Ontario · Receivership (court-appointed)
Motion Record returnable December 13, 2013 - Part 1
Application / notice of application · 13 December 2013
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 filing7 verified
- applicantBANK OF MONTREAL
- appointeeBDO Canada Limited
- appointee roleCourt-appointed Receiver
- courtONTARIO SUPERIOR COURT OF JUSTICE
- court file noCV-13-29866
- secured creditorsnote: Applicant/receivership-appointing secured lender; posted $2,000,000 Letter of Credit in favour of Remo Valente Real Estate (1990) Limited as security for judgment in Valente Court Action; no balance stated on these pages · page: 9 · debtor: Portofino Corporation · creditor: Bank of Montreal · currency: CAD
- secured creditorsnote: Mortgage ordered discharged/expunged from title per this motion; also separately held $2,000,000 Letter of Credit from BMO as security for judgment in the Valente Court Action (see BMO entry) · page: 11 · as of: 2007-10-12 · amount: 1000000 · debtor: Portofino Corporation · creditor: Remo Valente Real Estate (1990) Limited · currency: CAD · security: Mortgage registered as instrument number CE297353 in the Land Registry Office (Essex) No. 12 on October 12, 2007, in the amount of $1,000,000