Ontario · Receivership (court-appointed)
Application Record of the Applicant dated June 5, 2025 Part 5
Application / notice of application · 5 June 2025
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What we verified from this filing2 verified
- secured creditorsnote: Amounts are registered charge/mortgage principal per land registry, not a stated outstanding balance; a $2 Notice (reg. WE1774666, 2024/12/23) referencing WE1657619 was registered from Fennell to 9259929 Canada Inc. — effect/discharge status not determinable from the pages provided · page: 15 · debtor: 9259929 Canada Inc. · creditor: Fennell Property Management Ltd. · currency: CAD · security: Charge in the registered amount of $375,000 (reg. WE1557492, 2021/10/29) against Cannon Street property (PIN 17246-0356); charge in the registered amount of $200,000 (reg. WE1558094, 2021/11/02) against Barton Street property (PIN 17161-0044); charge in the registered amount of $1,225,000 (reg. WE1657619, 2023/01/24) against Barton Street property (PIN 17161-0044)
- secured creditorsnote: Exact balance as of April 7, 2025 per demand letter and BIA s.244(1) Notice of Intention to Enforce Security dated April 8, 2025 (excludes interest/costs accruing after that date); personal guarantee given by Rahim Thawer (President/Guarantor) dated 2021-10-04 in the amount of $3,425,000.00; Existing Defaults noted in Exit Letter dated 2025-01-30 (unwaived) · page: 48 · as of: 2025-04-07 · amount: 3384750.44 · debtor: 9259929 Canada Inc. · creditor: Tandia Financial Credit Union Limited · currency: CAD · security: General security agreement dated 2021-10-04 granting first-ranking security interest in all present and after-acquired personal property; charge/mortgage in the registered amount of $1,825,000.00 (reg. WE1551412, 2021/10/05) against 1203-1215 Cannon Street East, Hamilton, Ontario; charge/mortgage in the registered amount of $1,600,000.00 (reg. WE1551414, 2021/10/05) against 32 Barton Street East, Hamilton, Ontario (PIN 17161-0044)