Ontario · Receivership (court-appointed)
Application Record
Application / notice of application · 26 January 2026
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What we verified from this filing7 verified · 1 withheld
- applicantCAISSE DESJARDINS ONTARIO CREDIT UNION INC.
- courtSUPERIOR COURT OF JUSTICE
- court file noCL-26-00000030-0000
- proceeding typereceivership_court
- 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
- 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: Indebtedness stated inclusive of interest accrued to January 21, 2026; interest and fees continue to accrue. Personal guarantee given by Satpreet Thiara (Individual Guarantor) and corporate guarantees from 2591672 Ontario Ltd. and 1877725 Alberta Ltd. · page: 8 · as of: 2026-01-21 · amount: 8891458.35 · debtor: Lawrence Towers LP (and 2591672 Ontario Ltd. as general partner) · creditor: Caisse Desjardins Ontario Credit Union Inc. · currency: CAD · security: Collateral charge/mortgage registered July 27, 2023 on 1088 Progress Avenue lands; general assignment of rents and leases registered July 27, 2023; general security agreement (GSA) of the Borrower dated July 26, 2023; GSA of 259 dated July 26, 2023; joint and several guarantee and postponement of claims dated July 26, 2023 from 259, 1877725 Alberta Ltd., and Satpreet Thiara. Registered continuing first collateral mortgage charge in the amount of $10,000,000 (registered principal ceiling, not a balance). Facility limit of the underlying loan was $8,500,000 demand interim non-revolving land loan.
1 extracted value is 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.