Ontario · Receivership (court-appointed)
Motion Record of the Plaintiffs - Volume 2 of 3 dated June 8, 2026
Application / notice of application · 8 June 2026
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 filing7 verified
- applicantDORR CAPITAL CORPORATION and OLYMPIA TRUST COMPANY
- commencement date8 June 2026
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noCL-26-00000262-0000
- provinceONTARIO
- secured creditorsnote: Original Loan Facility per January 24, 2023 commitment letter (File No. 23006): $2,250,000 First Mortgage Land Loan, subsequently extended per amendments dated March 11, 2024 and September 5, 2024 with increased interest rates; guaranteed jointly and severally by Flato Management Inc. (corporate guarantor) and Shakir Rehmatullah (personal guarantor - related party, principal of borrower group) · page: 112 · debtor: Melancthon Meadows Inc. and 2760562 Ontario Inc. · creditor: Dorr Capital Corporation and Olympia Trust Company (co-lenders per General Assignment of Rents; syndicated interests of 2,120,000/2,250,000 and 130,000/2,250,000 respectively) · currency: CAD · security: First mortgage/charge over the Melancthon Lands (Instruments DC250883 and DC250885, LRO #7, registered February 9, 2023); Notices of Assignment of Rents-General (DC250884, DC250886) and related General Assignments dated February 1, 2023; General Security Agreement dated February 1, 2023; the Charge/mortgage secures a stated registered principal of $2,812,500.00 (registration amount, not a confirmed outstanding balance)
- secured creditorsnote: Amendment dated September 5, 2024 providing a further 6-month extension; guaranteed by Flato Management Inc. (corporate guarantor) and Shakir Rehmatullah (personal guarantor - related party, principal of borrower group) · page: 172 · debtor: Flato Greens Inc. · creditor: Dorr Capital Corporation · currency: CAD · security: Mortgage/charge over 772060 Highway 10, Dundalk, ON (Loan File # 22080); Mortgage Disclosure Statement states principal amount of the mortgage as $4,000,000 (facility/registered principal, not a confirmed outstanding balance)