Ontario · Receivership (court-appointed)
Notice of Application
Application / notice of application · 22 May 2024
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What we verified from this filing15 verified
- applicantCALICOM SOLUTIONS INC., LARDAN INVESTMENTS INC., 1407659 ONTARIO INC., 1961362 ONTARIO INC., SOLEST INVESTMENTS LIMITED, SOUDAN MANAGEMENT SERVICE LTD., et al.
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-24-00720683-00CL
- statutory basisSUBSECTION 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
- commencement date22 May 2024
- appointeeROSEN GOLDBERG INC.
- appointee roleProposed Receiver
- secured creditorsnote: Registered principal amount of second charge, not a stated outstanding balance · page: 9 · as of: 2023-03-21 · amount: 500000 · debtor: 2538983 Ontario Inc. · creditor: 276914 Ontario Inc. · currency: CAD · security: Second Charge registered March 21, 2023 against Coboconk Property
- secured creditorsnote: PPSA search result; amount not stated · page: 9 · debtor: 2538983 Ontario Inc. · creditor: On Deck Capital Canada, Inc. · currency: CAD · security: PPSA registration No. 20230523 1603 1901 0223
- secured creditorsnote: PPSA registration; distinct from the $500,000 registered second charge on title also held by this entity · page: 10 · debtor: 2538983 Ontario Inc. · creditor: 276914 Ontario Inc. · currency: CAD · security: PPSA registration No. 20220504 1722 1590 0931
- secured creditorsnote: PPSA search result; amount not stated · page: 10 · debtor: 2538983 Ontario Inc. · creditor: Bank of Montreal · currency: CAD · security: PPSA registration No. 20230301 1110 1532 0593
- secured creditorsnote: PPSA search result; multiple registrations, amount not stated · page: 10 · debtor: 2538983 Ontario Inc. · creditor: Vendorlender Funding Corp. · currency: CAD · security: PPSA registration Nos. 20230104 1701 1462 8572; 20220901 1005 1462 9824; 20220727 1002 1462 5465; 20220517 1701 1462 5457
- secured creditorsnote: Serialized-equipment financier PPSA registration; amount not stated · page: 10 · debtor: 2538983 Ontario Inc. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: BMW Canada Inc. PPSA registration No. 20220623 0832 1532 9431 (serialized equipment/vehicle financing)
- secured creditorsnote: PPSA search result; amount not stated · page: 10 · debtor: 2538983 Ontario Inc. · creditor: 2769141 Ontario Inc. · currency: CAD · security: PPSA registration No. 20220526 1639 1590 4214
- secured creditorsnote: Loan facility originally $5,950,000.00 at 8.25% per annum, renewed Feb 20, 2023 with floating rate BMO prime + 3.5% (floor 10%); outstanding balance stated as $6,361,900.44 as of April 19, 2024 with per diem interest of $1,796.40; also secured by second mortgage (Collateral Mortgages) on three residential properties of Guarantors registered Feb 23, 2022 as Instrument No. DR2103368, securing same $5,950,000.00 principal · page: 11 · as of: 2024-04-19 · amount: 6361900.44 · debtor: 2538983 Ontario Inc. · creditor: Calicom Solutions Inc., Lardan Investments Inc., 1407659 Ontario Inc., 1961362 Ontario Inc., Solest Investments Limited, Soudan Management Service Ltd., Mark J. Shiner Professional Corporation, Marilyn Goldstein, Stewart Miller, Paul Kettner, Paul Herbert, Rorden Holdings Limited, Miles Kettner, Ken Key, The McRae Family Trust, 2292818 Ontario Inc., Hartley Garshowitz, Maltrix Group Inc., Frances Meyers, Sheldon Meyers, Elliott Steinberg, Hagop Celil, Hugh Schure and Robert Conway (the Lenders) · currency: CAD · security: First ranking Charge/Mortgage registered Feb 23, 2022, Instrument No. KL189078, principal sum $5,950,000.00 (loan facility amount) against Coboconk Property; General Assignment of Rents registered Feb 23, 2022 (Instrument No. KL189079); General Security Agreement registered Feb 23, 2022 (PPSA Financing Statement No. 20220223 1552 1590 9410); Assignment of Lease dated Jan 13, 2022 re Lease with TDL Group Corp