Ontario · Receivership (court-appointed)
Application Record dated September 10, 2025
Application / notice of application · 10 September 2025
What we verified from this filing16 verified
- applicantCAISSE DESJARDINS ONTARIO CREDIT UNION INC.
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-25-00091834-0000
- provinceONTARIO
- statutory basisSECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, R.S.C. 1985, C. B-3, AS AMENDED; AND SECTION 101 OF THE COURTS OF JUSTICE ACT, R.S.O. 1990, C.C.43, AS AMENDED
- appointeeALBERT GELMAN INC.
- appointee roleProposed Receiver
- commencement date9 September 2025
- secured creditorsnote: Cited by applicant as an existing default under the 105 Prince Arthur Collateral Mortgage · page: 20 · as of: 2025-04-02 · amount: 1645.45 · debtor: Aranai Immobilier Inc./Aranai Real Estate Inc. · creditor: City of Cornwall · currency: CAD · security: Unpaid 2024/2025 municipal property taxes on 103-105 Prince Arthur Street, Cornwall, which constitute a statutory tax lien with priority under the Municipal Act, evidenced by City of Cornwall Tax Certificate dated April 2, 2025
- secured creditorsnote: Cited by applicant as an existing default under the 73 Leonia Collateral Mortgage · page: 20 · as of: 2025-04-03 · amount: 4928.36 · debtor: Aranai Immobilier Inc./Aranai Real Estate Inc. · creditor: City of Cornwall · currency: CAD · security: Unpaid 2024/2025 municipal property taxes on 69-73 Leonia Street, Cornwall, statutory tax lien, evidenced by City of Cornwall Tax Certificate dated April 3, 2025
- secured creditorsnote: Cited by applicant as an existing default under the 106 Walton Collateral Mortgage · page: 20 · as of: 2025-04-03 · amount: 2805.3 · debtor: Aranai Immobilier Inc./Aranai Real Estate Inc. · creditor: City of Cornwall · currency: CAD · security: Unpaid 2024/2025 municipal property taxes on 106 Walton Street, Cornwall, statutory tax lien, evidenced by City of Cornwall Tax Certificate dated April 3, 2025
- secured creditorsnote: Cited by applicant as an existing default under the 18 McDonald Collateral Mortgage · page: 20 · as of: 2025-04-03 · amount: 2510.38 · debtor: Aranai Immobilier Inc./Aranai Real Estate Inc. · creditor: City of Cornwall · currency: CAD · security: Unpaid 2024/2025 municipal property taxes on 18-18½ McDonald Avenue, Cornwall, statutory tax lien, evidenced by City of Cornwall Tax Certificate dated April 3, 2025
- secured creditorsnote: One of four loans comprising the Caisse's stated aggregate indebtedness of $771,579.10 as of May 14, 2025 (excluding ongoing interest accrual, professional fees, disbursements and HST); Demand Letter and BIA s.244 Notice issued May 29, 2025 demanding payment of the total indebtedness as of May 14, 2025; loan amended March 12, 2025 (interest rate revised to 4.660% p.a., 12-month term); personal guarantee (General Guarantee dated Feb 25, 2021, limited to $650,500 plus interest/costs) given by respondents/guarantors Chyn Chyn Ning, Shuye Chin Ning and Jia Chern Ning · page: 21 · as of: 2025-05-14 · amount: 169953.92 · debtor: Aranai Immobilier Inc./Aranai Real Estate Inc. · creditor: Caisse Desjardins Ontario Credit Union Inc. · currency: CAD · security: 105 Prince Arthur Collateral Mortgage (Charge/Mortgage Instrument No. ST120945 registered March 5, 2021 over 103-105 Prince Arthur Street, Cornwall, ON); 105 Prince Arthur Assignment of Rents (Instrument No. ST120946 registered March 5, 2021); PPSA registration June 4, 2025, File No. 516974787, Registration No. 20250604 1549 1590 3468 (Ontario)
- secured creditorsnote: One of four loans comprising the Caisse's stated aggregate indebtedness of $771,579.10 as of May 14, 2025; personal guarantee (18 McDonald Guarantee dated April 23, 2021, limited to $1,088,100 plus interest/costs) given by respondents/guarantors Chyn Chyn Ning, Shuye Chin Ning and Jia Chern Ning · page: 21 · as of: 2025-05-14 · amount: 193642.92 · debtor: Aranai Immobilier Inc./Aranai Real Estate Inc. · creditor: Caisse Desjardins Ontario Credit Union Inc. · currency: CAD · security: 18 McDonald Collateral Mortgage (Charge/Mortgage Instrument No. ST122493 registered April 30, 2021 over 18-18½ McDonald Avenue, Cornwall, ON); 18 McDonald Assignment of Rents (Instrument No. ST122495 registered April 30, 2021); PPSA registration June 4, 2025, File No. 516974715, Registration No. 20250604 1547 1590 3466
- secured creditorsnote: One of four loans comprising the Caisse's stated aggregate indebtedness of $771,579.10 as of May 14, 2025; personal guarantee (Unlimited General Guarantee dated October 6, 2021, unlimited amount) given by respondents/guarantors Chyn Chyn Ning, Shuye Chin Ning and Jia Chern Ning · page: 21 · as of: 2025-05-14 · amount: 133787.03 · debtor: Aranai Immobilier Inc./Aranai Real Estate Inc. · creditor: Caisse Desjardins Ontario Credit Union Inc. · currency: CAD · security: 106 Walton Collateral Mortgage (Charge/Mortgage Instrument No. ST127970 registered October 8, 2021 over 106 Walton Street, Cornwall, ON); 106 Walton Assignment of Rents (Instrument No. ST127971 registered October 8, 2021); PPSA registration June 4, 2025, File No. 516974841, Registration No. 20250604 1551 1590 3470
- secured creditorsnote: One of four loans comprising the Caisse's stated aggregate indebtedness of $771,579.10 as of May 14, 2025; personal guarantee (Unlimited General Guarantee dated October 6, 2021, unlimited amount) given by respondents/guarantors Chyn Chyn Ning, Shuye Chin Ning and Jia Chern Ning · page: 21 · as of: 2025-05-14 · amount: 274195.23 · debtor: Aranai Immobilier Inc./Aranai Real Estate Inc. · creditor: Caisse Desjardins Ontario Credit Union Inc. · currency: CAD · security: 73 Leonia Collateral Mortgage (Charge/Mortgage Instrument No. ST122484 registered April 30, 2021 over 69-73 Leonia Street, Cornwall, ON); 73 Leonia Assignment of Rents (Instrument No. ST122458 registered April 30, 2021); PPSA registration June 4, 2025, File No. 516974832, Registration No. 20250604 1550 1590 3469