O. 1990, c. C.43, AS AMENDED
- secured creditorsnote: Application under s.243(1) BIA for appointment of receiver over Star's property/assets and Collateral Properties; interest and costs continue to accrue. · page: 5 · as of: 2025-01-20 · amount: 1367787.46 · debtor: Star Towers Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: Credit Facilities comprised of: First Star Term Facility ($744,368.51), Second Star Term Facility ($603,257.84), and business credit card facilities ($20,161.11)
- secured creditorsnote: Application under s.243(1) BIA for appointment of receiver over 214's property/assets and Collateral Properties; interest and costs continue to accrue. · page: 5 · as of: 2025-01-20 · amount: 197601.47 · debtor: 2141239 Ontario Inc. · creditor: Royal Bank of Canada · currency: CAD · security: Credit Facilities comprised of: line of credit ($155,675.66) and business credit card facilities ($41,925.81)
- secured creditorsnote: Amount of indebtedness not stated; RBC affidavit notes it has not been provided information sufficient to determine whether proposed sale transactions would be sufficient to retire RBC's and 1553357 Ontario Inc.'s indebtedness. · page: 7 · debtor: Star Towers Ltd. / 2141239 Ontario Inc. (Collateral Properties) · creditor: 1553357 Ontario Inc. · currency: CAD · security: Two mortgages registered on title to each of the Collateral Properties
- counselLerners LLP