Quebec · Receivership (court-appointed)
Motion for an Order Appointing a Receiver dated January 27, 2025 (Original French Version)
Application / notice of application · 27 January 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 filing14 verified
- applicantBANQUE LAURENTIENNE DU CANADA
- appointeeRESTRUCTURATION DELOITTE INC.
- appointee roleséquestre
- courtCOUR SUPÉRIEURE
- court file no500-11-
- provinceQUÉBEC
- statutory basisArticles 243 et suivants de la Loi sur la faillite et l'insolvabilité
- commencement date27 January 2025
- secured creditorsnote: Amount is a stated floor ('au moins ... sauf à parfaire' / at least, subject to adjustment) per état de compte (Pièce R-12); also secured by personal guarantees of Robbie Peck and Paolo Presti (individuals) and corporate guarantees of Place Dorée and Placements Presti dated 2022-08-30 · page: 7 · as of: 2025-01-14 · amount: 26815880.87 · debtor: 9408-7129 Québec Inc. · creditor: Banque Laurentienne du Canada (BLC) · currency: CAD · security: Hypothèque immobilière of $27,000,000 (plus 20% additional hypothec) at 24%/yr interest, registered 2022-08-31 (no. 27 527 737), charging the Immeubles, leases and insurance proceeds; hypothèque mobilière sans dépossession of $33,750,000 (incl. 25% additional hypothec) at 25%/yr interest, registered in RDPRM 2022-09-06 (no. 22-0976324-0001), charging universality of movables, receivables, insurance indemnities, contracts, sale agreements/deposits, reserve funds and voting rights related to the Project; also secured by Cost Overrun and Construction Completion Agreement dated 2022-08-30
- secured creditorsnote: Related party: Westmount Capital is a principal shareholder of the Debtor (sole shareholder/director Robbie Peck, who is also a personal guarantor of BLC's debt). All listed hypothecs are subordinate/rank after BLC's security. Figures are registered principal/ceiling amounts, not outstanding balances; no balance stated in document. · page: 9 · debtor: 9408-7129 Québec Inc. · creditor: La Corporation d'Hypothèque Westmount Capital Inc. · currency: CAD · security: Multiple hypothecs ranking after BLC (registered principal amounts, not balances): hypothèque immobilière $2,950,000 (+20%) reg. 2019-12-12 (no. 25 099 095), rank ceded to BLC 2022-08-31; hypothèque immobilière $15,000,000 (+20%) reg. 2023-07-03 (no. 28 126 894); hypothèque immobilière $5,000,000 (+20%) reg. 2024-05-09 (no. 28 679 418); hypothèque mobilière $3,540,000 (+20%) reg. 2019-12-12 (no. 19-1405478-0002), rank ceded to BLC 2022-09-07; hypothèque mobilière $3,540,000 (+20%, tax reserve amounts) reg. 2019-12-12 (no. 19-1405478-0001), rank ceded to BLC 2022-09-07; hypothèque mobilière $18,000,000 (+20%) reg. 2023-07-06 (no. 23-0788587-0001); hypothèque mobilière $6,000,000 (+20%) reg. 2024-05-09 (no. 24-0556845-0001)
- secured creditorsnote: Related party: Westmount Capital is a shareholder of the Debtor; Place Dorée is the Project manager and a guarantor of BLC's debt. Amount is registered principal, not a stated balance. · page: 11 · debtor: 9408-7129 Québec Inc. · creditor: La Corporation d'Hypothèque Westmount Capital Inc. and Gestion Immobilière Place Dorée Inc. · currency: CAD · security: Hypothèque immobilière of $7,000,000 at 25%/yr interest, registered 2023-01-31 (no. 27 833 080), charging the Immeubles; ranks after BLC's hypothec
- secured creditorsnote: Legal (construction) hypothec securing an unpaid construction claim. A judicial action for forced surrender/judicial sale was instituted on/about 2021-12-03 (case 500-17-119212-218), presently contested by the Debtor. · page: 12 · as of: 2019-11-28 · amount: 83131.74 · debtor: 9408-7129 Québec Inc. · creditor: 9388-9012 Québec Inc. · currency: CAD · security: Avis d'hypothèque légale de la construction, registered 2019-11-28 (no. 25 065 509); préavis d'exercice d'un droit hypothécaire (vente sous contrôle de justice) registered 2020-01-17 (no. 25 157 885)
- secured creditorsnote: Legal (construction) hypothec securing an unpaid construction claim · page: 12 · as of: 2024-11-28 · amount: 62928.17 · debtor: 9408-7129 Québec Inc. · creditor: Presti Demeures Inc. · currency: CAD · security: Avis d'hypothèque légale de la construction, registered 2024-11-28 (no. 29 109 599)
- secured creditorsnote: Legal (construction) hypothec securing an unpaid construction claim · page: 12 · as of: 2024-11-28 · amount: 100201.27 · debtor: 9408-7129 Québec Inc. · creditor: Prestico Inc. · currency: CAD · security: Avis d'hypothèque légale de la construction, registered 2024-11-28 (no. 29 109 167)