Ontario · Receivership (court-appointed)

Application Record of Ally Awadh dated May 9, 2024

Application / notice of application · 9 May 2024

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: Lender is an individual (personal name), not a corporate lender; indebtedness stated as of March 26, 2024 pursuant to Loan Agreement dated January 1, 2020; Notice of Intention to Enforce Security under s.244(1) BIA delivered October 11, 2023 · page: 9 · as of: 2024-03-26 · amount: 6200000 · debtor: Lake Trading Welland Inc. · creditor: Ally Awadh · currency: CAD · security: Charge/Mortgage of Land, principal sum $6,200,000.00, registered as instrument SN781651 on October 10, 2023, governed by Standard Charge Terms 200033, over real property municipally known as 90 Lincoln Street, Welland, Ontario (PIN 64103-0270 LT); Revolving Demand Facility in the sum of $6,200,000.00 repayable on demand