Ontario · Receivership (court-appointed)

Motion Record of the Receiver - Returnable September 25, 2026

Application / notice of application · 15 September 2026

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 filing1 verified

secured creditorsnote: Applicant and first-ranking mortgagee; security opinion confirms validity/enforceability; outstanding balance not stated - Sale Proceeds not expected to be sufficient to pay NBC in full. Receiver not aware of any other secured claims or priority payables ranking ahead of NBC's secured claim, based on Debtor's books and records and information presently available. · page: 12 · debtor: LNS Properties Inc. · creditor: National Bank of Canada · currency: CAD · security: First-ranking mortgage over the Real Property (78 Spruce Street, Vermilion Bay, Ontario) and first-ranking security over the Debtor's property and assets, per security opinion of Miller Thomson LLP dated September 14, 2026