Ontario · Receivership (court-appointed)
Supplementary motion record of the Receiver (for motion returnable November 23, 2023)
Application / notice of application · 30 October 2023
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
- recovery outcomeentries: basis: estimated · quote: The sale proceeds generated from the Transaction are expected to result in a partial payout of the TD Mortgage resulting in TD Bank suffering a shortfall. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: TD Mortgage (Toronto-Dominion Bank) · creditor name: Toronto-Dominion Bank · interim final: unstated · related party: false · claims qualifier: unstated; basis: unstated · quote: Given that TD Bank will suffer a shortfall in respect of the TD Mortgage, there will be no distribution to Olympia in respect of the Olympia Mortgage. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: Olympia Mortgage · creditor name: Olympia · interim final: unstated · conditional on: TD Bank will suffer a shortfall in respect of the TD Mortgage · claims qualifier: unstated · stated on: 2023-10-27 · table missing: