Ontario · Receivership (court-appointed)
Application Record dated September 23, 2024.
Application / notice of application · 23 September 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 · 1 withheld
- applicantMELBOURNE DISRAELI EQUITIES (M.B.) INC.
- courtONTARIO SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noCV-24-00727884-00CL
- statutory basissection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- secured creditorsnote: CAD portion of the Loans (the 'CAD Loan'). Affidavit states debtor indebted in this amount as of August 21, 2024, plus interest, costs and expenses accruing thereafter (unquantified). Consistent with the August 7, 2024 demand letter figure of CA$1,020,000 plus all unpaid or late interest. · page: 17 · as of: 2024-08-21 · amount: 1020000 · debtor: Tomislav Anthony Vukota · creditor: Melbourne Disraeli Equities (M.B.) Inc. · currency: CAD · security: First-ranking charge/mortgage (Instrument No. AT5104386, registered March 29, 2019) over 311 Bay Street, Unit 4002, Toronto, Ontario (PINs 76279-0087 (LT) and 76279-0158 (LT)); registered principal of $2,000,000.00 CDN (Original Charge), increased to $2,800,000.00 CDN by the Mortgage Amending Agreement (registration ceiling, not a balance); also secured by a Pledge Agreement dated June 15, 2020 over 100 common shares of Vukota Capital Management Inc.
- secured creditorsnote: USD portion of the Loans (the 'USD Loan'). Affidavit states debtor indebted in this amount as of August 21, 2024, plus interest, costs and expenses accruing thereafter (unquantified). Consistent with the August 7, 2024 demand letter figure of US$1,115,000 plus all unpaid or late interest. · page: 17 · as of: 2024-08-21 · amount: 1115000 · debtor: Tomislav Anthony Vukota · creditor: Melbourne Disraeli Equities (M.B.) Inc. · currency: USD · security: Same security as the CAD Loan: first-ranking charge/mortgage (Instrument No. AT5104386) over 311 Bay Street, Unit 4002, Toronto (registered principal $2,000,000.00 CDN, increased to $2,800,000.00 CDN - registration ceiling, not balance) and Pledge Agreement dated June 15, 2020 over 100 common shares of Vukota Capital Management Inc.
- secured creditorsnote: Per Tax Certificate obtained by Lender's counsel; outstanding property taxes constitute a further event of default under the Mortgage Agreement. Regulatory/municipal priority claim. · page: 18 · as of: 2024-08-16 · amount: 23843.92 · debtor: Tomislav Anthony Vukota · creditor: City of Toronto · currency: CAD · security: Statutory claim for unpaid municipal property taxes on the Real Property (311 Bay Street, Unit 4002, Toronto), which ranks ahead of the Mortgage per sections 13.1 and 22.1 of the Standard Charge Terms.
- unsecured creditorsnote: Judgment amount not disclosed in the filing; the Lender is concerned Capital One Bank may levy execution, eroding the Lender's security. · page: 19 · as of: 2024-08-16 · basis: Writ of execution filed against the Debtor on August 16, 2024 in respect of a judgment in favour of Capital One Bank · debtor: Tomislav Anthony Vukota · creditor: Capital One Bank · currency: CAD
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.