Ontario · Receivership (court-appointed)
Notice of and Statement of the Receiver, October 23, 2014
Notice of receiver (s. 245 / Form 87) · 23 October 2014
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 filing5 verified
- financial positionnote: MNP Ltd. became interim receiver of the Property on October 14, 2014, appointed by the Ontario Superior Court of Justice. No asset values or unsecured creditors are stated; the plan is to realize on the Property. · page: 1 · basis: Notice of and Statement of the Receiver, MNP Ltd., October 23, 2014. · scope: The receivership is over the property municipally known as 1 Arrow Road, Toronto — a 50,974 sq ft industrial building — not over a named corporate debtor. · currency: CAD
- secured creditorsnote: Amount “to be confirmed” per the notice. · page: 2 · basis: Notice of and Statement of the Receiver (ss.245(1) & 246(1) BIA), MNP Ltd. as Court-Appointed Interim Receiver of 1 Arrow Road, Toronto (Court File No. CV-14-10701-00CL), dated October 23, 2014 — List “A” Secured Creditors. The notice states the amount owed to each creditor who holds security “is to be confirmed”; the listed figures are recorded as stated, subject to that qualifier. · amount: 3700000 · debtor: 1 Arrow Road, Toronto, Ontario (the “Property”) · creditor: Dast Properties Limited · currency: CAD · security: Holds security on the Property (List “A”).
- secured creditorsnote: Amount “to be confirmed” per the notice. · page: 2 · basis: Notice of and Statement of the Receiver (ss.245(1) & 246(1) BIA), MNP Ltd. as Court-Appointed Interim Receiver of 1 Arrow Road, Toronto (Court File No. CV-14-10701-00CL), dated October 23, 2014 — List “A” Secured Creditors. The notice states the amount owed to each creditor who holds security “is to be confirmed”; the listed figures are recorded as stated, subject to that qualifier. · amount: 1500000 · debtor: 1 Arrow Road, Toronto, Ontario (the “Property”) · creditor: Verza Investments Inc. · currency: CAD · security: Holds security on the Property (List “A”).
- secured creditorsnote: Amount “to be confirmed” per the notice. · page: 2 · basis: Notice of and Statement of the Receiver (ss.245(1) & 246(1) BIA), MNP Ltd. as Court-Appointed Interim Receiver of 1 Arrow Road, Toronto (Court File No. CV-14-10701-00CL), dated October 23, 2014 — List “A” Secured Creditors. The notice states the amount owed to each creditor who holds security “is to be confirmed”; the listed figures are recorded as stated, subject to that qualifier. · amount: 89000 · debtor: 1 Arrow Road, Toronto, Ontario (the “Property”) · creditor: First Capital Corp. · currency: CAD · security: Holds security on the Property (List “A”).
- secured creditorsnote: Municipal claim. Amount “to be confirmed” per the notice. · page: 2 · basis: Notice of and Statement of the Receiver (ss.245(1) & 246(1) BIA), MNP Ltd. as Court-Appointed Interim Receiver of 1 Arrow Road, Toronto (Court File No. CV-14-10701-00CL), dated October 23, 2014 — List “A” Secured Creditors. The notice states the amount owed to each creditor who holds security “is to be confirmed”; the listed figures are recorded as stated, subject to that qualifier. · amount: 326217 · debtor: 1 Arrow Road, Toronto, Ontario (the “Property”) · creditor: City of Toronto · currency: CAD · security: Holds security on the Property (List “A”); roll no. 1908-01-2-100-00500.