Ontario · Receivership (court-appointed)
Supplementary Application Record returnable July 8, 2025
Application / notice of application · 7 July 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 filing10 verified
- applicantROMSPEN INVESTMENT CORPORATION
- commencement date7 July 2025
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noCV-25-00737773-00CL
- statutory basisSECTION 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: Applicant/first mortgagee over Europa properties; no balance stated in these pages · page: 7 · debtor: Europa 2022 Inc. · creditor: Romspen Investment Corporation · currency: CAD · security: First mortgage over the Europa Real Properties
- secured creditorsnote: First mortgagee, consenting to receivership and has commenced its own foreclosure proceeding; no balance stated in these pages · page: 9 · debtor: 2678518 Ontario Inc. · creditor: Quid Pro Capital Inc. (QPC) · currency: CAD · security: First mortgage over the 267 Ontario Real Property
- secured creditorsnote: Romspen ranks third behind QPC (first) and Celestial (second) on the 267 property; no balance stated in these pages · page: 13 · debtor: 2678518 Ontario Inc. · creditor: Romspen Investment Corporation · currency: CAD · security: Third mortgage over the 267 Ontario Real Properties
- secured creditorsnote: Discharge/payout statement dated June 26, 2025 totals principal $2,000,000.00 plus accrued interest at 13% p.a. compounded annually (Sept 1, 2019-June 30, 2025) of $2,082,533.49 plus legal costs (approx. as at June 25, 2025) of $38,986.00; the registered charge principal amount is $2.65M, differing from the $2,000,000 principal shown in the payout statement (discrepancy unexplained in correspondence); no payments made since inception in Sept 2019; interest and legal costs stated to increase past specified dates · page: 25 · as of: 2025-06-30 · amount: 4121519.49 · debtor: 2678518 Ontario Inc. · creditor: Celestial Property Development (East Mall) Inc. · currency: CAD · security: Second mortgage over 4274 Bridge Street, 4249 Park Street, and Bridge Street (267 Ontario Real Properties)
- counselBLANEY McMURTRY LLP