British Columbia · Receivership (court-appointed)
Affidavit of Daniel Pollack dated April 4, 2025
Affidavit · 4 April 2025
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 filing2 verified
- secured creditorsnote: Loan discharge statement figure as of April 2, 2025 (Exhibit D); prior demand letter dated March 7, 2025 stated $4,297,312.16 as of March 6, 2025 (Exhibit W); principal amount of Loan is $4,160,000 (registered mortgage/original advance); interest accruing at $1,119.81/day; unlimited joint and several personal guarantees given by Manoj Sikka, Mark Joseph Catroppa and Samira Perera secure 100% of Borrowers' indebtedness (personal guarantors, not companies) · page: 6 · as of: 2025-04-02 · amount: 4339747.24 · debtor: 1069016 B.C. Ltd. and 1183011 B.C. Ltd. · creditor: KingSett Mortgage Corporation · currency: CAD · security: First-ranking registered $4,160,000 mortgage (charge no. CA8252058); general assignment of rents (CA8252059); general security agreement/PPSA (base reg. 284957M); assignment/pledge of shares; assignment of insurance, contracts, permits; beneficial mortgage and direction to charge; deposit agreement
- secured creditorsnote: Property tax arrears from 2023 and 2024 with respect to the Lands, stated to continue accruing · page: 6 · as of: 2023-2024 tax years (continuing to accrue) · amount: 67694.94 · debtor: 1069016 B.C. Ltd. and 1183011 B.C. Ltd. · creditor: Municipal property tax authority · currency: CAD · security: Statutory property tax arrears on the Lands