Ontario · Receivership (court-appointed)
Motion Record of the Plaintiffs - Volume 1 of 3 dated June 8, 2026
Application / notice of application · 8 June 2026
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 filing7 verified
- secured creditorsnote: Amount includes accrued interest of $8,060.50, plus per diem of $107.26/day accruing from March 18, 2026 (part of DCC's stated 'Indebtedness' of $27,554,575.59 across all DCC Loans). Unlimited personal guarantee by Shakir Rehmatullah and corporate guarantee by Flato Management Inc. (FMI) - FMI is a related party (same sole officer/director and registered address as the Borrowers) dated August 23, 2017. · page: 21 · as of: 2026-03-17 · amount: 338410.5 · debtor: Patterson Street Holdings Inc. · creditor: Dorr Capital Corporation (DCC) · currency: CAD · security: Charge/Mortgage registered against the Patterson Lands as Instrument SC144591 (LRO #51) dated August 25, 2017, with Standard Charge Terms 201117, and General Security Agreement dated August 23, 2017; 2024 renewal (amending commitment) shows mortgage principal of $320,000
- secured creditorsnote: Amount includes accrued interest of $235,380.43, plus per diem of $2,249.56/day accruing from March 18, 2026. Unlimited guarantee by Shakir Rehmatullah (personal) and FMI (related party - common principal/address) dated July 25, 2022. Loan matured May 1, 2026. · page: 21 · as of: 2026-03-17 · amount: 5313780.43 · debtor: Flato North Village Dundalk Inc. and Braemore Dundalk Two Inc. · creditor: Dorr Capital Corporation (DCC) · currency: CAD · security: Charge/Mortgage in principal amount of $4,930,000 registered in first position against the Braemore Lands as Instrument No. GY231142 (LRO #16) on July 27, 2022; General Assignment of Rents Instrument GY231143; General Security Agreements dated February 28, 2022 (North Dundalk Inc.) and July 23, 2022 (Braemore Dundalk Inc.), registered under the PPSA
- secured creditorsnote: Amount includes accrued interest of $491,406.47, plus per diem of $4,671.62/day accruing from March 18, 2026. Unlimited guarantee by Shakir Rehmatullah (personal) and FMI (related party) dated October 13, 2022. · page: 22 · as of: 2026-03-17 · amount: 14261906.47 · debtor: Dundalk Mixed Use Expansion One Inc. · creditor: Dorr Capital Corporation (DCC) · currency: CAD · security: Charge/Mortgage in principal amount of $15,000,000 registered in first position against the Expansion Lands as Instrument No. GY234780 (LRO #16) on October 13, 2022; General Assignment of Rents; General Security Agreement dated October 13, 2022, registered under PPSA. Total loan principal advanced was $13,500,000 (First Tranche $12,000,000 + Second Tranche $1,500,000).
- secured creditorsnote: Amount includes accrued interest of $104,989.50, plus per diem of $1,002.93/day accruing from March 18, 2026. Unlimited guarantee by Shakir Rehmatullah (personal) and FMI (related party) dated February 1, 2023. · page: 22 · as of: 2026-03-17 · amount: 2371489.5 · debtor: 2760562 Ontario Inc. and Melancthon Meadows Inc. · creditor: Dorr Capital Corporation (DCC) · currency: CAD · security: Charge/Mortgages registered against the Melancthon Lands as Instruments DC250883 and DC250885 (LRO #7) dated February 9, 2023; related Notices of Assignment of Rents DC250884/DC250886; General Security Agreement dated February 1, 2023
- secured creditorsnote: Amount includes accrued interest of $215,892.55, plus per diem of $2,058.17/day accruing from March 18, 2026. Unlimited guarantee by Shakir Rehmatullah (personal) and FMI (related party) dated May 26, 2023. Loan matured March 1, 2026. Subsequent replacement mortgages were registered over the EcoPark Lands post-forbearance (Instruments GY285636 dated April 13, 2026 and GY287195 dated May 21, 2026) - amounts not stated in extracted pages. · page: 22 · as of: 2026-03-17 · amount: 5268988.59 · debtor: Flato Greens Inc. · creditor: Dorr Capital Corporation (DCC) · currency: CAD · security: Charge/Mortgage registered against the EcoPark Lands as Instrument GY244473 (LRO #16) dated June 21, 2023 (Standard Charge Terms 201117); Notice of Assignment of Rents GY244474; General Security Agreement dated May 23, 2023, registered under PPSA
- secured creditorsnote: Registered without DCC's knowledge or consent (unauthorized subsequent encumbrance). One-year term, matured March 28, 2025, but still remains registered on title as of the affidavit date. Figure is registered principal, not a confirmed current balance. · page: 22 · debtor: 2760562 Ontario Inc. · creditor: 13531953 Ontario Inc. ("135 Inc.") · currency: CAD · security: Second mortgage registered against the Third Line Lands (part of the Melancthon Lands) as Instrument No. DC267318 (LRO #7), registered principal amount $2,500,000, registered December 12, 2024
- secured creditorsnote: Registered without DCC's knowledge or consent. Predecessor second mortgage in favour of BXR1 Holdings Inc. (Instrument GY255460, registered principal $2,850,000, registered March 28, 2024, subject to a Subordination and Standstill Agreement dated March 2024) was assigned to Portland Residences Corp. on July 30, 2025 and then discharged on July 31, 2025 - that BXR1 mortgage is DISCHARGED and not a current claim. · page: 23 · debtor: Flato Greens Inc. · creditor: Toronto Capital Corp. ("TCC"), subsequently transferred to 41 individuals and 2 corporations · currency: CAD · security: Second mortgage registered against the EcoPark Lands as Instrument No. GY275396 (LRO #16), registered principal amount $4,500,000, registered July 31, 2025; transferred by Transfer of Charge dated August 8, 2025 (Instrument GY275589) to 41 individuals and 2 corporations