Ontario · Receivership (court-appointed)

Supplemental Affidavit of Lou Cerruti sworn April 8 2025

Affidavit · 8 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 filing1 verified

secured creditorsnote: Acknowledgment Agreement dated March 18, 2025 recites total indebtedness as at Feb 19, 2025 comprising: Principal $11,034,271.00; Accrued Interest to May 15, 2023 $2,210,554.48; Accrued Interest May 15, 2023 to Feb 19, 2025 $2,812,981.16; Walker Purchase Price (excl. $1,404,152.82) $723,874.57; Renewal/Postponement/Forbearance Fees & Costs $1,255,000.00; Lien Rent Bonus $441,811.68; Mortgage Rent Bonus $1,147,010.31. Personal guarantees given by Hira Dhillon and Mahan Dhillon (individuals, guarantors, not corporate creditors). Interest continues to accrue at $4,496.93/day per diem. · page: 8 · as of: 2025-02-19 · amount: 19625503.2 · debtor: 2616766 Ontario Limited · creditor: Cerruti Investments Inc. · currency: CAD · security: Charge/Mortgage (registered principal amount $22,000,000.00) over 6500 Cantelon Drive, Windsor, Ontario, together with General Assignment of Rents (GAR) and General Security Agreement (GSA)