Manitoba · Receivership (court-appointed)
Affidavit dated August 23, 2023 - Part 5 of 5
Affidavit · 23 August 2023
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 filing2 verified
- secured creditorsnote: Disputed claim - counsel for Mr. Shaver describes the lien amount as 'outrageous and inaccurate,' noting Gateway's own prior correspondence indicated it was seeking only approximately $159,000 for services; a 30-day notice to prove the lien claim was proposed. · page: 9 · as of: builders lien filing date · amount: 2573550 · debtor: Bokhari Development Inc. · creditor: Gateway Construction (Gateway Projects) · currency: CAD · security: Builders lien registered against the Project property (1801-1825 Park Drive, Portage la Prairie)
- secured creditorsnote: Demand letter dated August 3, 2023 states amount due and owing to Peoples with respect to the Mortgage was $21,357,445.26, with interest, costs and fees continuing to accrue thereafter; a separate stated interest-arrears default figure of $120,928.90 is a component, not the total balance. Notice of Intention to Enforce Security (s.244 BIA) issued same date. Darcy Shaver, a director/shareholder of Bokhari, personally guaranteed the indebtedness pursuant to a guarantee (dated August 30, 2023 per the demand letter) and was also demanded payment as guarantor. · page: 14 · as of: 2023-08-03 · amount: 21357445.26 · debtor: Bokhari Development Inc. · creditor: Peoples Trust Company · currency: CAD · security: Mortgage No. 1217450/3 (stated principal amount $32,815,800.00) registered against Title No. 3015541/3, 1801-1825 Park Drive, Portage la Prairie, MB; General Security Agreement dated August 30, 2021 over all present and after-acquired real and personal property, registered as PPSA Financing Statement No. 202116517401 (Sept 14, 2021)