Ontario · Receivership (court-appointed)

Supplementary Report of the Receiver

Court officer report · 24 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 filing3 verified

operational summaryThe Receiver is developing realization plans for each Active Mortgage, investigating other avenues of recovery and reviewable transactions, and seeking amendments to the Receivership Order (including power to assign the Debtors into bankruptcy and extending the Receiver's Charge). It expects about $820,000 from repayment of the Bidmead Mortgage and intends to enforce the Subramaniam S-26 and S-27 mortgages.
report date24 June 2025
report noSupplemental Report to the First Report