Ontario · Receivership (court-appointed)
Application record (for motion returnable May 1, 2025)
Application / notice of application · 11 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: Loan Agreement dated October 14, 2022 provided a loan facility of $2,250,000.00 to finance purchase of the property. An exact outstanding balance is stated in TD Statement of Account as at April 2, 2025 (Exhibit L, pp.118-120) but those pages were not provided for extraction. Personal guarantee given by Kiranjit Kaur Dosanjh (director/guarantor) dated December 20, 2022; demand made on guarantor July 12, 2024. Forbearance Agreement dated August 14, 2024 and extension dated January 8, 2025 in place. · page: 10 · debtor: Dosanjh Care Inc. · creditor: The Toronto-Dominion Bank · currency: CAD · security: First ranking charge registered January 13, 2023 as Instrument No. GB160992 against 532 Main Street, Powassan, Ontario, for the principal sum of $2,250,000.00 (registered principal, not a stated outstanding balance); General Security Agreement dated December 20, 2022 registered under the PPSA January 13, 2023; General Assignment of Rents registered January 13, 2023 as Instrument No. GB160993