What we verified from this filing14 verified
- applicantTHE BANK OF NOVA SCOTIA
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-22-00001571-0000
- provinceONTARIO
- appointeeMNP Ltd.
- appointee rolereceiver
- commencement date9 December 2022
- secured creditorsnote: Approximate indebtedness stated in prose ('approximate amount of $7.5 million'); Miller Thomson opinion confirms charge valid/enforceable securing principal sum of $13,750,000 (registration ceiling, not balance) · page: 4 · amount: 7500000 · debtor: Richmond Medical Centre Inc. · creditor: The Bank of Nova Scotia · currency: CAD · security: First ranking charge/mortgage (BNS Richmond Street Charge) registered principal $13,750,000 against Richmond Street Property; General Security Agreement dated August 31, 2017 from Richmond Medical; General Assignment of Rents dated September 7, 2018
- secured creditorsnote: Approximate indebtedness stated in prose ('approximate amount of $160,000'); Richmond Medical guaranteed payment of this indebtedness · page: 4 · amount: 160000 · debtor: I Lov This Place 11 Inc. · creditor: The Bank of Nova Scotia · currency: CAD · security: General Security Agreement dated August 31, 2017 from I Lov This Place; guaranteed by Richmond Medical under Guarantee dated September 6, 2018; PPSA registrations against I Lov This Place
- secured creditorsnote: Approximate indebtedness stated in prose ('approximate amount of $3.4 million'); BNS Richmond Street Charge ranks in priority to 250 Ontario Oak Street Charge by order of registration per opinion · page: 4 · amount: 3400000 · debtor: Richmond Medical Centre Inc. · creditor: 2505151 Ontario Inc. · currency: CAD · security: Second ranking charge/mortgage, registered principal $3,250,000, against Richmond Street Property; first ranking charge/mortgage, registered principal $3,250,000, against Oak Street Property
- secured creditorsnote: Amount not stated; leased vehicle referenced in report · page: 6 · debtor: I Lov This Place 11 Inc. · creditor: Mercedes-Benz Financial Services Canada Corporation · currency: CAD · security: Vehicle lease/financing
- unsecured creditorsnote: Disputed claim; motion for return of $96,050 security deposit did not proceed due to stay of proceedings; also disputed lease term (5 vs 10 years) and potential additional rent damages claim of $118,713 which Receiver determined not worth pursuing · page: 6 · basis: Security deposit claimed to be returned; sought by motion (stayed by Appointment Order) · amount: 96050 · debtor: Richmond Medical Centre Inc. · creditor: 260132 Ontario Inc. · currency: CAD
- unsecured creditorsnote: Deemed trust class; CRA cannot state amount until outstanding source deduction returns are filed — amount unknown, not zero · page: 6 · basis: CRA advised source deduction remittances outstanding since 2020 · debtor: I Lov This Place 11 Inc. · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorsnote: Deemed trust class (HST); most relates to a 2019 assessment; HST returns from April 2022 remain outstanding so amount may change · page: 6 · basis: CRA advised Receiver of approximate HST owing · amount: 532000 · debtor: Richmond Medical Centre Inc. · creditor: Canada Revenue Agency · currency: CAD