Ontario · Receivership (court-appointed)
Motion Record – Returnable June 5, 2018
Application / notice of application · 5 June 2018
A plain-language read of this filing opens with a subscription.
What we verified from this filing7 verified
- secured creditorsnote: Included on service list; no amount or security detail stated on these pages · page: 4 · debtor: Toronto Machine & Tool Company Limited / Toronto Machine & Tool Inc. · creditor: National Leasing Group Inc. · currency: CAD · security: Unspecified (listed on service list, likely equipment lessor)
- secured creditorsnote: Listed among Debtors' secured parties supporting sale to Maynards; also referenced elsewhere as sole unsecured creditor of one entity (Inc.) per internal counsel note - status appears disputed/unclear across records · page: 9 · debtor: Toronto Machine & Tool Company Limited / Toronto Machine & Tool Inc. · creditor: John Christensen · currency: CAD · security: Purported security interest re: 38 Milne Avenue; reviewed by counsel
- secured creditorsnote: Referred to as 'Companies' general secured creditor'; amount not stated on these pages · page: 27 · debtor: Toronto Machine & Tool Company Limited and Toronto Machine & Tool Inc. · creditor: Royal Bank of Canada · currency: CAD · security: General secured creditor; sought Receivership Order
- secured creditorsnote: Priority dispute: counsel for Lessors advised Anthony and Josephine Gazzaruso are secured creditors of the Lessors (CFG/3PI) and assert priority over TMT Inc.'s secured creditors; proceeds from sale of CFG Leased Assets held pending resolution of priority dispute · page: 30 · debtor: Certified Fixture & Gear Inc. (Lessor) / disputed against TMT Inc. · creditor: Anthony Gazzaruso and Josephine Gazzaruso · currency: CAD · security: Alleged security interest in CFG Leased Assets
- secured creditorsnote: Receiver found no PPSA registrations against TMT Inc. by the Lessors; Receiver advised Lessors' security interest not effective/perfected against Receiver; disputed · page: 31 · debtor: Toronto Machine & Tool Inc. · creditor: Certified Fixture & Gear Inc. and 3rd Party Inspection Services Inc. (Lessors) · currency: CAD · security: Claimed lease/security interest in CFG Leased Assets
- unsecured creditorsnote: Deemed trust priority issue researched by counsel; no amount stated on these pages · page: 143 · basis: Deemed trust / HST source deduction arrears discussed in counsel correspondence · debtor: Toronto Machine & Tool Inc. · creditor: Canada Revenue Agency · currency: CAD
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: end: 2018-05-18 · kind: invoice · label: Billing Period · quote: for the period of February 28, 2018 to May 18, 2018 (the "Billing Period") · start: 2018-02-28 · approval: state: unstated · averages: rate: 610.7 · quote: resulting in an average hourly rate of $610.70 (exclusive of applicable taxes) · scope: Minden Gross LLP personnel during the Billing Period · currency: · invoices: · firm text: Minden Gross LLP · firm quote: Applicant Minden Gross in relation to the above-noted receivership · hours total: quote: 70.3 hours were incurred by Minden Gross LLP personnel during the Billing Period · value: 70.3 · context quote: Applicant Minden Gross in relation to the above-noted receivership for the period of February 28, 2018 to May 18, 2018 (the "Billing Period").