Ontario · Receivership (court-appointed)

Pre-filing report of the Proposed Receiver dated July 31, 2023

Pre-filing report · 31 July 2023

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 filing3 verified

secured creditorsnote: Per Security Opinion of Blakes (independent counsel), security confirmed valid and enforceable as first-in-time; two currency-denominated amounts owing (USD and CAD) stated separately, not summed · page: 8 · as of: 2023-07-24 · amount: 21652731.8 · debtor: DMI Exim Limited · creditor: HSBC Bank Canada · currency: USD · security: First-in-time registered security interest in personal property; first-in-time registered legal mortgage and charge of Real Property (10 Falconer Dr., Unit 3, Mississauga, Ontario); first-in-time registered legal charge and security interest in rents of Real Property
secured creditorsnote: Second currency component of same overall indebtedness (see USD entry); Security Opinion of Blakes confirms validity · page: 8 · as of: 2023-07-24 · amount: 520412.64 · debtor: DMI Exim Limited · creditor: HSBC Bank Canada · currency: CAD · security: First-in-time registered security interest in personal property; first-in-time registered legal mortgage and charge of Real Property; first-in-time registered legal charge and security interest in rents of Real Property
secured creditorsnote: Only other PPSA registration against DMI; Applicant does not assert priority over this registration · page: 8 · debtor: DMI Exim Limited · creditor: BMW Canada Inc. · currency: CAD · security: PPSA (Ontario) registration re: motor vehicle