Alberta · Receivership (court-appointed)
Affidavit of Christopher Millar
Affidavit · 25 June 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: Prior registration noted in PPR search; amount not stated in document. · page: 3 · debtor: 1923846 Alberta Ltd. · creditor: First National Financial LP and First National Financial GP Corporation · currency: CAD · security: PPR financing statement (Registration No. 16030913254, dated March 9, 2016), modified to limit attachment to property located at 11835 89 Street NW, Edmonton, AB
- secured creditorsnote: Outstanding balance as at June 16, 2025 per para 24, exclusive of costs; Statement of Secured Indebtedness current to May 20, 2025 attached as Exhibit N. Loan matured Aug 1, 2024; demand and NOI issued March 19, 2025. Guarantors Harsharan Singh Chahal and Harnirjodh Singh Chahal each provided personal guarantees limited to $2,625,000 (related parties - directors/shareholders of Borrower). · page: 6 · as of: 2025-06-16 · amount: 8246007.42 · debtor: 1923846 Alberta Ltd. · creditor: Servus Credit Union Ltd. · currency: CAD · security: Collateral Mortgage (instrument no. 181 144 719) securing $10,500,000 plus interest at prime + 10%; General Security Agreement over all present and after-acquired real and personal property; General Assignment of Leases and Rents (Caveat Registration No. 181 144 720); PPR financing statement Registration No. 18062710696