Ontario · Receivership (court-appointed)
Motion Record returnable August 23, 2024.pdf
Application / notice of application · 23 August 2024
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What we verified from this filing8 verified · 4 withheld
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-24-00094956-0000
- secured creditorsnote: Exclusive of further accrued interest, fees, costs and disbursements; also stated as 'at least $913,522.80' (floor language); prior stated amount as of February 9, 2024 demand was $879,599.25 (prose/earlier figure). Bank is sole secured creditor registered under PPSA; first ranking mortgagee due to postponement agreement with O'Callaghan Enterprises Inc. · page: 13 · as of: 2024-07-18 · amount: 913522.8 · debtor: 2794014 Ontario Inc. · creditor: Royal Bank of Canada · currency: CAD · security: First-ranking mortgage (principal $915,000.00) on Property; General Security Agreement dated January 11, 2021 (PPSA registered January 11, 2021); Guarantee and Postponement of Claim of Maninder Gupta dated September 1, 2022 (limited to $915,000.00 principal plus interest and costs)
- secured creditorsnote: deemed trust; Bank unable to assess extent because Debtor refused financial disclosure - existence suspected but amount unstated/unknown · page: 14 · debtor: 2794014 Ontario Inc. · creditor: Canada Revenue Agency (Crown - deemed trust) · currency: CAD · security: Deemed statutory trust claim for HST and source deduction remittance arrears, which could rank in priority to the Bank's Security
- secured creditorsnote: Municipal tax arrears rank in priority to the Bank's mortgage security per motion record; Tax Certificate shows Total Outstanding of $43,179.15 as of July 11, 2024 for a different arrears breakdown period - see note; the $51,297.79 figure is as stated in the motion record affidavit grounds · page: 14 · as of: 2024-07-11 · amount: 51297.79 · debtor: 2794014 Ontario Inc. · creditor: Township of Leeds and the Thousand Islands · currency: CAD · security: Municipal property tax arrears - statutory priority lien
- secured creditorsnote: Registration amount, not a stated outstanding balance; ranks behind Bank's Mortgage due to postponement · page: 29 · debtor: 2794014 Ontario Inc. · creditor: O'Callaghan Enterprises Inc. · currency: CAD · security: Charge registered 2022/05/27 (LE138832) in amount of $2,000,000.00; subordinated to RBC's mortgage by postponement agreement (LE142255) registered 2022/09/12
- secured creditorsnote: Registration/charge amount, not a stated outstanding balance · page: 29 · debtor: 2794014 Ontario Inc. · creditor: Abhishek Panwar · currency: CAD · security: Charge registered 2023/09/25 (LE151148) in amount of $510,000.00
- secured creditorsnote: Registration/charge amount, not a stated outstanding balance · page: 29 · debtor: 2794014 Ontario Inc. · creditor: Puri Chandan · currency: CAD · security: Charge registered 2023/10/06 (LE151503) in amount of $384,950.00
4 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.