Ontario · Receivership (court-appointed)
First Report of the Receiver (for motion returnable July 9, 2026)
Court officer report · 9 July 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing3 verified
- secured creditorsnote: Payout statement figure of approximately $2.475 million as of June 9, 2026 (plus accruing interest and costs) is the exact dated balance; original loan facility was $2,250,000 (October 14, 2022 loan agreement) - facility principal, not the outstanding balance. Obligations also personally guaranteed by Kiranjit Kaur Dosanjh (director/related party) per guarantee dated December 20, 2022. Receiver's independent counsel provided a security opinion confirming validity/enforceability of the mortgage and GSA. · page: 7 · as of: 2026-06-09 · amount: 2475000 · debtor: Dosanjh Care Inc. · creditor: The Toronto-Dominion Bank (TD Bank) · currency: CAD · security: TD Bank Mortgage (first-ranking charge, principal $2,250,000, registered Jan 13, 2023 as Instrument No. GB160992 against Mortgaged Parcel PIN 52209-0615); General Security Agreement dated Dec 20, 2022 registered under PPSA Jan 13, 2023 (only PPSA registrant per Jan 26, 2026 search); General Assignment of Rents registered Jan 13, 2023 as Instrument No. GB160993
- fee scheduleengagements: form: prose · rows: · money: fees: quote: for a total of $89,779.50 and applicable taxes · amount: 89779.5 · approximate: false · period: kind: unstated · approval: quote: approving the fees and disbursements of the Receiver and its legal counsel, Chaitons LLP (' Chaitons ') as outlined herein · state: sought · averages: rate: 487.14 · quote: an average hourly rate of approximately $487.14 · currency: · invoices: · firm text: Albert Gelman Inc. · firm quote: Albert Gelman Inc. (' AGI ') · hours total: quote: 184.3 hours at an average hourly rate of approximately $487.14 · value: 184.3 · context quote: in its capacity as receiver (in such capacity, the ' Receiver '); form: prose · rows: · money: fees: quote: total fees of $55,635.00 · amount: 55635 · total: quote: accounts totalling $63,908.25 inclusive of disbursements and applicable taxes · amount: 63908.25 · includes tax: true · includes disbursements: true · approximate: false · period: kind: unstated · approval: quote: approving the fees and disbursements of the Receiver and its legal counsel, Chaitons LLP (' Chaitons ') as outlined herein · state: sought · averages: rate: 538.58 · quote: an average hourly rate of approximately $538.58 · currency: · invoices: · firm text: Chaitons LLP · firm quote: its legal counsel, Chaitons LLP (' Chaitons ') · hours total: quote: 103.30 hours at an average hourly rate of approximately $538.58 · value: 103.3 · context quote: approving the fees and disbursements of the Receiver and its legal counsel, Chaitons LLP (' Chaitons ')
- recovery outcomeentries: basis: estimated · quote: The sale proceeds generated from the Transaction are expected to result in a partial payout of the TD Bank Mortgage resulting in TD Bank suffering a shortfall. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: TD Bank · creditor name: TD Bank · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Receiver does not expect that any funds will be available for distribution to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Any potential CRA claim for corporate income tax would be an unsecured claim and, based on the anticipated net realizations and the amount owing to TD Bank, would not result in any distribution to CRA. · pct of: unstated · outcome: nil · class key: deemed_trust · stated by: receiver · class label: CRA · creditor name: CRA · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Given that TD Bank will suffer a shortfall in respect of the TD Bank Mortgage, there will be no distribution to any other secured or unsecured creditors of the Company. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: other secured or unsecured creditors · interim final: unstated · conditional on: Given that TD Bank will suffer a shortfall in respect of the TD Bank Mortgage · claims qualifier: unstated · stated on: 2026-07-03 · table missing: