Ontario · CCAA
Respondents' Application Record redacted dated April 11, 2023
Application / notice of application · 11 April 2023
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What we verified from this filing2 verified
- secured creditorsnote: Notices of default issued by First Commercial dated December 10 and December 14, 2020, allegedly triggered by Romspen's subsequent charge registrations on the same properties; no balance stated in these pages. · page: 8 · debtor: Birchmount Howden Property Holdings Inc. (1500 Birchmount) and Woodbine-related entity (Belfield property) · creditor: First Commercial · currency: CAD · security: First mortgage over 1500 Birchmount and Belfield properties
- secured creditorsnote: Amount owed is disputed by the Respondents; affiant states there may be a discrepancy of over approximately $60,000,000 between the amount alleged by Romspen and the actual amount due, attributed to improper accounting, unauthorized fees/charges, duplications, and inconsistent loan statements; forensic accountants (Grewal Guyatt LLP) retained to verify amount, analysis incomplete pending missing records from Romspen (as of April 7, 2023 correspondence). · page: 13 · debtor: Woodbine Mall Holdings Inc., Sunpact Holdings Inc., Birchmount Howden Property Holdings Inc., and other Respondents (Mortgaged Properties) · creditor: Romspen Investment Corporation · currency: CAD · security: Mortgages over the 'Mortgaged Properties' (including Woodbine Mall, 1500 Birchmount, Belfield, and other properties, some now discharged/sold under the Forbearance Agreement)