Ontario · Receivership (court-appointed)

First Report of the Receiver dated July 7 2014

Court officer report · 7 July 2014

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 filing2 verified

secured creditorsnote: Aggregate stated in document as total secured by 2nd-12th mortgages as at June 4, 2014; section 244 notices issued as of same date; individual mortgage amounts not broken out. · page: 2 · as of: 2014-06-04 · amount: 5724210.7 · debtor: Metropolis Properties Inc. · creditor: 2nd through 12th mortgagees (Applicants, collectively) · currency: CAD · security: 2nd through 12th ranking mortgages on 91-93 Scollard Street, Toronto
secured creditorsnote: Related party to the Debtor. Believed to be in default; delivered Notice of Attornment of rents and applied rents against realty tax arrears. Sold Property under Power of Sale to 2413913 Ontario Ltd effective June 6, 2014, transaction disputed by Receiver (motion to set aside sought). · page: 2 · debtor: Metropolis Properties Inc. · creditor: Canada Investment Corporation (CIC) · currency: CAD · security: 1st ranking mortgage on 91-93 Scollard Street, Toronto