Ontario · Receivership (court-appointed)
Application-Record-Applicant-Business-Development-Bank-of-Canada-13-AUG-2026
Application / notice of application · 13 August 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 filing5 verified · 1 withheld
- applicantBUSINESS DEVELOPMENT BANK OF CANADA
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noCL-26-00000345-0000
- statutory basissubsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- secured creditorsnote: Amount is BDC's May 14, 2026 demand figure as of May 11, 2026: principal $5,899,207.33 + interest $160,921.74 + account fees $2,605.00 + protective disbursements (incl. interest) $6,091.24, excluding costs and expenses; interest continues to accrue. Not a floor or estimate. Standstill agreement (Feb 2026) was breached; BIA s.244 notice delivered with the May 14, 2026 demand. · page: 308 · as of: 2026-05-11 · amount: 6068825.31 · debtor: Fortune Properties Private Limited · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: Charge/mortgage on 1200 Skae Drive, Oshawa (registered principal amount $6,270,000, instrument DR2311060 — a registration ceiling, not the balance); general assignment of rents (DR2311061); general security agreement dated April 14, 2024 (the Notice of Application dates the GSAs from each Credit Party generally, with PPSA registrations). Also guaranteed by corporate guarantors SR India Marketing Inc. and E2W Cash N Carry Inc. (secured by their GSAs) and by personal guarantors (two principals) under a limited personal guarantee.
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.