Ontario · Receivership (court-appointed)
Application
Application / notice of application · 1 November 2016
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: There will be insufficient funds from the sale of the Property to make any distribution or payment in relation to the third and fourth mortgage; that is, no payment is expected to Harbouredge and Elie Khouri under their respective mortgage from the sale of the Property. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: Harbouredge Mortgage Investment Corporation (third mortgage) · creditor name: Harbouredge Mortgage Investment Corporation · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: There will be insufficient funds from the sale of the Property to make any distribution or payment in relation to the third and fourth mortgage; that is, no payment is expected to Harbouredge and Elie Khouri under their respective mortgage from the sale of the Property. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: Elie Khouri (fourth mortgage) · creditor name: Elie Khouri · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Jit Sandher and 923944 Ontario Ltd., as the second ranking mortgagee, will be suffering a shortfall or deficiency under the Sandher Mortgage, unlike the first mortgagee, New Punjab, and are not opposed to the relief being sought in this motion; · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Jit Sandher and 923944 Ontario Ltd. (second mortgage) · creditor name: Jit Sandher and 923944 Ontario Ltd. · interim final: unstated · claims qualifier: unstated · table missing: