Ontario · Receivership (court-appointed)
Motion Record; returnable January 16, 2023
Application / notice of application · 5 January 2024
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 filing8 verified
- applicantEQUITABLE BANK
- appointeeMNP Ltd.
- commencement date5 January 2024
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noCV-23-00700642-00CL
- provinceONTARIO
- appointee roleReceiver
- secured creditorsnote: Senior secured creditor; security opinion delivered by Receiver's counsel confirming validity, subject to qualifications; interest and other charges continuing to accrue after this date · page: 26 · as of: 2023-04-20 · amount: 21674000 · debtor: James Gault Holdings Inc. and 1606077 Ontario Inc. · creditor: Equitable Bank (EQ Bank) · currency: CAD · security: First-ranking mortgage on Real Property; first-ranking assignment of leases and rents; first-ranking charge on personal property; total financing advanced $20,580,000 (facility/advance amount, not balance)