British Columbia · Receivership (court-appointed)
Notice of Application - Petitioner
Application / notice of application · 5 December 2025
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What we verified from this filing8 verified
- applicantMortEq Lending Corp.
- commencement date5 December 2025
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file noH-247915
- appointeeMNP Ltd.
- appointee rolereceiver and manager
- statutory basissection 243 of the Bankruptcy and Insolvency Act, RSC 1985, c B-3 and section 39 of the Law and Equity Act, RSBC 1996, c 253
- secured creditorsnote: Amount is the stated Indebtedness as of Nov 18, 2025, inclusive of accrued interest, fees and legal costs to that date, exclusive of amounts accruing thereafter; interest continues to accrue at $1,384.73/day. Original commitment was a $3,381,000 loan plus a $109,882.50 commitment fee and $20,000 processing fee (loan terms, not the outstanding balance). Also secured by personal guarantees of Nirpal Singh Dadwal, Tajinder Kaur Dadwal, Jusjeet Singh Dadwal, Pupinder Singh Dadwal, Sukhwinder Kaur Grewal, Inderjeet Kaur Punia, and Avkeerat Singh Grewal (individual guarantors, not companies). · as of: 2025-11-18 · amount: 5065629.38 · debtor: 1327997 B.C. Ltd. (Debtor), with 1327744 B.C. Ltd., 1319337 B.C. Ltd., 1297007 B.C. Ltd. as corporate Guarantors · creditor: MortEq Lending Corp. · currency: CAD · security: First-ranking mortgage and assignment of rents registered against the Lands (instrument nos. CA9435360/CA9435361) in the registered principal amount of $3,381,000; a Beneficial Mortgage/direction to pay granting priority over the Guarantors' beneficial interests; and a General Security Agreement (PPSA base registration no. 606529R) constituting a security interest over all present and after-acquired personal property of the Obligors, including an uncrystallized floating charge over real, immovable and leasehold property