Ontario · Receivership (court-appointed)
Motion Record of the Receiver dated August 7, 2026
Application / notice of application · 7 August 2026
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What we verified from this filing7 verified
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-25-00100786-0000
- provinceONTARIO
- secured creditorsnote: Confirmed by City of Ottawa property tax certificate/statement dated July 8, 2026; priority claim ahead of Meridian's mortgage. · page: 12 · as of: 2026-07-08 · amount: 40835.53 · debtor: Mushimpex Investments Inc. · creditor: City of Ottawa · currency: CAD · security: Statutory priority charge for outstanding municipal property tax arrears on 336 Tweedsmuir Avenue, ranking ahead of the existing mortgage per Receiver's First Report
- secured creditorsnote: Payout statement obtained from Meridian dated July 17, 2026 shows balance outstanding of $1,689,456.29 with interest accrued to July 27, 2026 (described in First Report as a 'draft' payout statement). The $3,100,000.00 figure cited elsewhere (Notice of Motion para 12; title search) is the registered/original principal amount, not the outstanding balance. Meridian is also the Applicant and first mortgagee; consulted and supports the sale transaction. Simpson Wigle (Receiver's counsel) opined Meridian's security is valid and enforceable in Ontario. · page: 12 · as of: 2026-07-17 · amount: 1689456.29 · debtor: Mushimpex Investments Inc. · creditor: Meridian Credit Union Limited · currency: CAD · security: First mortgage/charge registered as Instrument No. OC2178444 (registered December 20, 2019) over 336 Tweedsmuir Avenue, Ottawa; registered principal amount $3,100,000.00; also Notice of Assignment of Rents registered as Instrument No. OC2178447
- secured creditorsnote: Deemed trust class claim (unremitted HST); Receiver reached out to CRA regarding the outstanding RTP but had not received a response as of the First Report (dated August 6, 2026). · page: 12 · as of: RTP issued October 3, 2024 · amount: 34715.38 · debtor: Mushimpex Investments Inc. · creditor: Canada Revenue Agency · currency: CAD · security: Requirement to Pay (RTP) for unremitted HST
- recovery outcomeentries: basis: unstated · quote: As a result, Meridian will experience a shortfall with respect to their security. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Meridian, as the senior secured lender · creditor name: Meridian Credit Union Limited · interim final: unstated · claims qualifier: unstated · table missing: